Despite a lingering natural gas takeaway problem for Permian Basin producers, analysts note an opportunity exists for midstream operators as pipeline FIDs to date ‘merely maintain status quo.’
Axis Energy Services, a new workover and completion specialist formed from the combination of TEC Well Service, Momentum Pressure Control, and M6 Energy Services, announced its launch on Nov. 5.
A decision by Petrobras (NYSE: PBR) not to invest in drilling new wells has derailed Chevron Corp.’s (NYSE: CVX) plan to resume exploration in a Brazilian offshore field, people familiar with the matter said on Oct. 30.
Carlyle's agreement with the Port of Corpus Christi to build an oil export terminal comes as infrastructure struggles to keep up with record levels of production, driven by the Permian Basin.
Royale Energy formed a JV with California Resources to drill 30 wells throughout the Rio Vista Field, the largest dry gas field in California.
Talos Energy is joining forces with a subsidiary of Argentina’s Pan American Energy LLC to accelerate exploration efforts offshore Mexico.
According to the filing, Petrobras, as the Brazilian company is known, will have a 20% stake in the joint venture, and Murphy will have 80%.
A consortium led by U.S.-based Talos Energy is looking to partner with Mexico’s state-run energy firm Pemex next year on a plan to jointly develop a potentially lucrative oil and gas discovery pending more drilling, Reuters reported on Oct. 9.
Baker Hughes (NYSE: BHGE), the world’s second-largest oil services company, will take a 5% stake in Abu Dhabi National Oil Co.’s (ADNOC) drilling unit for $550 million under a tie-up announced on Oct. 8.
Joint venture will develop crude oil pipeline and gathering system in the Delaware Basin.