Varel Energy Solutions (VES) announced it has acquired Sledgehammer Oil Tools, an international leader in the supply of oilfield casing, cementing and completion products. SourceContinue Reading
Abu Dhabi National Energy Company PJSC (TAQA), one of the largest utilities in Europe Middle East and Africa, completed the strategic review of its oil and gas business announced in September 2021. SourceContinue Reading
North Sea-focused oil and gas operator Ithaca Energy announced that its acquisition of Siccar Point Energy, an Aberdeen-based energy company, has been completed with all conditions having been met. SourceContinue Reading
U.K. Prime Minister Boris Johnson urged Saudi Arabia to ramp up oil production, seeking to cool record fuel prices in an echo of comments last week from President Joe Biden. SourceContinue Reading
Norway approved higher production from key natural-gas fields in an effort to maintain record exports as Europe reels from cuts in Russian supply. SourceContinue Reading
CGG announced today that Sercel, its Sensing & Monitoring division, was selected as the successful bidder for the acquisition of ION Geophysical Corporation’s (ION) software business. SourceContinue Reading
Industry groups reacted to the Department of Interior’s release of its five-year offshore drilling plan that seeks to block new offshore drilling in the Atlantic and Pacific oceans, saying it would be an overall disadvantage to America and its energy security. SourceContinue Reading
India’s windfall tax on domestic crude oil production and fuel exports may help the government bring in 1 trillion rupees ($12.7 billion) in revenues, Press Trust of India reported. SourceContinue Reading
President Joe Biden said he’ll ask U.S. allies in the Persian Gulf region to boost oil production when he meets with them during a trip to Saudi Arabia next month, one of the key avenues he has to address surging inflation costs at home. SourceContinue Reading
The U.S. Supreme Court restricted the Environmental Protection Agency’s authority to curb greenhouse gases from power plants, siding with coal-mining companies and Republican-led states in a blow to President Joe Biden’s climate-change agenda. SourceContinue Reading
