Testing page for app

Eni appointed Claudio Descalzi, SPE, as CEO and general manager. Descalzi has been Eni’s CEO since 2014. He joined Eni in 1981 as an oil and gas field petroleum engineer and then became project manager for the development of North Sea, Libya, Nigeria, and Congo. In 1990, he was appointed head of reservoir and operating activities for Italy. His previous executive role…

SPE Journal

Askeladd Vest is Phase 2 of the Snøhvit gas development, which is expected to see an FID this year.

Two of the biggest assets to suffer from the new valuation are in Australia. Shell’s QGC venture and its floating liquified natural gas facility, Prelude, have been reduced in value by up to $9 billion.

For the first time, attendees will have open access to both societies’ technical programs, a combined exhibit floor, and joint networking events.

Denbury Resources needs enhanced debt reduction. The company that does enhanced oil recovery using carbon dioxide it produces and transports has skipped a payment to creditors while it seeks a deal that would reduce its debts.

The deal includes 15 global sites and over 1,700 staff expected to transfer to INEOS upon completion of the sale. The deal also follows BP’s announcement earlier in the month that it would cut 14% of its workforce.

An independent study pegged the cost of the project at about $2.6 billion, 80% of which Norway’s government planned to fund. The ministry said there is uncertainty about Northern Lights’ benefits and that it could prove to be unprofitable.

The drop in US LNG exports comes amid a combination of weak demand, ample supply, additional capacity coming on line, and flexibility to cancel US cargoes.

The distressed shale pioneer will wipe away nearly $7 billion in debt and is likely to make major asset sales as it attempts to restructure itself into a profitable business.