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Nostra Terra Oil & Gas Company Plc is charting a new strategic direction under the leadership of CEO Paul Welch. The company is shifting its focus to long-life conventional production in East Texas, particularly the Pine Mills Field. Welch highlighted the potential to double production by revitalizing existing wells in the region. In line with this strategy, Nostra Terra is divesting assets in South and West Texas to concentrate resources and investments in East Texas. This move aims to enhance profitability and streamline operations. The appointment of James Newman to the board, with his extensive experience in rejuvenating mature assets, aligns perfectly with the company's goals. Welch expressed confidence in the potential to double production by turning on wells that have been shut in for some time. This strategic shift, coupled with updated company presentations and plans for future expansions, sets a promising trajectory for Nostraterra. via Proactive #OilandGas #EastTexas #StrategicShift #AssetRejuvenation

Basin Electric's BE Leaders group invested time to develop a set of six core values for employees to live and work by. They are: community, integrity, reliability, teamwork, safety, and adaptability. “We had 23 people in a room for two days, all from varying facilities, to create a mission statement and a set of values. ... Incorporating employees from multiple facilities really allowed our work to provide an accurate representation of Basin Electric from multiple perspectives.” - Mandi Hetletved, business systems analyst #InvestingForTheFuture #InvestingInYou

SLB TO BUY CHAMPION X for $8 billion in Growing Deal-Making in U.S. Energy Sector - Read More Here: https://hubs.la/Q02rt-7X0 Top oilfield services company SLB said on Tuesday it will buy smaller rival ChampionX in an all-stock deal valued at $7.75 billion, amid growing consolidation in the North American energy sector. Oilfield service providers have followed energy producers in pursuing deals as they navigate operational and pricing challenges while catering to customers who have cut spending on new wells in favor of investor returns. SLB ChampionX #energyservices #oilfieldservices #mergersandacquisitions

Case Study Spotlight: Understanding SLB’s 'Living Our Culture' Program 🌟 Ahead of our upcoming Operational Excellence in Oil & Gas taking place in Houston from November 5-7, we sat down with Carlos Darío Sarmiento Rivadeneira, Diversity & Inclusion Director, and Philip Irele Evbomoen, P. Eng., Global Talent Manager at SLB, to learn about the intricacies of their ‘Living our Culture’ framework, and how diversity and most particularly inclusion leads to further innovation and performance within an organization. Learn more: https://lnkd.in/eYN2Nn2f Interested in learning more? 🌍 To ensure that operational excellence remains a core focus of your organization, join us in Houston from November 5-7 for the 15th Annual Operational Excellence in Oil & Gas Summit. This year's event will offer an exclusive mix of operator case studies, workshops, panels, roundtable discussions and more to help you balance the ever-increasing demand for power and the challenges that come with. #OGIQ #SLB #LivingOurCulture #DiversityAndInclusion #EnergyInnovation  

Australian Oil Company Limited (ASX: AOK) September 2024 Quarterly marked key milestones, including: 🔹 Strengthened Leadership: Appointment of Chris Hodge as Non-Executive Chairman, aligning with our strategic growth goals. 🔹 Operational Enhancements in California: Acquired pipeline infrastructure in the Sacramento Basin, aimed at quadrupling gas production from our Rio Vista wells. This acquisition not only boosts our existing operations but positions us for further scalability. 🔹 Strategic Ventures and New Partnerships: Continued momentum in natural gas exploration, advancing our portfolio in California while actively exploring promising opportunities in Australia. 🔹 Capital Success: Finalised a $729,000 capital raise, driving our vision forward and funding key projects that underpin our growth. AOK is dedicated to expanding our energy footprint with a focus on high-potential markets. Check out the full report for an in-depth view of our projects and growth strategy! Kane Marshall Jordan McArthur Stewart Walters #AustralianOilCo #EnergySector #ASX #NaturalGas #QuarterlyUpdate

Odfjell Technology secures two-year whipstock services contract with TPAO   Odfjell Technology, an integrated supplier of well services technology and engineering solutions, has been awarded a two-year contract by state-owned oil company, Türkiye Petrolleri Anonim Ortaklığı (TPAO), for the provision of 10 whipstock systems and related services. 🔽 Find more info in comments below 🔽 #OdfjellTechnology #TPAO #WhipstockSystems #OilandGasNews #OilandGas ⤵️ Click Follow on our page to keep up to date with energy news ⤵️

Lucero Energy Corp reported its financial and operational results for the fourth quarter and year-end of 2023, highlighting key financial metrics such as funds flow, net income, and operating netback. They invested $80.9 million in exploration and development, focusing on production stability and efficiency. Despite a weaker commodity price environment, Lucero generated significant free funds flow, demonstrating cost-effective operations. Their capital program was mostly executed in the first nine months, leading to controlled Q4 expenditures. Lucero's strategic focus on the North Dakota Bakken/Three Forks asset base contributed to steady production and reserve growth. Essandoh LLC, with its comprehensive range of trucking services tailored to the North Dakota oilfields, is perfectly positioned to enhance the operational efficiency and financial success of companies like Lucero. Offering competitive, safe, and reliable transportation solutions, from water and crude hauling to specialized equipment transport, Essandoh LLC can significantly contribute to the smooth execution of exploration and development activities. The outlook for North Dakota oilfields remains positive, and Essandoh is eager to partner with major oil companies, driving mutual growth and success. We welcome the opportunity to discuss how we can support your logistics and transportation needs. For more information on our services, please reach out to us. #NorthDakotaEnergy #BakkenBoom #OilFieldInnovations #LuceroEarningsHighlight #EssandohSupports #EnergySectorGrowth #FutureOfOilAndGas #InvestingInEnergy #TruckingForEnergy #SustainableOilFields #EssandohLLC

ICYMI: D&H United Expands Southeast Presence with Acquisition of HCN Petroleum Equipment, Facing Integration Challenges: D&H United has acquired HCN Petroleum Equipment, strengthening its Southeast presence and expanding fuel system support capabilities. This is D&H’s sixth acquisition since partnering with Wind Point Partners SOURCE: D&H United Expands Southeast Presence with Acquisition of HCN Petroleum Equipment, Facing Integration Challenges BY: eTurboNews | eTN #travelnews

D&H United Expands Southeast Presence with Acquisition of HCN Petroleum Equipment, Facing Integration Challenges: D&H United has acquired HCN Petroleum Equipment, strengthening its Southeast presence and expanding fuel system support capabilities. This is D&H’s sixth acquisition since partnering with Wind Point Partners SOURCE: D&H United Expands Southeast Presence with Acquisition of HCN Petroleum Equipment, Facing Integration Challenges BY: eTurboNews | eTN #travelnews