The JF Petroleum Group Acquires General Contractor GE Goodson Service
Following the transaction, GE Goodson will operate as The JF Petroleum Group’s Midland branch on a go-forward basis.
Freeport LNG Gas Consumption Running Near Zero for Fifth Day
Freeport LNG’s liquefaction plant remains mostly offline for a fifth straight day, with gas utilization rates at 125 million cubic feet per day (mmcf/d), or 5% of its fully operational use, data from financial firm LSEG showed on Monday. Freeport LNG has been the second-largest U.S. LNG exporter, with an installed capacity of 15 million …
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U.S. Says it Will Not Renew Easing of Venezuela Oil Sanctions Unless Progress Made on Elections
The U.S. will not renew a temporary license set to expire on Thursday that widely eased sanctions on Venezuela’s oil and gas sector, a State Department spokesperson said, unless progress is made by President Nicolas Maduro on commitments for free and fair elections this year. The U.S. has been concerned about Venezuela’s electoral process and …
Halliburton, Baker Hughes May See Deal Pressure After SLB’s Buying Spree, Industry Experts Say
Investors of Halliburton and Baker Hughes are likely to pile up pressure on the top U.S. oilfield service companies to follow the steps of bigger rival SLB in beefing up their portfolios through deals, industry experts said. SLB made a nearly $8 billion bid for ChampionX earlier this month to add new technology offerings, its …
US Says it Will Not Renew Easing of Venezuela Oil Sanctions Unless Progress Made on Elections
The Biden administration holds out little hope that Maduro will make enough concessions before the April 18 deadline to satisfy U.S. demands.
AVEVA: Immersive Tech, Augmented Reality and What’s New in the Cloud
Rob McGreevy, AVEVA’s chief product officer, talks about technology advancements that give employees on the job training without any of the risks.
New BOEM Regulations Raise Industry Decommissioning Obligations by $6.9B
Under new regulations, the Bureau of Ocean Energy Management estimates the oil and gas industry will be required to provide an additional $6.9 billion in new financial assurances to cover industry decommissioning costs.
Busting Biases, Boosting Innovation – Geoffrey Cann
By Geoffrey Cann Managers in oil and gas rely on various rules of thumb to accelerate decision making, but at times these biases get in the way of making better decisions. Biases that were at one time helpful are now a kind of risk. Killer Biases in Oil and Gas In 2017, I was invited by the International Energy Agency (IEA) …
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What’s Affecting Oil Prices This Week? (April 15, 2024)
While concerns about the stability of oil supply are increasing, Stratas Advisors does not expect oil supply to be disrupted – unless there is further escalation in the Middle East.
Mexico Pacific Appoints New CEO Bairstow
Sarah Bairstow joined Mexico Pacific Ltd. LLC in 2019 and is assuming the CEO role following Ivan Van der Walt’s resignation.