This agreement secures a long-term supply of sand from the mine, with U.S. Silica processing and supplying sand to Pioneer for 15 years.
The new business reality of the oil and gas industry requires a constellation of collaborators, says EY analyst.
The government said last week it expects to hit peak oil output of 350,000 barrels per day (bbl/d) by mid-2019 as production ramps up at oil fields that were offline due to the violence.
The deal was signed in Beijing on the margins of the ongoing China-Africa forum on cooperation, which is being attended by Uganda’s President Yoweri Museveni.
It is the first of three major offshore expansions in Saudi Arabia and the company’s largest upstream development project this year.
Israel’s Ratio Oil Exploration signed a long-awaited deal on Sept. 4 to search for oil and gas in the Philippines, a spokesman for Philippines President Rodrigo Duterte said.
Stable oil prices and streamlined projects costs were among the reasons that the two companies had to join forces.
Petrobras said Vantage Drilling's arbitration proceedings against the company relates to a contract that was canceled as part of "Car Wash."
The overall goal of the collaboration between Aker BP, Cognite and Framo is to change the traditional approach to maintenance.
Wood will deploy its integrated maintenance database to build Total’s SAP maintenance management system.