The deal will see the two companies form HG Storage International. The companies have agreed to a three-year lock-up period, which signifies “a mutual agreement to a long-term partnership.”
We continue our coverage of the oil and gas industry by looking at new analysis from consulting firm Rystad Energy. Their data reveals the United States possesses more recoverable oil reserves than both Saudi Arabia and Russia.
Managing Director Doug Sheridan tells us why industry participants believe the demand for oilfield products and services will begin to see growth in the second half of 2016.
The Obama administration has released new rules that force oil companies to take additional safety and environmental precautions before they commence drilling operations in the Arctic Ocean.