Harper, a longtime executive in the Permian basin, will guide PSP’s mission of fostering sustainable growth, community development, and energy innovation across West Texas and southeastern New Mexico. The coalition, which brings together major oil and gas companies, invests heavily in education, healthcare, infrastructure, and workforce development to support the booming shale region.
“So far, there has been no discussion of tariffs, either on India or on China,” one of the unnamed sources told Reuters, adding that Brussels was just wrapping up a trade deal with India and did not want to jeopardize that.
The developer of the Alaska LNG project, Glenfarne, has been busy in the past months finding companies willing to make offtake commitments for the $44-billion project that is being actively promoted by the Trump administration. The company is yet to make a final investment decision on Alaska LNG but plans to make one for the facility’s pipeline by the end of the year, and another for its export terminal in 2026.
Bloomberg’s Javier Blas reported the news in a column this week, citing a draft of the IEA report, World Energy Outlook. The agency uses a set of scenarios for the future, including some major assumptions, such as that all currently discussed climate-related policies would come into effect in full. Until 2020, the IEA included a Current Policy Scenario, which, as the name suggests, reflected actual policies being implemented.
Chevron plans to increase its oil production in Argentina’s shale play Vaca Muerta to about 30,000 barrels per day (bpd) by the end of the year, from around 25,000 bpd now, Ana Moneto, the U.S. supermajor’s Argentina country manager, said.
The company signed an agreement to acquire a 10% direct stake in the joint venture developing the train and will offtake 1.5 million tonnes per year (tpy) of LNG. Through its 17.1% stake in NextDecade, it also indirectly holds nearly 7% of the train.
The Sakarya gasfield is located 170 kilometres off the coast of Filyos, Zonguldak, and the latest phase includes a floating production unit fed by 27 wells across the Sakarya and Amasra fields, connected to the onshore terminal via a new trunkline.
The agreement establishes an expanded framework between the companies, already longtime collaborators, to partner on the provision of maritime and integrated logistics services for offshore EPC projects.
The EPCI scope includes construction of the Anambas wellhead platform, subsea pipeline installation and brownfield modifications to existing infrastructure, with a 36-month contract duration.
The partners began drilling the Galgahévíz-4 well in Galgahévíz, which is part of the “Mogyoród” concession area, at the end of May, and reached its target depth of 2,400 m in 37 days. Following successful tests, the well was put into production and is capable of producing approximately 1,000 barrels of crude oil per day. O&GD and MOL share the extracted volume in a 51%-49% ratio. The drilling was carried out by MOL’s subsidiary, Rotary Zrt., using the R-69 drilling rig.