A new study indicates that unnecessary growth in the number of processes and procedures and lack of equipment reliability are the biggest concerns for maintenance managers in the oil and gas industry. SourceContinue Reading
Warren Buffett’s Berkshire Hathaway Inc. won approval from U.S. regulators to buy as much as 50% of Occidental Petroleum Corp. after spending months acquiring its shares. Occidental’s shares surged on news of the authorization. SourceContinue Reading
Businesses are burning coal and even oil to keep power stations and factories running while cleaner-burning natural gas becomes increasingly scarce. The situation threatens to push up Europe’s carbon footprint this year. SourceContinue Reading
Touchstone Exploration Inc. announced that the company received the Certificate of Environmental Clearance it needed to conduct development operations within the Cascadura area of the Ortoire block. SourceContinue Reading
Enbridge Inc. won a battle in its fight with Michigan’s governor to keep its Line 5 pipeline operating after a judge ruled the legal battle over the oil conduit belongs in federal court. SourceContinue Reading
South Africa expects TotalEnergies SE to submit a production plan within weeks to utilize a prolific offshore gas discovery that will form a key part of increasing investment in the sector. SourceContinue Reading
Tellurian Inc. announced that its subsidiary, Tellurian Production, closed on its previously announced acquisition of $125.5 million worth of assets in the Haynesville shale basin. SourceContinue Reading
President Joe Biden won temporary permission to once again pause energy leasing on federal lands and waters, after a U.S. appeals court found a trial judge’s order against the moratorium too vague to review. SourceContinue Reading
National Oil Company Petrobras is focusing on output growth from pre-salt, following a trend of Brazilian oil independents raising output at fields the NOC already divested, Petroleum Economist reported. SourceContinue Reading
