This post was originally published on this site Total oil & gas industry M&A deals worth $15.3bn were announced globally in April 2021, led by Pioneer Natural Resources’ $6.2bn acquisition of DoublePoint Energy, according to GlobalData’s deals database. google.charts.load(‘current’, {packages:[‘corechart’, ‘bar’]});google.charts.setOnLoadCallback(drawBasic_Template1_Monthly_April_2021_Oil_gas__M_A___);var options={title:’ M&A deals in oil & gas industry – April 2021′, chartArea:{width:’50%’}, hAxis:{title:’Deal Volume’,

This post was originally published on this siteThe Qatar Shell gas-to-liquids (GTL) project got off to a good start on 14 February 2005 with the spudding of the first of two appraisal wells in Qatar’s massive North Field. This is the largest gas field in the world, and Shell expects to produce 1.6 billion standard

This post was originally published on this siteIn September 2004, Hurricane Ivan taught the industry that it has much to learn about designing and building the rigs and platforms left behind to face the ravages of high winds and crushing waves. It is especially important as exploration pushes into new terrain, and as deepwater drilling

This post was originally published on this siteI came to work for Yukos in Russia in 2003. That was after a number of years of increasing exposure to doing business in Russia when I was hearing and seeing a lot of good things about this newly privatised company. Yukos really led the way for privatised

This post was originally published on this siteNorway’s government wants the petroleum sector, the cornerstone of the nation’s affluence, to be an international leader in health, safety and the environment (HSE). The industry has responded energetically to idealistic HSE goals and sets high standards, especially with regard to the environment, where the organisations that police

This post was originally published on this siteThe oil recovery levels typical in subsea oilfields are not as high as they should be. Statoil has now set itself an ambitious goal for increasing oil recovery from subsea fields. Its ambition is to achieve 55% oil recovery by the year 2008. Currently, the average oil recovery

This post was originally published on this siteIt’s a problem all companies should be so fortunate to face: What should we do with all of this cash? An extended period of high commodity prices has helped many oil and gas companies realise record revenues, earnings, and cash flows. A recent industry survey by energy research

This post was originally published on this siteInterest in heavy oil production has increased in recent years because of the large reserves that are accessible. Estimating world reserves is difficult, but the total volume of heavy oil available is probably about the same as that of conventional oil. However, a major difficulty with heavy oil

This post was originally published on this siteIn the years following the Piper Alpha tragedy, the oil and gas industry in the UK made significant improvements in safety through the application of new hardware, design changes and modifications, and new policies and procedures. Dedication and hard work by the workforce and management alike had led