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Core Lab, Halliburton Collaborate to Integrate Digital Rock Capabilities with Lab Measured Data
October 19, 2023
Halliburton Company and Core Laboratories have entered into a strategic collaboration in the U.S. to compress the delivery time of cutting-edge comprehensive digital rock data solutions from months to weeks, even while full petrophysical laboratory measurements are in progress. This
Tourmaline Oil to Acquire Rival Canadian Firm Bonavista Energy for $1 Billion
October 18, 2023
Tourmaline Oil has agreed to acquire rival Canadian oil and gas firm Bonavista Energy in a cash and stock deal worth $1.06 billion (C$1.45 billion) as part of its consolidation strategy in Western Canada’s Deep Basin. As per the share
Industry Groups Outline Solutions to Improve Accuracy, Feasibility of Proposed Subpart W GHG Rule
October 18, 2023
The American Petroleum Institute (API) urged the Biden administration to revise the proposed Subpart W greenhouse gas (GHG) reporting rule so that it reflects the progress industry has made to reduce emissions, increases transparency and accuracy of reporting, and incentivizes
Canada’s Supreme Court Backs Alberta Challenge to Trudeau Environment Law
October 18, 2023
Canada’s Supreme Court dealt a blow to Prime Minister Justin Trudeau’s government on Friday by ruling that a federal law assessing how major projects such as coal mines and oil sands plants impact the environment is largely unconstitutional. The decision
Halliburton Launches FlexRite® Multilateral System to Maximize Reservoir Contact
October 17, 2023
Halliburton Company has introduced the FlexRite® Selective Access multilateral completion system to address more complex and demanding well scenarios. Multilateral systems maximize reservoir contact, creating cost and time savings while also reducing the environmental footprint. The FlexRite Selective Access system
Chevron Stops Production at Tamar Offshore Platform in Israel Following Hamas Attacks
October 17, 2023
Chevron said it stopped producing at one of its offshore natural gas platforms in the eastern Mediterranean Sea following attacks on Israel by the Palestinian militant group Hamas. The oil giant said it shut in its Tamar production platform after
API: New Analysis Finds Gulf of Mexico Restrictions Diminish Energy Security, Hinder Economic Growth
October 17, 2023
The American Petroleum Institute (API) has released a new analysis that outlines the potential consequences of new vessel restrictions on American oil and gas workers in the U.S. Gulf of Mexico. The study, conducted by EIAP, finds that recently proposed
Energy Transition Outlook: Renewables Still Not Replacing Fossil Fuels
October 17, 2023
Over the last five years fossil fuels have met only half of the new demand for energy globally, despite a rapid buildout of renewable capacity, according to DNV’s Energy Transition Outlook. The report finds that between 2017-2022 renewables met 51
U.S. Drillers Add Most Oil Rigs in a Week Since March
October 16, 2023
U.S. energy firms last week added the most oil rigs since March, boosting the oil and gas rig count for the first time in four weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The
Court Halts Phillips 66’s Biofuel Refinery Megaproject Operations in Bay Area, California
October 16, 2023
U.S.-based petroleum refinery company Phillips 66 has been ordered by the Contra Costa County Superior Court to halt its plans related to a new biofuel refinery in Rodeo, California. Communities for a Better Environment and the Center for Biological Diversity
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