After the merger and acquisition frenzy that has characterized the US upstream oil and gas business since 2020, many are left wondering who the most attractive remaining takeover targets might be. Because this spate of […]
Swiss-based offshore drilling giant Transocean has entered into an agreement with an undisclosed customer to sell one of its ultra-deepwater floaters. The company said in a Monday US Securities and Exchange Commission filing that it […]
Daily Standup Top Stories Joe Biden Plans to Use Oil Reserves to Artificially Lower Gas Prices Before the November Election June 18, 2024 Mariel Alumit Joe Biden plans to deplete the U.S. oil reserves to artificially […]
Oil prices have bounced back after the last OPEC+ announcement sent them crashing, and the U.S. Federal Reserve could send them higher still with optimistic messaging. – Oil markets were eagerly anticipating the start of […]
June 14 (Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating to the lowest since January 2022, energy services firm Baker Hughes (BKR.O), said in its closely followed report […]
StanChart has forecast 1.68 mb/d growth in 2024 and 1.41 mb/d in 2025. StanChart has reiterated its previous assessment that not only can the markets absorb the extra barrels by OPEC+ producers but that a […]
Offshore drilling giant Noble Corporation has secured more work for its drillship Noble Stanley Lafosse in the Gulf of Mexico. Arkansas-based oil and gas exploration firm Murphy Oil has exercised its option to drill five […]
Subsea 7 has landed what it describes as a “super-major” contract worth over $1.25bn with Brazil’s Petrobras. The deal will see the Oslo-listed offshore services player work on the Búzios 9 field development, located some […]
The Federal Trade Commission last week gave the green light to Exxon’s acquisition of Pioneer Natural Resources. The FTC alleged that Sheffield had colluded with OPEC and OPEC+ members to limit production and increase oil […]
(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 […]
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