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The company plans to split when the markets recover.

Wood will provide the FEED and design for the offshore project. First oil is anticipated in 2024.

Phillips and Trafigura JV expected to load VLCCs. The project is in the permitting stage with an FID expected this year.

Because the greenfield can use existing infrastructure, the Norwegian operator says it will count as a low-carbon development.

The Damietta LNG plant is expected online by June 2020. The plant will be owned by ENI, EGAS and EGPC.

The stabilization and economic development of Mozambique’s northernmost province of Cabo Delgado requires approaches that build community capacity and restore trust not only in the government and its public service delivery mechanisms but also in the oil and gas corporations investing in the region.

Train 2 has a projected export capacity of 4 mtpa. Train 3 is expected to reach production in Q2 2020.

BP, ENI, Equinor, Shell and Total to develop Net Zero Teesside Project. The project aims to capture 6 mtpa of CO2 emissions.

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Led by Texas and New Mexico, year-over-year crude output jumped by 11% according to the US Energy Information Administration. Going forward, new records will be set but at a slower pace.