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Two new wells will add 20,000 BOED to the field’s overall production volumes.

Researchers also determined the cuts would provide more than $600 billion a year in health benefits in the United States.

DNV’s report reveals that energy professionals believe cyberattacks on the industry are likely to cause harm to life, property, and the environment in the next 2 years but less than half of them believe that the security of their operational technologies is as robust as that of their information technology.

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Hydrogen fuels, storage, and production projects are on the go, while CCS and wind projects receive significant international boosts from the likes of INPEX, Chevron, Equinor, and Eni and Amazon splashes cash for more than three dozen renewables projects.

The big oil producers are balancing the chasing of more production with delivering dividends to shareholders. So far, the scale is tipping in favor of shareholders. But it’s not that cut and dried. Simplifying the complexity of the global market shines, at best, a narrow beam on some of the factors affecting production.

Upon closing, the newly combined oil company will boast 135,000 BOE/D and hold around 15 years’ worth of drilling locations in the Permian Basin.

New discoveries in the Meleiha concession add 8,500 BOE to production.

A new report shows that the tight offshore rig market is even tighter than most estimates reflect. This offers relief to battered drilling contractors which are now demanding higher dayrates.

Finland will operate the FSRU jointly with Estonia as part of an emerging LNG hub in the Baltic Sea region.