General

Energy Industry Relief: Hurricane Season Has Stalled Thanks to Dry Air, Lull in Heavens

This post was originally published on this siteOct 29, 2021 (Bloomberg) This year’s hurricane season started out as one of the most prolific in the modern era. Then suddenly, in October, the storms stopped. As of Friday, the Atlantic hasn’t produced a single new tropical storm in a month. Such a late-season pause has only occurred […]

Energy Industry Relief: Hurricane Season Has Stalled Thanks to Dry Air, Lull in Heavens Read More »

Exxon, Chevron Target Billions in Buybacks as Cash Flow Surges

This post was originally published on this siteOct 29, 2021 (Bloomberg) Exxon Mobil Corp. and Chevron Corp. are plowing windfall profits into share buybacks as soaring energy prices boost their cash flow.Exxon will revive repurchases for the first time since 2016. The company said Friday it plans to spend as much as $10 billion on repurchases

Exxon, Chevron Target Billions in Buybacks as Cash Flow Surges Read More »

Oil & Gas industry M&A deals total $15.3bn globally in April 2021

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’,

Oil & Gas industry M&A deals total $15.3bn globally in April 2021 Read More »

Robust Rig Design

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

Robust Rig Design Read More »

Russian Tragedy

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

Russian Tragedy Read More »

Norway Gets Serious About Safety

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

Norway Gets Serious About Safety Read More »

Shopping Cart