Commenting, Roy Martin, senior analyst, corporate analysis, said: “This is the biggest upstream deal since Shell and BG in 2015. Chevron now joins the ranks of the UltraMajors – and the big three becomes the big four.”
Russian crude exports will reach a multiyear high of 5.7 million bpd in April, 400 000 bpd higher than average exports in the previous 5 months, according to a Market Alert released by ESAI Energy.
The company will acquire all of the outstanding shares of Anadarko in a stock and cash transaction valued at US$33 billion, or $65 per share.
Hogan Assessments has saved companies nearly €65 million in workplace injury costs by helping them recruit safety-minded staff.
In the same week that Shell agreed to explore for shale oil in China, BP is reported to be exiting its two Sichuan basin shale gas blocks. Wood Mackenzie eastern Asia upstream research analyst, Xianhui Zhang, provides commentary.
The company will maintain its headquarters in London, England, with a significant presence in Houston, Texas.
Headquartered in Houston, USA, Benthic adds deepwater and ultra-deepwater surveying capabilities to Acteon through its portable remotely operated drill (PROD) technology.
The companies have agreed to create FASTSubsea to help operators increase oil recovery in a fast-er, simpler and more environmentally friendly way.
Saudi Aramco’s plans to raise US$10 billion in bonds to finance the acquisition of Saudi petrochemicals group Sabic indicates a major shift in the Kingdom of Saudi Arabia, according to Rystad Energy’s Head of Analysis Per Magnus Nysveen.
Company to share industry expertise and deliver hands-on experience to ASOIU.
The two companies completed a multi-phased study addressing the challenges associated with produced water in the Permian Basin.
The 50-50 joint venture between Clough and Wood, has announced that it has received a ConocoPhillips 2018 Supplier Recognition Award for 'Focus on Execution'.
SUEZ has extended its 2016 cooperation agreement with The EOR Alliance to serve the growing demand for enhanced oil recovery.
Oil and gas exploration is off to a flying start in 2019, with majors taking a bigger bite of the conventional resources discovered in the first quarter, according to Rystad Energy.
A slump that began in late 2018 has carried over into the new year and the US$1.6 billion in 1Q19 deals is down 91% from 4Q18, and down 93% compared to 1Q18.