Industry News
BREAKING: $59.5 Billion DEAL – ExxonMobil announces merger with Pioneer Natural Resources in an all-stock transaction
"SPRING and IRVING, Texas – Exxon Mobil Corporation (NYSE: XOM) and Pioneer Natural Resources (NYSE: PXD) jointly announced a definitive agreement for ExxonMobil to acquire Pioneer. The merger is an all-stock transaction valued at $59.5 billion, or $253 per share,...
ENHANCING SAFETY AND EFFICIENCY: THE NEED FOR EXPLOSION-PROOF CAMERAS IN OFFSHORE OIL AND GAS OPERATIONS – SPECTRUM CAMERA SOLUTIONS
The offshore oil and gas industry is known for its challenging and hazardous working environment. The combination of volatile hydrocarbons, high-pressure equipment, and harsh weather conditions makes it imperative to prioritize safety and monitor operations...
BREAKING: Corpus Christi Carbon Storage Hub Awarded to World-Class Team lead by Repsol
CORPUS CHRISTI CARBON STORAGE HUB AWARDED TO WORLD-CLASS TEAM LED BY REPSOL South Texas Heavy Industry and State Schools Receive Boost Through Mega-Scale Regional Decarbonization Project The Texas General Land Office (GLO) awarded a Repsol-led partnership a contract...
RWE Grows U.S. Offshore Wind Development Portfolio by 2-Gigawatt in BOEM’s First-Ever Offshore Wind Lease Auction in the Gulf of Mexico
RWE has secured a lease area in the Gulf of Mexico with a capacity to develop up to 2 gigawatts of fixed-bottom offshore wind and power over 350,000 U.S homes with clean energy Company will tap into the Gulf’s existing energy workforce and world-class supply chain to...
Industrial Data Labs Raises $1.5 Million in Seed Round to Drive Innovation in Industrial Sales Processes with Applied AI
Industrial Data Labs (IDL), a Houston-based startup specializing in Applied AI technology for the PVF industry, is pleased to announce the successful closing of its seed round, securing $1.5 million in funding. This significant investment propels the company's mission...
Aug 14: Chesapeake Energy Corporation Announces Sale of Final Eagle Ford Package for $700 Million to SilverBow Resources
Chesapeake Energy Corporation (NASDAQ:CHK) today announced that it has executed an agreement to sell its remaining Eagle Ford assets to SilverBow Resources, Inc. (NYSE:SBOW) for $700 million, bringing the total proceeds from its Eagle Ford exit to more than $3.5...
BREAKING: A Transaction Valued at $4.9 Billion ExxonMobil Announces Acquisition of Denbury
ExxonMobil Announces Acquisition of Denbury Combined assets and capabilities further accelerate ExxonMobil’s Low Carbon Solutions business and create an even more compelling customer decarbonization proposition Leading CCS network underpins ExxonMobil’s commitment to...
PRESS Release: AMG World is Pleased to Announce their “Future Upstream Automation Summit Houston September 26, 2023
Upstream Oil & Gas Experts Unite to Embrace Disruptive Technology to Digitally Optimize Exploration and Production Upstream Calendar are proud to be partnering with the Future Upstream Automation Summit on 26 September 2023 in Houston, TX. The Upstream Oil &...
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July 5th BREAKING:$370 Million Deal: Patterson-UTI Energy Announces Agreement to Acquire Global Drill Bit Company, Ulterra
"Ulterra is a Leading Provider of Highly Engineered Polycrystalline Diamond Compact ("PDC") Drill Bits in North America with a Growing International Presence Consideration Comprised of $370 Million of Cash and 34.9 Million Shares of Patterson-UTI Common Stock...