Operators drilling for oil in Texas are scrambling to dispose of excess natural gas amid a supply glut and weak prices, prompting a sharp rise in flaring requests. The Railroad Commission of Texas (RRC), which […]
(WO) – According to Reuters, Namibia’s national oil company, NAMCOR, has entered a significant development agreement with Chevron Namibia Exploration Ltd, a subsidiary of Chevron. Under the terms of the agreement, Chevron will take an […]
Daily Standup Top Stories U.S. produces the energy everyone is looking for: 900 MW at the largest plant in the world April 30, 2024 Mariel Alumit It is a common misconception that renewable energy is hidden in […]
(Bloomberg) – Norway will add a new offshore oil and gas development in the North Sea, extending the life of a nearby field that has been in operation for over three decades. Okea ASA will […]
Global upstream M&A deals could reach $150 billion in 2024, surpassing the first quarter’s $64 billion mark. North America, particularly the US shale sector, remains the driving force, with $80 billion of assets on the […]
(WO) – ProPetro Holding Corp. has entered into a three-year hydraulic fracturing services agreement to provide electric hydraulic fracturing services to ExxonMobil in the Permian basin. ProPetro will deliver and dedicate FORCE electric-powered hydraulic fracturing […]
(Bloomberg) – If you want to understand why the two largest U.S. oil companies are together spending in excess of $100 billion on acquisitions right now, look no further than the amount of crude they’re […]
Daily Standup Top Stories Tesla Partners with Baidu for Full Self-Driving Rollout in China April 29, 2024 Mariel Alumit Tesla’s FSD system has been approved for use in China, the world’s largest car market. Tesla has […]
North America lost 15 rigs week on week, according to Baker Hughes’ latest rotary rig count, which was published on April 26. The U.S. dropped six rigs and Canada dropped nine rigs week on week, […]
Exxon is working on direct air capture technology to remove carbon dioxide emissions from the atmosphere as a tool to address climate change. Exxon CEO Darren Woods said the technology is currently unaffordable, with CO2 […]
Copyright © 2025 | Sandstone Group