Ensco to acquire Atwood Oceanics, bolster rig fleet to 63

Ensco PLC has agreed to buy Atwood Oceanics Inc. in an all-stock deal that will create a combined company valued at $6.9 billion based on the closing price of each company’s shares on May 26. Source: News

Zinke begins Arctic Circle trip with a 5-day visit to Alaska

US Interior Sec. Ryan Zinke reiterated his support for more responsible oil and gas development during a 5-day visit to Alaska as part of an extended trip around the Arctic Circle that also included scheduled stops in Greenland and Norway. Source: News

MARKET WATCH: NYMEX oil prices end volatile week at $49.80/bbl

Oil prices rose May 26 to regain partially from the previous day when prices plummeted on both the New York and London markets following an announcement that the Organization of Petroleum Exporting Countries and some non-OPEC countries extended production targets. Source: News

Outrage and budgets

To understand oil and gas implications of a White House budget proposal that, in comparison with predecessors, seems sketchy, consider an image from US President Donald Trump’s visit to Saudi Arabia. Source: News

Sound, fury, or substance?

You’ve put your downstream technology editor in an awkward position, as the role requires having to reject your manuscripts without wanting to discourage future submissions. In an era where your legal departments have outlawed attaching your names to any article, these rejections are painful. Source: News