Business news

Oil and gas exploration spending to recover from historic lows, average US$22 billion/yr per to 2027.

DBRS Morningstar – Carrots and sticks, how oil and gas companies are responding to energy transition policies.

US natural gas pipeline exports to Mexico averaged a record 6.8 billion ft3/d for June 2023.

ASCO Group Ltd (ASCO), a global provider of outsourced logistics services and solutions to the energy industry, has been acquired by British private equity firm Endless LLP, a company which is focused on building enduring and sustainable businesses.

Scottish engineering business ACE Winches reports financial performance.

Wood works with National Gas for a secure and sustainable gas transmission system in the UK.

Roger Moore joins as Technical Adviser – Remote Systems, ROV & Offshore Survey and Romina Nicolaides joins as Communications and Marketing Specialist.

Guidelines developed with input from National Association of State Fire Marshals.

Africa Finance Corporation (AFC), the leading infrastructure solutions provider on the continent, is partnering with the Government of Senegal to fund the development of the landmark Sangomar oilfield.

Emerson expands automation services with agreement to acquire Flexim.

Fiber Optic Sensing Association (FOSA) files leak detection comments with the Pipeline Hazardous Materials Safety Administration (PHMSA).

Energy Transfer to acquire Crestwood in a US$7.1 billion all-equity transaction.

Oil and gas industry overall contract value up by 60% QoQ during 2Q23, reveals GlobalData.

Absolute greenhouse gas emissions from Canadian oilsands did not increase in 2022 even as production grew.

All five supermajors report falling revenues and slimmer profits, stemming from a decline in global oil and gas prices.