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U.S. Heavy Oil Prices Rise as Market Braces for Mexico Supply Hit
August 26, 2021
Prices of heavy sour crude oil grades have been rising in the U.S. Gulf Coast, traders said, as the market braces for a disruption of supplies from Mexico in the wake of a fire that has cut state-run Pemex’s oil
BHP to Merge Petroleum Assets with Woodside in $29 Billion Deal
August 25, 2021
BHP Group has signed a merger commitment deed with Woodside Petroleum to combine its oil and gas business with the latter to create a A$41 billion ($29.8 billion) energy company. A sales and purchase agreement (SPA) in this regard is
Five Fatalites, Six Injured in Fire Accident at PEMEX Operated Offshore Platform, Mexico
August 25, 2021
Petróleos Mexicanos (PEMEX) said that a fire accident at an offshore platform operated by the company in the southern Gulf of Mexico has killed five people and injured six. Two personnel were reported to be missing following the incident that
Federal Judge Vacates Approvals of ConocoPhillips’ Willow Oil Project, Alaska
August 25, 2021
A federal judge in Alaska has vacated the U.S. government’s approval granted to ConocoPhillips’ Willow Oil Project in the National Petroleum Reserve on Alaska’s North Slope, owing to environmental concerns. Judge Sharon Gleason in the U.S. District Court for the
Brookfield Wins Shareholder Support for Multibillion-dollar Takeover of Inter Pipeline
August 24, 2021
Brookfield Infrastructure Partners LP has won enough shareholder backing to push ahead with its C$8.6 billion ($6.7 billion) takeover of Inter Pipeline Ltd. Inter Pipeline shareholders agreed to tender 65.6 percent of the common stock not already held by Brookfield
TXOGA: Another Day, Another Misleading Study on Flaring from Earthworks
August 24, 2021
Earthworks recently published a “study” about flaring which included a recommendation to “stop permitting new oil and gas facilities.” Period. Ending oil and natural gas development, entirely, is this organization’s aim and this misleading study is the latest in its
Neil Chatterjee Set to Depart FERC on Aug. 30, Leaving 2-2 Voting Split
August 24, 2021
Federal Energy Regulatory Commission member Neil Chatterjee will step down from his post Aug. 30, he announced on Twitter, leaving the key energy regulator with a 2-2 Democrat-to-Republican split. “I will continue to carry out my responsibilities until that date.
U.S. Energy Development Corporation Acquires $14.1 Million Asset in the Permian Basin
August 20, 2021
U.S. Energy Development Corporation announced its most recent acquisition in the Permian Basin for $14.1 million, bringing the firm’s total investments to $86 million within the past year. The new project is located in Reeves County, Texas in the core
Schlumberger Introduces Autonomous Directional Drilling
August 20, 2021
Schlumberger has introduced Autonomous Directional Drilling, which includes solutions to steer autonomously through any section of the wellbore. Leveraging an intelligent and dynamic downhole automated control system that instantly interprets and acts on data, Schlumberger continues to advance its digital
Halliburton SmartFleet Technology Enables Real-Time Fracture Control in the Permian Basin
August 20, 2021
Halliburton Company has successfully executed its SmartFleet™ intelligent fracturing system with a major operator in the Permian Basin. “We view the SmartFleet system as a tool that provides valuable insights into subsurface fracture placement. These insights lead to informed decisions
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