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Eni (NYSE: E) and BP (NYSE: BP) have entered into a non-binding memorandum of understanding to progress detailed discussions on combining their upstream portfolios in Angola.
Eni (NYSE: E) and BP (NYSE: BP) have announced that they have entered into a non-binding memorandum of understanding to progress detailed discussions on combining their upstream portfolios in Angola into a new joint venture.
The new company would be supported by Eni and BP but would be expected to be self funded. A business plan for the company would be agreed by Eni and BP to allow it to capture future opportunities in exploration, development, and possibly portfolio growth, both in Angola and regionally, the companies revealed.
Halliburton Company (NYSE: HAL) and TGS-NOPEC Geophysical ASA (OSLO: TGS) have announced a collaboration to bring advanced seismic imaging to fiber optic sensing.
Halliburton Company (NYSE: HAL) and TGS-NOPEC Geophysical ASA (OSLO: TGS) have announced a collaboration to bring advanced seismic imaging to fiber optic sensing.
In a joint statement, the companies said the alliance will provide operators with advanced insight to determine their reservoir potential for oil and gas production or carbon storage. As part of the agreement, Halliburton’s FiberVSP and Odassea distributed acoustic sensing solutions will now incorporate TGS’s seismic imaging workflows that process the entire seismic wavefield to generate high-resolution reservoir images, the companies revealed.
by Bloomberg
|Wednesday, May 19, 2021
A Biden administration official conveyed to Mexico strong concerns about policies that appear to disadvantage American firms investments.
(Bloomberg) President Joe Biden’s trade chief conveyed to Mexico strong concern about the nation’s policies that appear to disadvantage U.S. investments, especially in the clean and renewable energy sector, according to an American official.
The message from U.S. Trade Representative Katherine Tai came during the two-day meeting of the Free Trade Commission that ended Tuesday and comes six weeks before the first anniversary of the U.S.-Mexico-Canada Agreement’s entry into force.
by Bloomberg
|Monday, May 17, 2021
Oil was steady as a demand recovery in key regions raised optimism about rising fuel consumption, despite a Covid-19 flare-up in parts of Asia.
(Bloomberg) Oil was steady as a demand recovery in key regions raised optimism about rising fuel consumption, despite a Covid-19 flare-up in parts of Asia.
Futures in New York traded near $65 a barrel while Brent was just under $69 in London. Chinese refiners have churned through record volumes of crude so far this year, but Indian fuel demand continued to weaken in the first half of May. It underscores the uneven rebound that has slowed crude’s rally.
The Texas Independent Producers & Royalty Owners Association (TIPRO) president, Ed Longanecker, has commended state lawmakers for their support of House Jo.