Last year, U.S. oil and gas companies announced several massive deals. Enverus said in its latest report on M&A activity that the second quarter saw $30.2 billion worth of deals announced in the second quarter […]
The number of upstream and oilfield services jobs is flatlining and has started to fall. The hiring slump is not because production is falling. Efficiency and technological advances in fracking services, as well as the […]
Swiss-based offshore drilling giant Transocean has secured a $531m contract from BP for operations in the US Gulf of Mexico. The contract will see drillship Deepwater Invictus on hire for about 1,095 days starting in […]
Subsea Integration Alliance, a non-incorporated tie-up between Subsea 7 and SLB’s OneSubsea has secured a new contract from UK supermajor BP for work on the Murlach development in the UK North Sea. The deal worth […]
Oceaneering has won multiple contracts for vessel services in the Gulf of Mexico. The first deal covers a mix of basic and heavy inspection, maintenance, and repair (IMR) services, including vessel-based inspections, maintenance of smaller […]
Despite significant energy challenges, a recent survey by DNV shows that 68% of leaders in the oil and gas industry are optimistic about growth in the coming year. The survey, titled “The Paradox of Petroleum,” […]
Casper, Wyo. – The Petroleum Association of Wyoming (PAW) proudly announces that the oil and natural gas industry has made a monumental contribution of $2.42 billion in taxes to the state of Wyoming in 2023. […]
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 […]
Copyright © 2025 | Sandstone Group