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U.S. oil company Chevron Corp. (NYSE: CVX) on Feb. 19 said it had resumed drilling operations in the Kurdistan region of Iraq (KRI).
Noble Energy's quarterly profit breezed past analysts' estimates as U.S. sales volumes surged and the company kept a tight leash on expenses.
Recent windfalls generated through taxes and the kingdom’s “anti-corruption purge” has triggered further speculation about the future of Saudi Aramco’s IPO.
The operator of the Groningen gas field in the Netherlands sees no need for further measures aimed at reducing the risk of tremors, it said Feb. 19, following a series of small quakes.
Tidewater Logistics said the capital investment by Apollo will fund a pipeline of new customer and expansion opportunities. The terms of the transaction weren't disclosed.
Dover's spin-off transaction for its "Wellsite" upstream energy businesses, on track for completion in May, will be named Apergy and be headquartered in The Woodlands, Texas.
Oil producer Cenovus Energy Inc.’s said Feb. 15 its fourth-quarter profit soared, as production nearly doubled and the Canadian company reined in expenses.
Last month Encana said it plans to invest nearly 70% of this budget to boost production in Permian and Montney, as oil investors pressure producers to improve production without significantly increasing capital budgets.
For 2018, Marathon plans a capital budget of $2.3 billion, of which about 60% of that will be spent in the Bakken and the Eagle Ford Shale. The rest will be spent in the Permian Basin and Oklahoma.
At the recent NAPE Global Business Conference, panelists from Hess and Akin Gump gave insight on what plays into developing resources in the Lower 48 or international deepwater.
The company said it plans to spend $3.9 billion overall in 2018 and increase production by between 8% and 12% with a 40% annual growth in Permian resources in 2018.
Vallourec specializes in making tubular products for the energy and other industrial sectors. It has about 19,000 employees worldwide, while its drilling products division employs roughly 600 people.