Oilfield Services Sector Continues Consolidation With Nabors-Tesco Merger

Oilfield Services Sector Continues Consolidation With Nabors-Tesco Merger

Nabors’ roughly $216 million acquisition of Tesco is ‘rare win-win in oil patch consolidation,’ analyst says.

Kuwait Oil Co., Jurassic Gas fields, natural gas, consumption, Kuwait

Kuwait Taps Jurassic Reservoirs To Meet Soaring Gas Consumption

Exploration activity targeting Jurassic carbonate reservoirs in North Kuwait has led to the discovery of six major tight gas fields in the last decade.

BP, Woodside, gas, offshore, Trinidad, Australia, Persephone, Juniper

BP, Woodside Crank Up Offshore Gas Projects

The latest startups mean BP has brought five of its seven major 2017 projects onstream.

Brazil, oil and gas, licensing round, ANP, Shell, Repsol, Santos Basin

Brazil’s 14th Licensing Round Attracts 34 Companies From 11 Countries

Scheduled for September, the round will offer 287 blocks in onshore and offshore basins.

Subsea Power Grid Push Strengthens

Subsea power distribution systems will play a major role in the future of subsea field development projects. Once the Siemens Subsea Power Grid (SPG) is released to the market, the technology will increase tieback ranges massively and hike reserve recovery levels, the company told SEN.

Sanctions On Qatar: What To Know

The diplomatic crisis in Qatar is a case study on just how diplomacy and trade are interconnected.

Trump, Tillerson, Fire and Fury, North Korea, WTI, Brent, stock index, war

Trump’s ‘Fire And Fury’ Remarks Disquiet Markets; Bump Oil, Gas

Secretary of State Rex Tillerson said no new military options were being advanced after the president’s warning toward North Korea.