Business/economics
The transaction is expected to strengthen the company's position in Alberta’s oil sands and unlock annual synergies of $54 million.
US buyers are looking for extra shale inventory and added another $18 billion in purchases in October alone.
New rules requiring Mozambique’s LNG industry to supply 25% of production to the domestic market could stabilize gas deliveries to South Africa’s Secunda industrial center as the Pande and Temane gas fields near depletion.
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DNV notes that energy and industrial process-related carbon emissions will have dropped by 2050 by only 44% from today’s level, not even halfway to the net-zero pledge envisioned by the Paris climate agreement. -
The UAE project is expected to produce up to 345 MMscf/D by 2029, with expansion potential to 1 Bcf/D.
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Forecasters are divided on whether falling crude demand is a temporary response to high prices or a lasting course correction for global consumption.
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The deal expands TotalEnergies' exposure to US deepwater exploration acreage in the Green Canyon and Walker Ridge areas.
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Industry forecasts point to increasing upstream expenditure and production, even as geopolitical volatility and smaller discoveries challenge project economics.
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The Norwegian operators will collaborate on technology development, standardization, and well-stimulation solutions aimed at making tight oil and gas resources commercially viable in the NCS.
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Merger unites two Appalachian leaders and adds decades of drilling inventory.
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Speakers at ATCE said innovative technologies will play a critical role in balancing energy security, affordability, and sustainability in the years ahead.
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Industry fundamentals continue to strengthen as rising utilization and scarce replacement capacity support higher rig valuations.
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The GRMS system of standardization and classification for geothermal resources, led by a coalition of stakeholders in collaboration with Project InnerSpace and the Society of Petroleum Engineers, will be published in November.
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