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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

PETRONAS Uses Halliburton Tech

Halliburton Company has said the implementation of the Halliburton Digital Well Program® and Digital Well Operation DecisionSpace® 365 cloud solutions are the foundation for PETRONAS enterprise digital Well Integrated Operation (WIO). The selection marks the culmination of a two-year technology assessment with multiple technology providers. The Halliburton Digital Well Program empowers drilling teams to generate technically and economically feasible notional drilling programs in a matter of hours. The first part of WIO will focus on integrating the front-end engineering workflows, which will address the current working challenges and increase process cycle efficiency. It provides engineers with a web-based, interactive, standardized, and automated solution that integrates all relevant information on a single platform to ensure optimal well design without compromising any existing technical assurance processes... > 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 create from a blank check company, according to Bloomberg’s calculations based on company filings. Rice, 41, is one of the self-described “shalennial” brothers who took the reins of EQT Corp, the largest driller of natural gas in the US, after a proxy fight in 2019. In 2020, he raised $237 million through the initial public offering of a special purpose acquisition company, which then acquired and combined producers of so-called renewable natural gas to form Archaea. Renewable gas, which can include things like landfill gas or biogas from animal waste, captures methane before it enters the atmosphere as a far more powerful global warming agent than carbon dioxide. It’s seen as a cleaner alternative to conventional gas even as it still emits CO2 when burnt. BP has agreed to pay $26 per share... > 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 value the US shale producer at about $27 billion. Fracking pioneer Hamm has offered $74.28 per share for the stake not owned directly or indirectly by him and the Hamm family. The latest offer is 6.1 percent higher than the original proposal of $70 made in June. Smead Capital Management, the largest shareholder after the Hamm family with around two percent, had said in June the original offer "undervalues" the company. The company's shares jumped more than eight percent to $73.88 in premarket trading. Hamm founded Continental - the largest oil and gas producer in the Bakken shale - as Shelly Dean Oil Company in 1967 and ran it as a private firm until 2007. In a letter to employees in June detailing his offer, Hamm lamented that the public markets... > read more
Top Three Featured Fracking Articles
Schlumberger and RTI NAS Tech Scale Up

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 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
Eden’s Reservoir Stimulation Technology

Eden’s Reservoir Stimulation Technology

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

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 acquires Tech Management

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

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

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 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

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
Fracking News
Deal to Take Continental Private

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 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
North America Drops Another Rig

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

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

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

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
Fracking News
Tellurian LNG Project Uncertainty

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 to Quit Controversial Project

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

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 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 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

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
Fracking News
Shale Output To Remain at Current Level

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 Announces EnSight Purchase Agreement

Tellurian has announced that its wholly owned subsidiary Tellurian Production (TPC) has entered into an agreement to purchase ... > read more
North American shale operators’ ESG focus

North American shale operators’ ESG focus

Rystad Energy has evaluated the ESG performance of a peer group of 43 public oil and gas producers in the US and Canada, ... > read more
US Considering ConocoPhillips’ Project

US Considering ConocoPhillips’ Project

The Biden administration has unveiled an environmental analysis for ConocoPhillips' planned $6 billion Willow oil and gas ... > read more
Halliburton Introduces Hedron PDC Bits

Halliburton Introduces Hedron PDC Bits

Halliburton Company introduced the new Hedron™ platform of fixed cutter polycrystalline diamond compact (PDC) drill bits. ... > read more
Re-fracs Cheap Way To Lift US Oil Output

Re-fracs Cheap Way To Lift US Oil Output

US shale oil producers are returning to existing wells and giving them a second, high-pressure blast to lift output for a ... > read more