E&P Highlights: Aug. 12, 2024
Here’s a roundup of the latest E&P headlines, with a major project starting production in the Gulf of Mexico and the latest BLM proposal for oil and gas leases in North Dakota.
Energy Transition in Motion (Week of Aug. 9, 2024)
Here is a look at some of this week’s renewable energy news.
International, Tech Drive NOV’s 2Q Growth Amid US E&P Headwinds
Despite a U.S. drilling slowdown, slightly offset by Permian Basin activity, NOV saw overall second-quarter revenue grow by 6%, although second-half 2024 challenges remain in North America.
Despite Slowing NAM Activity, Weatherford Declares First-ever Dividend
Weatherford reported a softer North America market but strong overseas growth, leading the company’s board to authorize its first share buyback program and first quarterly dividend.
Offshore, Middle East Buoys SLB’s 2Q as US Land Revenue Falls
Driven by a strong offshore market and bolstered by strategic acquisitions and digital innovation, SLB saw a robust second quarter offset by lower drilling revenue in the U.S.
Energy Transition in Motion (Week of July 19, 2024)
Here is a look at some of this week’s renewable energy news, including the launch of the California hydrogen hub.
Exxon Mobil Selling Malaysia Oil, Gas Assets to Petronas - Sources
Exxon Mobil, which last year marked its 130th year in Malaysia, has been trying to sell its upstream assets in the country since 2020.
WoodMac: Are MidEast, Asia NOCs Poised For M&A Resurgence?
International M&A spend by national oil companies (NOCs) has dwindled from nearly 50% to less than 5% today. But Wood Mackenzie researchers see NOCs playing a larger role in international M&A in the future.
Southeast Asia NatGas Projects Could Unlock $100B Boom- Rystad
Southeast Asia's offshore gas industry is set for a $100 billion boom by 2028, driven by a flurry of final investment decisions by oil and gas majors and national oil companies, according to Rystad Energy.
E&P Highlights: July 15, 2024
Here’s a roundup of the latest E&P headlines, including Freeport LNG’s restart after Hurricane Beryl and ADNOC’s deployment of AI-powered tech at its offshore fields.