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PakEnergy Acquires Plow Technologies, Expanding Suite of Optimization Solutions
August 22, 2024
PakEnergy has acquired Plow Technologies. Plow Technologies is a leading provider of digital automation and cloud/SCADA software, including its industry-recognized OnPing platform. The acquisition further strengthens PakEnergy’s comprehensive software suite and enhances the company’s ability to provide end-to-end systems that
Salunda and Intellilift Partner to Optimize Automation in Well Construction
August 22, 2024
Salunda, the global leader in digitized solutions for safety critical industries, has signed an agreement with technology services provider Intellilift to increase safety and efficiency in well construction. The agreement, which solidifies a long-term partnership between the two companies, was
Top U.S. Oilfield Firm Halliburton Hit by Cyberattack
August 22, 2024
U.S. oilfield services firm Halliburton on Wednesday was hit by a cyberattack, according to a person familiar with the matter. Halliburton said it was aware of an issue affecting certain systems at the company and was working to determine the
NextDecade Withdraws Carbon Capture and Storage Application at FERC
August 21, 2024
NextDecade Corporation said its subsidiary Rio Grande LNG withdrew its application at the Federal Energy Regulatory Commission (FERC) for the proposed carbon capture and storage (CCS) project at the Rio Grande LNG facility and requested that the FERC terminate the
DOI Invests $775 Million for States to Plug Orphaned Oil and Gas Wells
August 21, 2024
The Department of the Interior has made available $775 million for 21 states to clean up legacy pollution through the Investing in America agenda. These historic resources to clean up orphaned oil and gas wells and well sites — of
DOE Launches $54.4 Million FOA to Expand Portfolio of Carbon Management Technologies
August 21, 2024
The U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) said it will make up to $54.4 million in additional funding available to advance diverse carbon management approaches that reduce carbon dioxide (CO₂) pollution. The funding
Eni Starts Gas Production from Argo Cassiopea Field, Strait of Sicily
August 21, 2024
Eni has started gas production from the Argo Cassiopea field, the most important gas development project in Italy. The gas, coming from one of the four subsea wells drilled in recent months in the Strait of Sicily, has been transported
Imperial Oil Appoints Cheryl Gomez-Smith as Senior Vice President, Upstream
August 21, 2024
Imperial Oil said it has appointed Cheryl Gomez-Smith as senior vice president, Upstream. Ms. Gomez-Smith, currently director of safety and risk, ExxonMobil Global Operations and Sustainability, succeeds Simon Younger, who has been appointed lead country manager and general manager Australia
Quantum Capital Group Acquires Assets from Caerus Oil and Gas for $1.8 Billion
August 20, 2024
Quantum Capital Group and Caerus Oil and Gas have closed on a transaction where Quantum, via two separate portfolio companies, has acquired Caerus’ oil and gas operations for approximately $1.8 billion. Caerus is owned by a private investor group including
New Fortress Energy Resumes Production at Fast LNG Asset After Scheduled Maintenance Outage
August 20, 2024
New Fortress Energy said the scheduled maintenance outage of its 1.4 MTPA Fast LNG 1 asset located offshore Altamira, Mexico (FLNG) has been completed, and the FLNG unit has returned to production as scheduled this morning. This planned outage followed
