Apache Corporation announced in June the opening of the Apache Corporation Tree Grant Program application for the 2023-2024 planting season. Last year, the program reached a significant milestone with the donation of its 5 millionth tree since the program’s launch in 2005. Over the last 18 years, the program has partnered with over 900 nonprofit […]
Big Oil is Back Buying Upstream Assets
by Simon Flowers, Greig Aitken, and Scott Walker, of Wood Mackenzie Upstream M&A activity is inversely correlated to commodity price volatility. The extreme movements in gas and oil prices killed dealmaking last year, with buyers and sellers unable to align on price. This year, prices are more settled and M&A activity, while still at relatively […]
The $100/bbl Clock is Ticking
Enverus Intelligence Research (EIR), a subsidiary of Enverus, an energy-dedicated SaaS platform, continues to point to all-time high global oil demand, insufficient North American supply growth, and OPEC intervention as key drivers that will push Brent prices to $100/bbl in 4Q23. “We believe that oil markets are largely balanced and that we’re headed for material crude […]
North America to Lead Small-Scale LNG Liquefaction Capacity Additions
North America is expected to witness the highest small-scale LNG liquefaction capacity additions globally during 2023-2027, contributing about 32 percent of the total global small-scale LNG liquefaction capacity additions by 2027, forecasts GlobalData, a data and analytics company. GlobalData’s latest report, “Small-Scale LNG Liquefaction Capacity and Capital Expenditure (CapEx) Forecast by Region, Key Countries, Companies, and […]
Purchase of Spinnaker Oilwell Services Expands RPC’s Cementing Service
RPC, Inc., announced the acquisition, effective July 1, of Spinnaker Oilwell Services, LLC, a provider of oilfield cementing services in the Permian and Mid-Continent basins. Spinnaker, headquartered in Oklahoma City, Okla., operates facilities located in El Reno, Okla., and Hobbs, N.M., and maintains 18 full-service cementing spreads. The purchase price was $79.5 million in exchange for 100 percent of Spinnaker’s equity. The transaction […]
Express Your Opinion on the Dunes Sagebrush Lizard
The U.S. Fish and Wildlife Service recently announced that they are seeking public input on a proposal to list the dunes sagebrush lizard as endangered under the Endangered Species Act. The Service encourages any interested parties to provide input and substantive comments during the 60-day public comment period that closes September 1, 2023. The notice […]
Halliburton and Nabors Collaborate on Leading Well Construction Automation
Halliburton Company and Nabors Industries announced on June 19 an agreement on leading well construction automation solutions. Under the agreement, Halliburton and Nabors will collaborate together on their technologies including the Halliburton Well Construction 4.0 digital surface and subsurface drilling technologies, the LOGIX Autonomous Drilling Platform, and the Nabors SmartROS universal rig controls and automation platform and RigCLOUD high-performance digital […]
LNG Transfer System Achieves Efficiencies
By John de Viet, Solutions Development and Sales Support Manager at KROHNE With the skyrocketing cost of fuel, the impacts of any mistakes made while loading and unloading liquid natural gas (LNG) carriers is increasing. This makes it even more important for plant and instrumentation managers to have access to the most accurate measurement tools. New automated […]
Clays and Cookery Come ‘Round Again
It happens only once a year, and the date fast approaches. The Permian Basin Petroleum Association’s Sporting Clay Shoot and Pit King Challenge comes to Jake’s Clays in Midland, Texas, Aug. 11. The occasion features a morning clay shoot followed by a delicious BBQ pit cook-off lunch. This event affords a great way to meet fellow […]
Fitch: New EPA Emissions Standards May Pressure Power Project Ratings
The U.S. Environmental Protection Agency’s (EPA) recently proposed guidance for limiting greenhouse gas emissions from coal and gas-fired power plants could result in material compliance costs and erode operating margins for power generators reliant on fossil fuels, according to Fitch Ratings. In May, the EPA proposed new carbon emissions restrictions that would require phased-in implementation […]
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