The Forum Energy Technologies (FET) Subsea product line has secured a contract to provide two work class remotely operated vehicles (ROVs) to CCC Underwater Engineering (CCC UE), the UAE-based offshore construction organization. SourceContinue Reading
Shell Plc denied a Wall Street Journal report that it is in active talks about acquiring its London-based oil rival bp Plc. “This is further market speculation. No talks are taking place,” a Shell spokesperson said. SourceContinue Reading
Enverus has released its annual list of the most prolific 100 private oil and gas producers in the U.S. based on gross operated production, well count and rig movements across last year. Continental Resources remains in the top position, with Mewbourne Oil and Aethon Energy taking second and third place, according to Enverus. SourceContinue Reading
Enverus has released its annual list of the most prolific 100 private oil and gas producers in the U.S. based on gross operated production, well count and rig movements across last year. Continental Resources remains in the top position, with Mewbourne Oil and Aethon Energy taking second and third place, according to Enverus. SourceContinue Reading
Israel ordered the resumption of production at its biggest natural gas field following a truce in hostilities with Iran, setting the stage for higher exports to Egypt. Chevron is working to resume regular production within a few hours, sources said. SourceContinue Reading
BP Prudhoe Bay Royalty Trust is marketing its overriding royalty interest (ORRI) in Alaska’s Prudhoe Bay field—the most prolific conventional oil field in North America—as part of a planned dissolution of the Trust. SourceContinue Reading
Diversified Energy and global investment firm Carlyle have announced a strategic partnership to invest in up to $2 billion in existing proved developed producing (PDP) natural gas and oil assets across the U.S. SourceContinue Reading
Øgreid AS has entered an agreement to acquire 100% of the shares of Ramco Norway from the UK-based company Ramco Pipetech Holdings Ltd. Ramco is an expert in the care and maintenance of Oil Country Tubular Goods (OCTG). SourceContinue Reading
BP Prudhoe Bay Royalty Trust is marketing its overriding royalty interest (ORRI) in Alaska’s Prudhoe Bay field—the most prolific conventional oil field in North America—as part of a planned dissolution of the Trust. SourceContinue Reading
The latest price slump brings the market back to where it was before Israel attacked Iran on June 12. Traders are now refocusing on a looming surplus later in the year, with a supply surge from producers both inside and outside the OPEC+ alliance set to outpace growth in demand. SourceContinue Reading
