SAN FRANCISCO, Nov. 6, 2019 The global digital oilfield market size is expected to reach USD 40.21 billion by 2025, expanding at a CAGR of 4.7%, according to a new report by Grand View Research, Inc. Expected growth in the number of oil and gas reserves, coupled with the need for increased operational efficiency, is likely to strengthen the demand for digital oilfields.
A U.S. regulator on Tuesday ordered that a segment of the Keystone pipeline that spilled more than 9,000 barrels of crude in rural North Dakota remain shut until operator TC Energy (TRP) submits a restart and return-to-service plan because of the hazards posed.
Oil prices rose on Friday after a strong October jobs report helped reassure investors about the pace of U.S. economic growth. U.S. crude futures rose 1.8% to $55.17 a barrel, while Brent, the global gauge, rose 1.7% to $60.62 a barrel. Crude prices rose after Labor Department data showed the U.S. added more jobs in October than economists had expected, while figures for August and September were better than initially thought.
BOSTON, Oct. 29, 2019 Lux Research released a new, comprehensive study Monday detailing the driving forces behind the reinvention of the global oil and gas industry for the rapidly evolving digital age.
By Myra P. Saefong and Mark DeCambre, MarketWatch. Oil futures moved higher on Thursday, settling at a nearly one-month high, finding continued support from an unexpected weekly decline in U.S. crude supplies as global producers looked to rein in output. Traders, however, continued to wrestle with the outlook for crude demand amid slack in the global economy, limiting gains for oil.
With reference to a press release issued on September 30, 2019, Teekay Corporation (TK) and Teekay LNG Partners L.P. (TGP) announced today that COSCO Shipping Energy Transportation Co., Ltd. has completed an ownership restructuring on arms-length terms which has resulted in Teekay LNGs joint venture partner, China LNG Shipping Ltd., no longer being classified as a Blocked Person under Office of Foreign...
SpendEdge, a global procurement market intelligence firm, has announced the release of its Global Directional Drilling Market - Procurement Intelligence Report. This press release features multimedia. The directional drilling price trends will be majorly impacted by the growing stringency in the regulatory framework in this market.
Exxon Mobil Corp. (XOM) and New York's attorney general are headed for a showdown this week over accusations the company deceived investors, a rare trial over how the oil industry accounts for the impact of climate change. The trial, which begins Tuesday in state court in Manhattan, is the culmination of a sprawling investigation into Exxon and its accounting practices that spanned four years and three New York attorneys general. It is expected to include as a witness former Secretary...
Falling oil and gas prices are delivering a surprise windfall to bondholders of some U.S. energy companies. Declining valuations are attracting bargain hunters to the oil patch. That has allowed companies including Jagged Peak Energy LLC and Indigo Natural Resources LLC to sell assets in recent days, raising cash that could be used to pay down their junk-rated debt.
By William Watts, MarketWatch, Joy Wiltermuth. Friday loss erased Dow's gains for week. U.S. stocks closed lower Friday, with the Dow pressured by a plunge in the shares of Boeing and Johnson and Johnson, after a good start to the third quarter corporate earnings season, despite worries about global economic growth.
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