1. Two shale oil and gas companies in the United States have reached an equal merger agreement
American shale oil producers whiting petroleum and oasis petroleum signed a merger agreement, and the combined company is valued at about $6 billion.
Both companies are producing oil and gas in the Bakken shale area in North Dakota. The negotiations between the two sides came at a time when the conflict between Russia and Ukraine led to a sharp surge in crude oil prices.
2. Schlumberger announces deployment of reservoir engineering digital solutions
Schlumberger yesterday announced the enterprise wide deployment of a cloud based delfi * cognitive exploration and production environment for ConocoPhillips. ConocoPhillips will use Schlumberger digital solutions supported by delfi environment to bring its reservoir engineering modeling, data and workflow to the cloud.
3. OPEC Secretary General expressed the need to continue to invest in oil and gas
At the CERAWEEK energy conference held on Monday, Mohammad Sanusi barkindo, Secretary General of the organization of Petroleum Exporting Countries (OPEC), said that OPEC remained focused on becoming a reliable oil supplier to the global market, but could not control the global events leading to soaring oil prices.
Balkin said that the world did not have enough capacity to make up for the loss of Russian supply. He said that Russia is the world’s second largest oil exporter, supplying about 7 million barrels of crude oil and fuel to the global market every day.
He predicted that by 2045, oil and natural gas will still meet more than 50% of energy demand. “Therefore, investment and production of oil and gas should continue to meet this demand.
4. The United States agreed to release 2.7 million barrels of strategic oil reserves to ExxonMobil
The US Department of energy said in a statement on March 7 that it had approved the 12th transaction: providing ExxonMobil with 2.7 million barrels of strategic oil reserve (SPR) according to the plan in November last year.
Post time: Mar-11-2022