The addition will mean Vista has two fracking crews and related equipment in operation. The company is aiming to raise production 55% to the equivalent of 85,000 bpd by the fourth quarter, and start production on 138 new oil wells by 2026 in an effort to reach 100,000 bpd. SourceContinue Reading
ADNOC Drilling Company PJSC and Alpha Dhabi Holding PJSC’s joint venture Enersol RSC LTD has agreed to acquire an additional 42.206% equity stake in Gordon Technologies LLC for approximately $270 million, making Enersol the majority equity holder. SourceContinue Reading
The scope of work is focused on two FPSO (floating production, storage, and offloading) units, namely Greater Plutonio and PSVM. The work comprises engineering, procurement, and construction services (EPC) of the brownfield maintenance and modifications scopes. SourceContinue Reading
ADNOC Drilling Company PJSC and Alpha Dhabi Holding PJSC’s joint venture Enersol RSC LTD has agreed to acquire an additional 42.206% equity stake in Gordon Technologies LLC for approximately $270 million, making Enersol the majority equity holder. SourceContinue Reading
Saudi Aramco Needs To Balance Investor Needs Against Oil Prices | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. More Info Premium Content By Tsvetana Paraskova – Jun 11, 2024, 5:00 PM CDT Saudi Arabia’s oil giant Aramco looks...Continue Reading
Eni has embarked on a reorganization to help fund its transition to gas and renewable energy. Chief Executive Officer Claudio Descalzi is pursuing a “satellite model,” which entails listing divisions or partnering with external investors to develop them. SourceContinue Reading
Oceaneering is contracted to supply up to 362 km, or approximately 225 miles, of steel tube and thermoplastic electro-hydraulic umbilicals and associated subsea distribution hardware for use in projects offshore Brazil. SourceContinue Reading
What Does ConocoPhillips’ Marathon Acquisition Mean for the Permian? | OilPrice.com Premium Content By Robert Rapier – Jun 11, 2024, 4:00 PM CDT ConocoPhillips has agreed to acquire Marathon Oil in an all-stock deal valued at $22.5 billion. The acquisition is expected to be immediately accretive to ConocoPhillips’ earnings, cash flow, and return of capital...Continue Reading
Inventories of U.S. Crude Oil & Products Slip | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Related News By Julianne Geiger – Jun 11, 2024, 3:52 PM CDT Crude oil inventories in the United States fell this...Continue Reading
What’s Next for the EU? | OilPrice.com RFE/RL staff RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many… More Info Premium Content By RFE/RL staff – Jun 11, 2024, 3:00 PM CDT The center-right EPP remains the largest group...Continue Reading
