Commercial exports are expected in 2028.
EPRA has extended the Field Development Plan review to December 31.
SOCAR (State Oil Company of Azerbaijan Republic) and UK oil major BP have signed a memorandum of understanding (MoU) to explore potential collaboration opportunities in international oil and gas upstream projects. The partnership, focused on bolstering global energy security, underscores the companies’ commitment to a reliable and sustainable energy supply.
Brazil’s Petrobras is expected to seek the entire 40% stake of Namibia’s Mopane oil and gas exploration block put up for sale by Portugal’s Galp, a director at the state-run oil firm said on Monday.
The oil and gas industry’s push towards energy transition and decarbonisation has experienced a slowdown in 2023, a trend likely to continue into 2024, according to a recent report by GlobalData.
China’s economic woes and property crisis have been weighing on global oil demand consumption and growth expectations this year.
Despite some renewed optimism in the wake of the Fed’s jumbo cut, concerns about China aren’t going away.
OPEC trimmed its oil demand growth forecast for 2024, citing concerns in China.
North Sea oil and gas operators are not just facing the prospect of higher windfall taxes, they are now also finding it more difficult to get loans from UK banks.
The windfall profit tax was imposed on the energy industry in 2022 amid record profits resulting from the supply uncertainty in oil and gas following the incursion of Russian troops into Ukraine.
According to data from Norwegian investment bank SpareBank 1 Markets, reserve-based lending to oil and gas operators in the UK’s North Sea had fallen by some 40-50% since the introduction of the windfall profit tax.
SLB and Aramco have signed an agreement with the aim of co-developing, commercializing, and utilizing digital solutions to help mitigate greenhouse gas (GHG) emissions in industrial sectors. These solutions would be integrated within SLB’s digital sustainability platform, building on the collaboration announced in 2022.
STRYDE has secured six new contracts with leading academic institutions to provide its solutions, including its newest seismic system, “The STRYDE Mini System”, across the US, Europe, and Africa. The Mini System is a complete nodal seismic system specifically designed to enable small-scale seismic projects, including research projects for the academic sector. STRYDE’s investment in […]
Fenix field is part of Argentina’s Cuenca Marina Austral 1 concession, where TotalEnergies is operator
TechnipFMC has been awarded two subsea contracts by Petrobras for the pre-salt fields offshore Brazil.