OilAndGas

Texas Oil Wildcatters Express Frustration with Trump Amidst Falling Oil Prices

3 months ago

In recent developments, Texas oil wildcatters are growing increasingly impatient with former President Donald Trump's approach amid a significant decline in oil prices. As the global market grapples with volatility, those involved in the drilling and extraction industries are looking for support and guidance that they believe is lacking in the current political landscape.

UAE’s ADNOC Drilling Seeks $1 Billion to Fuel Expansion Plans

5 months ago

In a strategic move aimed at bolstering its growth ambitions, ADNOC Drilling, a subsidiary of the Abu Dhabi National Oil Company (ADNOC), has announced its intention to secure $1 billion in financing. This initiative is part of an expansive growth strategy designed to enhance its operational capacity and support the oil and gas industry's rising demand.

Thoma Bravo's Quorum Software Secures Improved Financing Amidst High Demand

8 months ago

In a significant development within the technology financing sector, Quorum Software, backed by private equity giant Thoma Bravo, has successfully renegotiated its debt, resulting in a lower interest rate. This move is attributed to a surge in market demand for its innovative software solutions in the oil and gas industry.

Bumi Armada Considers Strategic Acquisition of MISC Offshore Energy Assets

8 months ago

In a significant move within the offshore energy sector, Bumi Armada Berhad is reportedly in discussions to acquire several offshore energy assets from Malaysia's MISC Berhad. This potential acquisition marks a notable shift in the competitive landscape of maritime energy services in the region and could reshape Bumi Armada's operational capabilities and market presence.

South African Oil Group Moves to Rework New Legislation to Attract Investors

8 months ago

South Africa's oil sector is strategically repositioning itself in a bid to bolster investments, as local oil and gas companies seek to amend recently introduced legislation. The South African Oil and Gas Alliance (SAOGA) has expressed concerns regarding a new oil and gas law that they believe could hinder foreign investment, which is crucial for the sector's long-term growth.