The integrated service offering enhances performance through capacity augmentation to support additional capabilities for oil and gas customers by powering a range of applications, including enterprise-grade solutions for customers’ cloud-based computing services, applications to drive operational efficiency and safety, and enhanced crew welfare offerings.  SourceContinue Reading

New Zealand Seeks To Scrap Exploration Ban to Reverse Gas Decline | 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 12, 2024, 5:00 PM CDT New Zealand proposed a ban...Continue Reading

The MoU establishes a governance platform supporting Petrobras’ and Shearwater’s joint effort to innovate technologies that improve insights to the subsurface and enhance data value, while also reducing the time, cost and environmental impact of seismic acquisition projects. SourceContinue Reading

The acquisition of the shares from Sonangol EP brings SBM Offshore’s ownership in the entities owning the FPSOs Saxi Batuque and Mondo to 100% and in the entity owning the FPSO N’Goma to 80%. The operating companies in Angola will be wholly owned by SBM Offshore after the acquisition. SourceContinue Reading

Wintershall Dea has signed an agreement with PTT Exploration and Production Public Company Limited (PTTEP) on the sale of its 10% participating interest in Abu Dhabi’s Ghasha concession. All the conditions required for closing, including regulatory approvals, have been fulfilled. SourceContinue Reading

U.S. Crude Production Growth Challenges OPEC+ Control Over Prices | OilPrice.com Premium Content By Robert Rapier – Jun 12, 2024, 4:00 PM CDT OPEC+ agrees to extend voluntary production cuts of 2.2 million BPD until the end of 2025, with gradual easing starting in October 2024. The decision aims to stabilize crude prices and balance...Continue Reading

Fed Leaves Rates Unchanged, Plans One Cut This Year | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jun 12, 2024, 3:10 PM CDT The Federal Reserve concluded its two-day policy meeting on Wednesday, leaving interest rates unchanged and indicating that there will be one cut...Continue Reading

Inflation in China is Finally Beginning to Stabilize | OilPrice.com City A.M CityAM.com is the online presence of City A.M., London’s first free daily business newspaper. Both platforms cover financial and business news as well as sport and… More Info Premium Content By City A.M – Jun 12, 2024, 3:00 PM CDT China’s consumer price index...Continue Reading

Matador Resources to Buy More Permian Assets in $1.9B Deal | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jun 12, 2024, 3:00 PM CDT As American shale patch mergers and acquisitions continue in the consolidation frenzy, oil producer Matador Resources Co has struck a deal...Continue Reading

Matador expects to have over 190,000 net acres in the Delaware basin, part of the greater Permian basin, producing over 180,000 boed, with proved reserves exceeding 580 MMboe. The enterprise value of the combined company is projected to exceed $10 billion. SourceContinue Reading