Newsroom
Ai-based Search Engine, Perplexity.ai Raises $74 Million
Perplexity.ai, an Ai-based search engine startup recently raised $74 Million from prominent investors, including Jeff Bezos, at a valuation of $0.5 Billion. The less than 2-year old startup is based in Silicon Valley and intends to compete with Google search. Being able to get direct answers to your...
APA Corp. Buys Callon in $4.5B Deal
Apache has agreed to buy Callon Petroleum in a deal valued at $4.5 Billion. The all-stock acquisition involves 120,000 acres in New Mexico & West Texas and 500K boepd incremental production to APA.
This comes shortly after Occidental recently acquired CrownRock for $12 Billion and ExxonMobil...
Shell Cuts Jobs, Reduces Structural Costs By $3B
Shell is reported to have begun job cuts, specifically in its low-carbon division, as the company seeks to reduce expenses, streamline operations, and focus on higher return segments of its business. Affected employees were either offered severance packages or were allowed to apply for roles in othe...
Mubadala Announces Significant Gas Discovery
Mubadala Energy has announced the discovery of a major natural gas find in Sumatra, Indonesia.
The discovery was from the Layaran-1 exploratory well drilled deep offshore, with a well depth of 4,208 m and a water depth of 1,207 m. Reservoir characteristics were: pay thickness - 230 m; formation -...
Occidental Petroleum Acquires CrownRock in a $12 Billion Deal
Occidental petroleum announced that it has entered into a definitive purchase agreement to acquire CrownRock LP, a Midland-based oil & gas producer and backed by private equity group Lime Rock Partners. The purchase involves 94,000 net acres, 1,700 undeveloped locations, 1,250 development-ready ...
OPEC Agrees To Further Production Cuts
OPEC has once again agreed to cut daily oil supply by an additional 1 million barrels of oil, in the hopes of boosting oil prices that have been dragging recently amidst ongoing crisis in the Middle East. Meanwhile Brazil has also been invited by OPEC to join the organization, which it has agreed to...
ExxonMobil Enters EV & Battery Business - Largescale
ExxonMobil has reportedly started drilling for Lithium in Arkansas, largescale. With a goal to provide enough lithium to support the production of over 1 million electric vehicles annually by 2030. Considering the fact that current EVs make up just about 1% of the total automobile market, the market...
Tech Trends: Hart Energy Presents Alzare
Alzare is a new full-service digital platform that connects energy clients with energy professionals to cost-effectively facilitate the provision of products, services and solutions. By bringing together the three main arms of the energy industry—companies, lenders and employees—the...
Alzare Sponsors The Upcoming 8th Annual Global Seven (G7) Awards (pages 9 & 23)
Alzare is pleased to be a sponsor for the upcoming 8th Annual Global Seven Awards scheduled for October 14, 2021, 6pm to 9pm, at The Ballroom at Bayou Place.
The Annual Global Seven (G7) Awards celebrates seven outstanding Houston-based international businesses and academic achievements. Seven (7...
Alzare connects energy clients with energy professionals
Alzare, the go-to energy hub, brings together the three main arms of the energy industry – companies, lenders (capital providers) and employees – to improve deficiencies in the provision of oilfield and energy services.
According to Alzare, technology is defined as technique, a n...
Alzare brings three main arms of the energy industry
Alzare, the go-to energy hub, brings together the three main arms of the energy industry – companies, lenders (capital providers) and employees – to improve deficiencies in the provision of oilfield and energy services.
According to Alzare, technology is defined as technique, a n...