The company is among those that have formed partnerships while strengthening existing relationships with E&Ps.
Maersk said it would look for solutions for its oil and oil-related businesses, which are to be split from the main company either individually or in combination 'in the form of joint-ventures, mergers or listing.'
Losing Petrofac, whose operations supply around 13% of Tunisia's domestic gas needs, would be another financial blow to the country.
Maersk Oil said in April it would cease production at the ageing field on Oct. 1, 2018, if an economically viable solution for continued operations was not identified during 2016.
From ‘keep it in the ground’ to natural gas as a bridge fuel for the future, Bruce Culpepper offers scenarios for oil and gas in 2050.
A total of 335 workers at Schlumberger, Halliburton, Baker Hughes, Oceaneering Internationa and Oceaneering Asset Integrity were part of the initial round. The conflict will force oil firms to halt drilling of some wells on Norway's continental shelf.
Shell follows ExxonMobil Corp., which relocated 10,000 employees from offices across Houston to a custom-built complex 25 miles north of the city in 201, Reuters reported.
Petrobras' controlling shareholder, the Brazilian government, is also counting on those fields to kick-start the economy. Petrobras is responsible for about 10% of Brazil's GDP, Reuters reported.
Companies should cultivate leaders with the skills and mindset to remain strong in any business climate.
The acquisition marks RockPile's first deal after being acquired by White Deer Energy on Sept. 8. Denver-based RockPile was a subsidiary of Triangle Petroleum, which filed for chapter 11 in June.
Shale players are optimizing processes and techniques as they cope with market realities. The efforts, which have already led to drilling and production efficiencies, continue.
The Middle Velkerri Shale falls in a highly prospective gas mature depth window, and there were gas shows at two prospective shale sweet spots at the top and base of the shale.