Gulf of Mexico
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Despite a trend toward renewables and low-carbon energy production among European majors, Total remains wholeheartedly committed to deepwater production. -
The emissions intensity of upstream Canadian oil sands production will continue to decline in coming years, falling to 30% below 2009 levels by 2030, a new report by business information provider IHS Markit says.
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What do 60,000 sensors on 1,200 pieces of equipment add up to? Hopefully, hundreds of millions of dollars in savings.
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Tellurian remains on track to receive all regulatory approvals and begin work on the export terminal in Louisiana, with an eye on a 2023 startup.
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ExxonMobil and Hess led the way in the most active regionwide US gulf lease sale thus far.
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With new projects scheduled to come on line later this year, the region, which mostly comprises states along the US Gulf Coast, will shift from being a source of natural gas supply to a source of growing demand.
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The US Army of Corps of Engineers pulled the permit application after the company requested an extension on a review deadline for the project, which could accommodate up to 6 million tons of LNG production annually.
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BP has seen enormous payoff from a program to intervene in underperforming subsea wells in the Gulf of Mexico.
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If approved by the US Department of Transportation, the port facility would allow VLCCs and other tankers to directly load cargo, potentially removing a major hurdle for US crude oil exports.
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The oilfield services and equipment sector, while optimistic, has not yet seen the effects of the improved oil price in the recovery of its overall business.
