3+ week, 3+ day ago   (434+ words) Enverus announced, in a statement sent to Rigzone recently, that it has released its latest rankings of the most active U.S. land drilling contractors and drilling customers, “providing a snapshot of market leadership based on the latest available drilling data”. Rigzone…...

1+ week, 4+ day ago   (608+ words) AI could unlock $230 billion for oil and gas and oilfield services and equipment (OFSE) companies. That’s according to a new insight from McKinsey & Company sent to Rigzone recently, which was penned by Bill Ambrose, a partner in McKinsey’s Houston, Texas,…...

1+ week, 5+ day ago   (288+ words) SB Energy Corp., a power infrastructure firm backed by SoftBank Group Corp. and OpenAI, filed for a US initial public offering, becoming the latest company to seek to capitalize on the growing power demand for data centers. The Redwood City,…...

3+ week, 4+ day ago   (470+ words) Flex LNG Ltd on Wednesday reported $106.8 million in revenue for the second quarter (Q2), its highest since the fourth quarter of 2021. The figure increased from $80.5 million for the prior three-month period on higher shipping rates. The Bermuda-based LNG shipper averaged $86,119 per…...

6+ day, 8+ hour ago   (333+ words) Williams Companies Inc has consummated its cash-and-stock purchase of M6 Midstream LLC (Momentum Midstream) from EnCap Flatrock Midstream LP for around $5.5 billion. The acquired assets consist of over 4,000 miles of pipelines, three take-or-pay pipelines with 4.05 billion cubic feet a day of…...

1+ day, 17+ hour ago   (292+ words) TotalEnergies SE and its partners plan to invest $10 billion in Angola’s oil sector over the next five years in order to sustain production in the country. The French energy company produces about 450,000 barrels of oil a day in Angola, more…...

3+ week, 5+ day ago   (431+ words) Energy stocks are closing in on record levels reached earlier this year amid the Middle East...all-time high, the first since March 27. Energy stocks fell 16% from that peak by early July, after a...negotiations. But as a ceasefire remained elusive, the…...

2+ week, 3+ day ago   (992+ words) Africa has emerged as the center of a global upstream acreage rush. That’s what Enverus Intelligence Research (EIR) said in a statement sent to Rigzone on Wednesday, which noted that the continent has captured nearly half of new upstream country…...

2+ week, 5+ day ago   (515+ words) Norwegian companies Equinor ASA, Aker BP ASA and Vår Energi ASA on Monday announced a collaboration to explore the largest remaining reserves in the country's waters to sustain production as existing developments become depleted. The partnership aims to test 20-25 exploration…...

3+ week, 2+ day ago   (264+ words) Dangote Group has offered East African countries a 30 percent equity stake in the giant refinery planned for the region, according to Kenyan President William Ruto's top economic adviser. Kenya's 10 percent stake would be worth about $500 million, David Ndii told a…...