E&P Highlights: April 22, 2024
Here’s a roundup of the latest E&P headlines, including a standardization MoU and new contract awards.
BP Restructures, Reduces Executive Team to 10
BP said the organizational changes will reduce duplication and reporting line complexity.
PGS, TGS Merger Clears Norwegian Authorities, UK Still Reviewing
Energy data companies PGS and TGS said their merger has received approval by Norwegian authorities and remains under review by the U.K. Competition Market Authority.
Plus 16 Bcf/d: Power Hungry AI Chips to Amp US NatGas Draw
Top U.S. natural gas producers, including Chesapeake Energy and EQT Corp., anticipate up to 16 Bcf/d more U.S. demand for powering AI-chipped data centers in the coming half-dozen years.
Energy Transition in Motion (Week of April 5, 2024)
Here is a look at some of this week’s renewable energy news, including the U.S. Environmental Protection Agency’s $20 billion ‘green bank.’
E&P Highlights: April 1, 2024
Here’s a roundup of the latest E&P headlines, including new contract awards.
ChampionX to Acquire RMSpumptools, Expanding International Reach
ChampionX said it expects the deal to extend its reach in international markets including the Middle East, Latin America and other global offshore developments.
NZT Power, NEP Pick Contractors for Teesside-based Decarbonization Projects
About $5.1 billion in work will go to the contractors once projects reach FID, which is expected in September.
Energy Transition in Motion (Week of March 8, 2024)
Here is a look at some of this week’s renewable energy news, including a record-setting 2023 for U.S. solar.
Oil Rises After OPEC+ Extends Output Cuts
Rising geopolitical tensions due to the Israel-Hamas conflict and Houthi attacks on Red Sea shipping have supported oil prices in 2024, although concern about economic growth has weighed.