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.
The oil and gas industry gets a hard time where environmental impact and sustainability are concerned, but an increasing number are identifying the value of their food wastes, explains Tidy Planet’s sales manager, Huw Crampton.
As oil prices approach US$70/bbl, Rystad Energy expects that a short-lived price rally through the first half of 2020 will then lose momentum and be replaced by a need for additional production cuts by Russia and the cartel of oil producing countries, OPEC.
With co-funding from the Oil & Gas Innovation Centre (OGIC), KBC will collaborate with INPEX Corp. and Heriot-Watt University to generate new data for enhanced prediction of mercury solubility in oil and gas processing.
Shell remains the world’s most valuable oil and gas brand as its value grew 7% over the past year to US$42.3 billion, according to the latest report by Brand Finance, the world’s leading independent brand valuation consultancy.