OPEC+’s oil-output hikes are part of a Saudi strategy that will see the kingdom embark on a long but shallow price war designed to recapture market share, Bank of America Corp.’s head of commodities research said. SourceContinue Reading
The chances that a rival oil company will take over bp Plc are slim right now, even as peers have been running the numbers, because of the firm’s size and complexity, said bankers from Moelis & Co. SourceContinue Reading
Halliburton will deliver a rigless intervention framework that enables Repsol Resources UK to optimize well construction, production and intervention to maximize plug and abandonment (P&A) operations. SourceContinue Reading
Baker Hughes has reached an agreement to sell its Precision Sensors & Instrumentation (PSI) product line to Crane Company, a diversified manufacturer of engineered industrial products, for a total cash consideration of approximately $1.15 billion. SourceContinue Reading
The Global Energy Show Canada (GESC) takes place in Calgary this week June 10 – 12, bringing together industry leaders to tackle energy security, climate responsibilities and global demand challenges. “This year’s show marks a significant evolution, both in scale and substance,” said Nick Samain of dmg events. SourceContinue Reading
American Petroleum Institute (API) President and CEO Mike Sommers issued a statement following the National Highway Traffic Safety Administration’s final rule declaring the Biden-era Corporate Average Fuel Economy (CAFE) standards exceeded the department’s authority. SourceContinue Reading
TotalEnergies SE is looking to sell a 50% interest in a large portfolio of renewable assets in the U.S. and is considering a similar stake sale for a smaller group of solar farms in Spain, according to people familiar with the matter. SourceContinue Reading
Kongsberg Maritime has announced a partnership with Solstad, Østensjø, DeepOcean, and Remota that will launch a pilot project to explore the potential for remote Dynamic Positioning (DP) operations in the offshore sector. SourceContinue Reading
Kongsberg Maritime has announced a partnership with Solstad, Østensjø, DeepOcean, and Remota that will launch a pilot project to explore the potential for remote Dynamic Positioning (DP) operations in the offshore sector. SourceContinue Reading
Kongsberg Maritime has announced a partnership with Solstad, Østensjø, DeepOcean, and Remota that will launch a pilot project to explore the potential for remote Dynamic Positioning (DP) operations in the offshore sector. SourceContinue Reading
