Oil & gas news

ConocoPhillips has agreed to buy US shale oil producer Concho Resources Inc for US$9.7 billion.

Westwood Global Energy has published a note giving a preliminary assessment of the deal from each company’s perspective and the outlook for the merged company and the wider North Sea M&A market.

TechnipFMC’s scope of work for Equinor includes provision of flexible jumpers and rigid pipelines as well as pipeline installation work.

PDC Energy successfully installed 22 248 ft of 5.5-in. x 20.00 ppf VA-EP-P110 VAtitan-TC in the Ferguson 23G-202 well located in the Wattenberg Field in the Denver-Julesburg Basin.

Petrobras has postponed the Integrated Project of Parque das Baleias by about one year, with the start of operation and first oil delayed to 2024.

The Energy Enticer had a safe and successful mobilisation to Qatar Petroleum’s North Field in early September 2020.

SmartFleet gives operators real-time fracture control while pumping by integrating subsurface fracture measurements, live 3D visualisation, and real-time fracture commands.

CNX Resources have successfully installed 27 361 ft of 5.5” 23# VA-EP-P110-NY VAtitan-TC on the Maj-12 pad in the Pennsylvania Utica Shale.

Oil prices fell today on bearish Covid-19 news, but anticipation of the OPEC+ meeting and crude inventory draws still provide support.

Stork will provide all daily maintenance and rapid response services as well as deliver engineering, project and turnaround-related services for three onshore production areas in the Netherlands.