Fracking

Marathon Oil announces agreement to develop

Marathon Oil Corporation, through its affiliated company Marathon E.G. Holding Limited, announced it has signed a Heads of Agreement with the Republic of Equatorial Guinea and Noble Energy E.G. Ltd, a Chevron company, to progress the next phases (Phases II and III) in the development of the Equatorial Guinea Regional Gas Mega Hub. "We are excited about this critical milestone in the ongoing development of Punta Europa as a world-class hub for the monetization of local and regional natural gas," said Lee Tillman, Marathon Oil Chairman, President, and CEO. "This announcement builds on our successful partnership of more than 20 years with the E.G. Government, further leveraging and extending the life of E.G.'s world-class gas monetization infrastructure, including the critical E.G. LNG facility, into the next decade."... > read more

Callon Petroleum Company announces retirement

Callon Petroleum Company has announced L. Richard Flury's intention to retire from the Board of Directors following the 2023 Annual Meeting of Shareholders. "With guidance from Richard's deep experience in the energy industry, Callon has built a high-quality asset base of more than 200,000 gross acres in the leading oil plays in the Permian Basin and Eagle Ford Shale that has allowed us to profitably grow our production throughout his tenure," commented Callon President and Chief Executive Officer Joe Gatto. "Richard's leadership supported Callon through transformational acquisitions that have positioned the Company to execute our "Life of Field" Co-Development model on a deep inventory of high-return projects while preserving balance sheet strength. In addition, his focus on good governance has resulted in a strong and diverse Board that will continue to pursue sustainable value for all stakeholders. We are... > read more

Intertek to Provide Auditing Services

Intertek, a leading Total Quality Assurance provider to industries worldwide, is proud to announce that it is accredited as an MiQ Auditor for the Onshore Production Standard, and will be helping to ensure the transparency, credibility, and independence of methane emissions certification. Methane emissions are proving to be a significant climate risk. At COP26 more than 100 countries agreed to The Global Methane Pledge, a collective effort to reduce global methane emissions by at least 30% from 2020 levels by 2030. As companies search for ways to curb emissions, they also need trusted and consistent emission certification standards by which to measure emissions and benchmark against peers. A leading methane emissions certification standard, MiQ creates incentives for the reduction of methane emissions across the oil and gas sector by delivering a thriving market for independently certified gas... > read more

American Robotics announce

Ondas Holdings Inc. a leading provider of private wireless data, drone, and automated data solutions through its wholly owned subsidiaries, Ondas Networks Inc. and American Robotics, Inc., has announced American Robotics' strategic technology partnership with Infrared Cameras Inc. (ICI), a developer of thermal cameras and infrared systems. Combined with ICI's optical gas imaging (OGI) and thermal sensors, American Robotics' autonomous Scout System drone will be equipped with the technology needed to automate inspection of oil and gas assets and identification of methane leaks. "American Robotics continues to see some of the oil and gas industry's largest companies focus on integrating autonomous drones into their operations to conduct regular site inspections and ensure employee safety," said Reese Mozer, co-founder and CEO of American Robotics. "Through our strategic technology partnership with ICI, we continue to expand our product offerings with... > read more

Brenntag acquires Tech Management

Brenntag, the global market leader in chemicals and ingredients distribution, has announced the acquisition of Tech Management (dba), a leading solutions provider for proprietary formulations and on-site services directly to operators in the energy sector in the Permian Basin. This is the largest energy producing region in North America, fostering Brenntag’s resilience in this market against the background of shifts on the global energy market and will accelerate the creation of a dedicated energy service platform. Steven Terwindt, Member of the Management Board of Brenntag Group and COO Brenntag Essentials: “I look forward to welcoming our new colleagues from Tech Management (dba) to the Brenntag family. The company’s formulation expertise and state of the art laboratory facilities are a welcome addition to Brenntag’s Energy Services business in North America, providing a further pillar to our resilient market offerings in... > read more

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Crescent Point announces acquisition

Crescent Point Energy Corp. is pleased to announce that it has entered into an agreement with Spartan Delta Corp. to acquire...
> read more

Schlumberger and RTI NAS Tech Scale Up

Schlumberger has entered into an agreement with RTI International, a non-profit research institute, to accelerate the industrialization...
> read more

North America Drops Another Rig

North America dropped another rig week on week, according to Baker Hughes’ latest rig count, which was published on October...
> read more

Fracking News

Crescent Point announces acquisition

Crescent Point Energy Corp. is pleased to announce that it has entered into an agreement with Spartan Delta Corp. to acquire ... > read more

Marathon Oil announces agreement to develop

Marathon Oil Corporation, through its affiliated company Marathon E.G. Holding Limited, announced it has signed a Heads of ... > read more

Callon Petroleum Company announces retirement

Callon Petroleum Company has announced L. Richard Flury's intention to retire from the Board of Directors following the 2023 ... > read more

Intertek to Provide Auditing Services

Intertek, a leading Total Quality Assurance provider to industries worldwide, is proud to announce that it is accredited ... > read more

American Robotics announce

Ondas Holdings Inc. a leading provider of private wireless data, drone, and automated data solutions through its wholly owned ... > read more

Brenntag acquires Tech Management

Brenntag, the global market leader in chemicals and ingredients distribution, has announced the acquisition of Tech Management ... > read more

Fracking News

PETRONAS Uses Halliburton Tech

Halliburton Company has said the implementation of the Halliburton Digital Well Program® and Digital Well Operation DecisionSpace® ... > read more

Shale Mogul’s $975 million from BP

Daniel Rice stands to receive about $975 million in cash from the sale of Archaea Energy, a renewable gas giant he helped ... > read more

Schlumberger and RTI NAS Tech Scale Up

Schlumberger has entered into an agreement with RTI International, a non-profit research institute, to accelerate the industrialization ... > read more

Permian Output to Hit Record in November

Oil output in the Permian in Texas and New Mexico, the biggest US shale oil basin, is forecast to rise by about 50,000 barrels ... > read more

Deal to Take Continental Private

Continental Resources has said it has agreed to be taken private by billionaire-founder Harold Hamm in a deal that would ... > read more

BP Targets North Sea and US Shale

BP is targeting the North Sea and US shale basins to boost oil and gas supplies in the short term in response to the global ... > read more

Fracking News

North America Drops Another Rig

North America dropped another rig week on week, according to Baker Hughes’ latest rig count, which was published on October ... > read more

Argentinian Shale’s Bottleneck Problems

Activity levels are at all-time highs in Argentina's prime oil and gas producing region, but equipment and transport bottlenecks ... > read more

Eden’s Reservoir Stimulation Technology

Petroleum Development Oman (PDO) recently contracted with Eden GeoPower, a Massachusetts-based geotechnical firm, for the ... > read more

Blackfoot Drilling License Reinstated

On Friday, September 23, a US federal judge ordered the Biden administration to reinstate a drilling lease that has been ... > read more

Tellurian LNG Project Uncertainty

Tellurian has withdrawn a $1 billion high-yield bond sale, leaving the future of its US natural gas export project in limbo ... > read more

Origin to Quit Controversial Project

Origin Energy boss Frank Calabria has denied investor pressure is prompting the energy giant to accelerate its transition ... > read more

Fracking News

Kinetik and WaterBridge to Join the PSP

The Permian Strategic Partnership (PSP) has said that two new companies, Kinetik and WaterBridge, will join the Partnership, ... > read more

TGS US Gulf of Mexico Amendment Phase II

TGS, a global provider of energy data and intelligence, introduces Amendment Phase II, a continuation of its ultra-long offset ... > read more

EQT Deal Expands Its Marcellus Holdings

EQT Corp, the largest US natural gas producer, agreed to acquire a privately held competitor in a $5.2 billion deal to expand ... > read more

Liberty Energy Deny Energy Transition

On Monday, August 29, Chris Wright, Liberty Energy CEO, told Bloomberg that the US is not in the middle of an energy transition, ... > read more

Shale Output To Remain at Current Level

US shale oil drillers continue to show little sign of responding to high global prices with more production, only now it's ... > read more

Tellurian Announces EnSight Purchase Agreement

Tellurian has announced that its wholly owned subsidiary Tellurian Production (TPC) has entered into an agreement to purchase ... > read more