E&P Highlights: Aug. 26, 2024
Here’s a roundup of the latest E&P headlines, with Ovintiv considering selling its Uinta assets and drilling operations beginning at the Anchois project offshore Morocco.
Energy Transition in Motion (Week of Aug. 23, 2024)
Here is a look at some of this week’s renewable energy news, including a promising outlook for global offshore wind capacity.
FourPhase Secures Three New Contracts in UK and UK Continental Shelf
The contracts include coiled tubing and de-sanding services for operators in the U.K. Continental Shelf.
Oil Settles $1 Down After US Job Data Revised Significantly Lower
U.S. employers added far fewer jobs than originally reported in the year through March, the Labor Department said on Aug. 21.
Energy Transition in Motion (Week of Aug. 16, 2024)
Here is a look at some of this week’s renewable energy news.
Viaro Energy to Buy Shell, Exxon’s North Sea Assets
When the transaction is completed, Viaro Energy will control 11 fields that produced 28,000 boe/d in 2023, 5% of the U.K.'s total gas production.
H&P’s $2B KCA Deutag Deal Positions Driller as Global Powerhouse
Helmerich & Payne’s acquisition of U.K. service company KCA Deutag will expand its international reach, particularly in the Middle East, as well as its onshore presence in the U.S.
Safeguarding the Trend of Accelerating CCUS Adoption
Policy pushes meet industry pull, positioning CCUS for takeoff.
Redwheel Broadening Sustainable Portfolio with Ecofin Deal
Investment manager Redwheel agreed to purchase London-based Ecofin’s assets, which reached approximately $1.4 billion as of May 31.
ChampionX Closes Acquisition of Artificial Lift Company RMSpumptools
ChampionX, which is being acquired by SLB for $7.7 billion, bought RMSpumptools Ltd. for about $110 million.