Varel Energy Solutions (VES) has acquired Ace Well Technology (ACE), an international supplier of oilfield casing, cementing and completion products. The deal will expand VES’ smart completions offerings supporting the offshore and premium market sectors. SourceContinue Reading
The U.S. Chamber’s Global Energy Institute issued a statement regarding the Biden Administration’s plans to restrict offshore oil and natural gas drilling, calling on Congress and the incoming administration to reverse the policy. SourceContinue Reading
TGS, a global provider of energy data and intelligence announced today the launch of the Dawson Phase III 3D multi-client seismic survey in the Western Canadian Sedimentary Basin. SourceContinue Reading
Halliburton and Coterra Energy announced the launch of autonomous hydraulic fracturing technology in North America with the Octiv® Auto Frac service, which is part of the ZEUS platform. SourceContinue Reading
The Independent Petroleum Association of America (IPAA) have responded to the announcement of the Biden Administration’s plan to remove millions of acres of U.S. oceans from potential oil and gas drilling. SourceContinue Reading
(Bloomberg) – Oil extended a rally that has brought it to the highest in more than two months as shrinking U.S. crude stockpiles and a risk-on tone in broader markets overshadowed signs of a misfiring Chinese economy. SourceContinue Reading
Egypt President Abdel Fattah El-Sisi has emphasized the importance of developing newly discovered wells and including them in the nation’s production plan, as well as intensifying exploration activities in Egypt’s onshore and offshore areas. SourceContinue Reading
The American Petroleum Institute (API) has released a statement regarding the U.S. Department of the Treasury’s final regulations for the Section 45V Clean Hydrogen Production Tax Credit. SourceContinue Reading
Drilling Tools International (DTI) announced their completed successful acquisition of Titan, a UK-based downhole tool rental company. The acquisition strengthens DTI’s presence in the North Sea, European and African markets. SourceContinue Reading
The Independent Petroleum Association of America (IPAA) today shared unfortunate news of the passing of Steven B. Hinchman (Steve), the association’s 43rd Chairman of the Board, and steadfast leader during challenging times. SourceContinue Reading
