Australian operators are adopting a factory drilling model, drawing lessons from U.S. shale plays like the Permian Basin.

Australia's Santos said on Aug. 19 that Abu Dhabi's National Oil Co. (ADNOC)-led international consortium would miss its Aug. 22 dealdine to finalize an $18.7 billion takeover bid.

Midstream operator Plains All American secured its leadership positions as it pursues M&A after a $3.75 billion NGL asset sale in August.