Hess Corporation today announced a revised $2.2 billion capital and exploratory budget for 2020, an $800 million reduction from the previous budget of $3.0 billion. The company also announced a new $1.0 billion three year term loan agreement.
Total, Operator, and its partners have made an encouraging discovery with the Isabella 30/12d-11 well on the license P1820, located in the Central North Sea offshore U.K., about 40 kilometers south of the Elgin-Franklin Field and 170 kilometers east of Aberdeen.
Crude oil is extracted from the Earth as a mixture of oil, gas, water and sand, which is separated and processed, at significant expense and risk, before making its way downstream to be turned into usable products.
The Saudi Arabian Oil Company (“Saudi Aramco” or “the Company”) today announced its full-year 2019 financial results, delivering strong profits and dividends despite a lower price environment and challenging margins in refining and chemicals.
A new word enters the water technology lexicon on 12 March with a bold rebrand by Servelec Technologies and recent acquisition, leak detection specialist Primayer. The two companies are now united under one brand and one name - Ovarro.
Stress Engineering Services, Inc., (SES) the global leader in consulting engineering services and solutions, has developed a digital flex joint angle measurement system for monitoring real-time drilling operations.
BJ Services (the "Company") announced today it has entered into a multi-year contract with Aethon Energy ("Aethon") for the deployment of the Company's first TITAN™ next-generation fracturing fleet in the Haynesville shale.