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The International Energy Agency recently said the oil and gas industry is spending far too little on clean energy technologies.
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Suncor Energy brought the Terra Nova FPSO back into production as part of an extensive field life extension project offshore Newfoundland and Labrador.
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The job will increase the Heerema vessel’s second main hoist capacity by 1200 mt.
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Australian explorer purchases minority stakes in Who Dat and Dome Patrol deepwater fields.
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The Haewene Brim FPSO will need repairs to a pair of mooring connections before it can restart operations.
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The agreement covers the upstream to downstream sectors, focusing on global business and development of human capital.
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The shale revolution has not yet finished its course, but the boom is well past. The next boom is the energy transition, and it, too, will reward those who see and act early.
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The companies have agreed to study the development of geothermal energy in Indonesia to further the country’s goal of adding 3.3 GW of geothermal capacity by 2030.
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With the startup of South Ghawar field complete, the Saudi national oil company can look toward the commercialization of its tight-gas giant, Jafurah.
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Several projects have been scrapped across the US as inflation causes project costs to soar, while projects in Costa Rica and Rotterdam move forward.
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Permian Basin oil wells produce a lot of water. Much of it is injected into disposal zones above and below the basin’s primary oil- and gas-producing zone. When water is injected into these disposal zones, the pressure increases, mainly because no fluid is concurrently removed. Is this increase in pressure a concern? The data would suggest yes.
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First production from the US supermajor's Arkansas lithium-rich asset is expected by 2027.
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