Outlooks for liquefied natural gas markets have been extremely bullish in recent months thanks to the one-two punch of Europe’s open-arms embrace of any form of fuel that can’t be traced back to the Kremlin and the United States’ new petro-philic administration change.
Norway’s Equinor has become the latest energy company to stem its green growth plans as the backlash against renewables continues.
The U.K.’s controversial Rosebank oilfield, which was approved for development in the North Atlantic in September 2023, by the former Conservative government, has faced severe delays as environmentalists battled to block the development.
The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, after a 6-rig increase in the week prior.
ADNOC Gas has achieved a record-breaking net income of USD 5 billion for 2024, a 13% increase over 2023, the gas-focused ADNOC subsidiary said on Friday.
United Energy (MENA) Limited, a wholly-owned subsidiary of Chinese independent United Energy Group (UEG), has acquired the upstream oil and gas assets held by US independent Apex International Energy in Egypt, UEG announced on Friday.
USEDC said in the statement that its announcement follows a record-breaking year during which USEDC deployed nearly $800 million into operated and non-operated projects.
State-owned CPC Corp. and the economy ministry are in negotiations with an Alaska-based export plant for supplies, Taipei-based Central News Agency said, citing an unidentified ministry official. CPC and the ministry didn’t immediately respond to requests for comment.
Custos Energy announced completion of the previously announced farm-in by Chevron Namibia Exploration II Limited, a subsidiary of Chevron Corporation, into Petroleum Exploration License 82 (PEL 82). The transaction provides for an 80% participating interest and operatorship for Chevron, with each of Custos and the National Petroleum Company of Namibia (NAMCOR) retaining 10% interests.
The project is located in central Bohai Bay, with an average water depth of approximately 20 meters. The main production facilities include a new central processing platform and an unmanned wellhead platform.