Tuesday, November 26, 2024
Trump -oilandgas360

Texas fears losing oil-rich lands in Chinese takeover of weakened energy companies

Fox Business ‘It’s a national security concern to allow unfriendly foreign countries to come in and buy land and oil’ Plunging prices have wreaked havoc on Texas oil companies struggling to avoid a wave of bankruptcies that has ravished the industry during the past five years, leaving them ripe takeover targets for rivals from China and elsewhere. Ninety-eight exploration and production companies in Texas with $75.7 billion

DOE announces 230M to build advanced reactor demonstration project -oilandgas360

DOE announces $230M to build advanced reactor demonstration project

Power Engineering Building on its contention that nuclear power must be a vital part of the American energy future, the U.S. Department of Energy announced it is going to invest $230 million into a demonstration of advanced reactor technology within this decade. The DOE’s new Advanced Reactor Demonstration Program (ARDP) will include $160 million of initial funding through cost-shared partnerships

Rs 50k-crore investment in coal infra- oilandgas360

Rs 50k-crore investment in coal infra

Financial Express According to finance minister Nirmala Sitharaman, not just fully explored coal blocks, but even partially explored ones will now be auctioned, and 50 assets will go under the hammer soon. Oil & Gas 360 Publishers Note: This theme within the India’s leadership to elevate the population out of poverty through the use of the most economical source of

Cimarron Energy acquires Aereon - oilandgas360

Cimarron Energy acquires Aereon

MRT With the spotlight continuing to shine on natural gas flaring and emissions, a global emissions control business is utilizing consolidation to boost its footprint. And that will benefit its Midland facility. Cimarron Energy, which last year acquired Midland’s Hy-Bon Engineering/EDI, has acquired Aereon, which provides emissions control solutions and services globally for the upstream, midstream and downstream markets. “Aereon

OFS stocks lost half their value since 2020 began -oilandgas360

OFS stocks lost half their value since 2020 began

Oil&Gas The best performers among services companies were in the EPCI sector Oil & Gas 360 publishers note: This is an excellent article by Carla Sertin. She uses information from Rystad, and highlights several key points.  “The result of this crisis will likely be more financial restructuring and consolidation to right-size the capital base across the service segments. Additionally, we