Oil States shares details of E-Flow Controls acquisition
The company has shared further details regarding the previously disclosed acquisition of Aberdeen-based E-Flow Control Holdings, Ltd.
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US shale hedging losses could top US$10 billion this year
US shale oil producers are in line to suffer more than US$10 billion in derivative hedging losses this year if oil prices remain around US$100 per barrel, Rystad Energy research shows.
Aramco and Sinopec sign MoU to collaborate on projects in Saudi Arabia
The Saudi Arabian oil company has signed a Memorandum of Understanding (MoU) with China Petroleum & Chemical Corporation (Sinopec) covering multiple areas of potential collaboration between the parties in Saudi Arabia.
Senex to invest US$1 billion to boost to the natural gas industry
The Australian Petroleum Production & Exploration Association (APPEA) has welcomed Senex’s major expansion of its Atlas and Roma North natural gas developments in Queensland’s Surat Basin.
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Miros wins trio of sensor contracts with Subsea 7 pipelay support vessels
Miros Group has secured a trio of three-year agreements with Subsea 7 to install its IoT dry-sensor WaveSystem. Each contract comprises a three-year period plus a subsequent one-year option. The contracts are due to commence between Q1 and Q3 2022.
Búzios field breaks monthly production record
In June this year, Petrobras reached an average monthly production of 616 000 barrels of oil per day (bpd) in the Búzios field, in the pre-salt layer of the Santos Basin.
Azule Energy begins operations
bp and Eni have confirmed that Azule Energy, the new 50/50 independent joint venture combining the two companies’ Angolan businesses, has been officially established.
US oil and gas sector at risk of a cyber breach according to BreachBits study
The study ranked 59% of companies at Medium Risk for a cyber breach, 13% at Low Risk and 28% at Very Low Risk. It also revealed 94% of all ransomware threats were held by only 51% of companies.
bp to sell interest in bp-Husky Toledo Refinery to Cenovus
Cenovus will pay US$300 million for bp’s stake in the refinery, plus the value of inventory, and take over operations when the transaction closes, which is expected to occur later in 2022. bp and Cenovus will also enter into a multi-year product supply agreement.
Sunbridge Energy Services launches natural gas compression station in Midland Basin
The company has announced that its natural gas compression station will come online on 31 August 2022.