Latest Headlines

31. Weatherford Production Optimization Software Boosts Revenue By $156M, Increases Production By Nearly 6,000 Barrels Per Day For Middle East Operator 6/24/2020

    Weatherford International plc (OTC Pink: WFTLF) today announced its Production Optimization Software Platform increased production by nearly 6,000 barrels per day, boosting revenue by $156 million over three years for a Middle East operator.

32. ADNOC Announces $20.7B Energy Infrastructure Deal 6/23/2020

    The Abu Dhabi National Oil Company (ADNOC) announced today that it has entered into an agreement with some of the world’s leading infrastructure investors and operators, sovereign wealth and pension funds. A consortium of investors comprising Global Infrastructure Partners (GIP), Brookfield Asset Management, Singapore’s sovereign wealth fund GIC, Ontario Teachers’ Pension Plan Board (Ontario Teachers’), NH Investment & Securities and Snam (the Consortium), will invest in select ADNOC gas pipeline assets valued at $20.7B.

33. Fugro Completes Middle East’s First Uncrewed Geophysical Route Survey 6/23/2020

    In response to increasing demand for remote offshore services, Fugro has completed the Middle East’s first fully autonomous geophysical shallow-water route survey.

34. Washington State High School Student Wins 2020 US Stockholm Junior Water Prize 6/22/2020

    The Water Environment Federation (WEF) proudly announces that Zoe Gotthold is the winner of the 2020 U.S. Stockholm Junior Water Prize (SJWP), the nation’s most prestigious youth competition for water-related research.

35. API’s May Monthly Statistical Report Shows Signs Of Recovery Following Gradual Reopening Of State Economies 6/18/2020

    The gradual reopening of state economies drove a notable rebound in U.S. energy markets in the month of May with U.S. petroleum demand increasing 14 percent to 16.2 million barrels per day (mb/d), according to data released today in the American Petroleum Institute’s May 2020 Monthly Statistical Report (MSR) and Q2 2020 Industry Outlook.

36. Continental Resources Announces Update On Voluntary Production Curtailments 6/18/2020

    Continental Resources, Inc. (NYSE: CLR) ("Continental" or the "Company") today announced an update on its voluntary production curtailments.

37. Terra Drone Corporation Solidifies South East Asia Presence With Establishment Of New Base In Malaysia 6/17/2020

    Terra Drone Corporation (TDJP), a Tokyo-based technology company and one of the global leaders in the Unmanned Aerial Vehicles (UAV) total solutions provider and enabler, is now officially in Malaysia.

38. Aramco Completes Its Acquisition Of A 70% Stake In SABIC From The Public Investment Fund (PIF) 6/17/2020

    Aramco today announced the successful completion of its share acquisition of a 70% stake in Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund (PIF), the sovereign wealth fund of Saudi Arabia, for a total purchase price of SAR 259.125 billion (US$ 69.1B), equating to SAR 123.39 price per share.

39. Fairfield Geotechnologies And DUG Announce The Signing Of A Comprehensive Strategic Agreement 6/17/2020

    Fairfield Geotechnologies and DownUnder GeoSolutions (DUG) are pleased to announce the signing of a comprehensive strategic agreement that includes the reprocessing and imaging of over 5,000 square miles of multi-client seismic data.

40. Nearly $2B In Natural Gas Revenues Generated From Existing Impact Taxes In Pennsylvania 6/17/2020

    API-PA Executive Director Stephanie Catarino Wissman welcomed today’s report by the Public Utility Commission showing community and municipal disbursements and revenues received through the taxation of Pennsylvania’s natural gas industry totaled $200,364,500 for the 2019 reporting year.