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Online Oilfield Equipment Auction Features Gas Compressors, Generators, Drill Bits, Downhole Tools
July 25, 2024
More than 70 gas compressor packages, downhole and fishing tools, and other oilfield and heavy equipment assets are available in an online auction that closes on July 30th. Tiger Group and Liquidity Services are conducting the sale, which boasts more
SLB Collaborates with Aker BP on AI-driven Digital Platform
July 25, 2024
SLB and Aker BP have agreed a long-term partnership to co-develop an AI-driven digital platform for Aker BP to accelerate innovation and deliver substantial efficiency improvements across the company’s E&P operations. The new platform will leverage the Delfi™ digital platform
Weatherford Appoints Steven Beringhause to Its Board of Directors
July 25, 2024
Weatherford International said its board of directors has appointed Steven Beringhause as a director with a term expiring at the 2025 annual meeting of shareholders. His appointment is effective July 23, 2024, and will increase the size of the company’s
EQT Closes $5.45 Billion Acquisition of Equitrans Midstream
July 24, 2024
EQT Corporation said it has closed its acquisition of Equitrans Midstream. “We are excited to complete this highly strategic transaction significantly ahead of our original timeline, and welcome both Equitrans employees and shareholders to EQT. The early close resulted in
Milestone Capital Enters Pipe Coating Industry with Acquisition of MCIP Industrial Enterprises
July 24, 2024
Milestone Capital, in collaboration with D2 Equity Capital, has acquired a majority interest in a newly formed entity specifically created to acquire the assets of MCIP Industrial Enterprises Corp. This acquisition includes MCIP’s pipe coating plants in Pearland, Texas and
Energean Makes FID on Its Katlan Development Project, Offshore Israel
July 24, 2024
Energean has taken final investment decision (FID) for the Katlan development project in Israel. The Katlan area will be developed in a phased approach through a subsea tieback to the existing Energean Power FPSO. The development will extend the production
Oil India Appoints Saloma Yomdo as Director of Exploration and Development
July 24, 2024
Oil India Limited (OIL), India’s youngest Maharatna CPSE, has appointed Saloma Yomdo as its new director of exploration & development. Saloma Yomdo, an alumnus of the Indian Institute of Technology (Indian School of Mines) with a degree in Petroleum Engineering,
TC Energy’s $15 Billion Keystone XL Claim Thrown Out by Trade Tribunal
July 23, 2024
TC Energy Corp., the Canadian company behind the ill-fated Keystone XL pipeline, has suffered a major blow after a trade tribunal tossed out its claim to $15 billion in damages. The Calgary-based company launched the claim in 2021 to seek
Manchin, Barrasso Release Bipartisan Energy Permitting Reform Legislation
July 23, 2024
U.S. Senators Joe Manchin (I-WV) and John Barrasso (R-WY), Chairman and Ranking Member of the Senate Energy and Natural Resources Committee, released the Energy Permitting Reform Act of 2024. This bipartisan legislation will strengthen American energy security by accelerating the
New Fortress Energy Achieves First LNG at Its Fast LNG Asset, Offshore Mexico
July 23, 2024
New Fortress Energy (NFE) has achieved first LNG for its initial Fast LNG asset located offshore Altamira, Mexico (FLNG). With this significant milestone, FLNG establishes itself as the fastest large-scale LNG project ever developed. NFE’s proprietary Fast LNG design is
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