Rystad Energy’s just-launched annual flagship report Global Energy Scenarios 2024 provides a strategic roadmap for a low-carbon future and an in-depth look at what it will take to achieve the IPCC’s 1.6°C scenario.
The demand growth projection for 2025 was revised slightly down to 990,000 bpd from 998,000 bpd, as the agency warned that demand growth this year and next will be much lower than in previous years, also because of weak Chinese demand.
Protesters shut down oil distribution valves in response to the kidnapping of a senior intelligence officer, for which they blame the government in Tripoli.
Halliburton will expand its presence in Namibia with new oilfield and support services facilities at four locations, including the country’s main ports, the company announced on Wednesday.
The campaign aims to drill a debut exploration well in the waters of southern Namibia and is expected to last six months. The value of the contract was not disclosed.
Speaking on the state of the petroleum industry, he highlighted key challenges that have discouraged exploration and production activities, contributing to a consistent drop in oil and gas output over recent years.
Aliyev had accused France of “crimes” and “human rights violations” in overseas territories including New Caledonia in the South Pacific, where 13 people have been killed this year in protests that broke out in May over a contested voting reform.
The first cutting of steel for the Trion FPU was marked with a ceremony on 13 November at HHI’s yard in Ulsan where it is fabricating the FPU under an approximate $1.2 billion engineering, procurement and construction contract it won in June 2023.
Dubai-headquartered Shelf Drilling has boosted its order book by than half a billion dollars and remains upbeat on the future despite the recent suspensions of rig charters in Saudi Arabia.
TotalEnergies is targeting first oil in 2028 from GranMorgu, which is located 150 kilometres off the coast of Suriname. The asset is being exploited via subsea wells tied into a floating, production, storage and offloading vessel.