“We are very excited about what’s on offer at this year’s event,” said Mark Wilson, HSE and operations director at OEUK. “Energy development and production is a changing world at an ever-faster rate. There are constant new challenges demanding up to date knowledge and problem-solving skills.
Signature of the LOI enables Sunda Energy to progress regulatory approvals for the use of the jackup rig in Timor-Leste, including the preparation of the required drilling safety case and other campaign specific documentation, in compliance with applicable law in Timor-Leste. The rig is expected to complete its ongoing work in the region before becoming available for Chuditch appraisal drilling in Q2 2025.
Hydrogen is increasingly recognized as a key enabler in the transition to a low-carbon future, offering a clean, versatile alternative to traditional molecules. Despite its unique property as a carbon-free vector that can integrate into the existing energy system with only minor changes, its tendency to embrittle steel under certain conditions must be addressed.
The Organization of Petroleum Exporting Countries chopped projections for consumption growth in 2024 by 210,000 barrels a day to 1.6 million barrels a day, according to its monthly report. The cartel has slashed projections by 27% since July as it belatedly recognizes the deteriorating market picture.
The government holds majority stakes in the country’s three operational LNG production facilities, alongside minority investors including international oil companies and large gas buyers. However, only companies that can commit gas supplies to the plant would be eligible to take an equity stake in Oman’s fourth LNG train.
The Islamist group, designated as a terrorist group by the US, has more than doubled in size this year, with as many as 1,200 combatants holed up in the Bari mountains east of the Puntland capital, Bosaso, according to a local security official. The US military has expressed concern about Islamic State’s growing presence in the region.
When Josh Garcia, a senior gas analyst at Energy Aspects, was asked why the U.S. natural gas price is rising today in a separate exclusive interview, he told Rigzone that “weather has shifted colder day on day (d/d), bringing the 15-day forecast closer to the 10 year normal”.
Thanks to the Permian and the Haynesville shale plays, Texas leads U.S. natural gas production. Pennsylvania and West Virginia in the Appalachian basin rely on the Marcellus and Utica shale gas plays, while output in Louisiana comes from Haynesville and from offshore production in federal waters in the Gulf of Mexico.
A price of $100 per kWh is generally considered by industry observers as the inflection point at which electric vehicles (EVs) would reach price parity with conventional vehicles with internal combustion engines (ICE).
FERC recently yanked Venture Global’s construction go-ahead for CP2, demanding another environmental review. Commonwealth LNG is in a similar boat, waiting for FERC’s nod. With no clear timeline, developers are frustrated, environmentalists are elated, and the industry is left holding its breath.