Top energy headlines, a recap

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5 Key Ways Digital Oilfield Technology is Crucial to Recovery

Oil and gas operators like Hess, ConocoPhillips and Anadarko are increasingly turning to digital oilfield technology as being the key to weathering the current oil price environment and allowing them to emerge with more efficient, streamlined operations.

BP recently announced at OTC that using big data could help the organization pump another 85,600 barrels. Read more…

Related: Oil firms are swimming in data they don’t use

Global oil demand expectations rise: OPEC

Worldwide demand for oil will grow by more than previously expected, according to the latest estimates from the Organization of the Petroleum Exporting Countries.

In a monthly report released Tuesday, OPEC raised its 2015 global demand growth forecast to 1.18 million barrels per day compared to last month’s estimate of 1.17 million. All told, worldwide daily demand will touch 92.50 million barrels this year, the cartel’s analysts said. Read more…

Related: Citigroup’s shocking report: Oil to fall to $20 and end to OPEC?

Cameron CEO to retire

Monday, Houston-based Cameron International Corp. (NYSE: CAM) announced CEO Jack Moore will retire in October. Moore will be replaced by R. Scott Rowe, who is currently the president and COO of the company. According to the firm, Moore will continue to serve as chairman. Read more…

Related: Despite declining oil prices, Texas is on the rise

Noble Energy buys Rosetta Resources in a $3.9 billion deal

Houston-based Nobel Energy, Inc. (NYSE: NBL) announced Monday it is acquiring Houston-based Rosetta Resources Inc. (NASDAQ: ROSE) in a deal worth $3.9 billion total.

The agreement consists of Nobel Energy receiving all Rosetta’s common stock valued at $2.1 billion and assuming the company’s net debt of $1.8 billion as of March, 2015. Read more…

Related: Shell to buy BG Group in megadeal worth $70 billion


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