Business/economics
After becoming one of the first US independents to go big on CCS less than 3 years ago, Houston-based Talos Energy is making its exit.
The project advances toward the final investment decision expected this year.
Oil demand is a "growth story" as fuel demand shifts internationally, said Rice University's Kenneth Medlock at the recent SPE/IADC International Drilling Conference and Exhibition.
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Consortium suspends planned purchase of 50% stake in Israeli gas producer in light of ongoing military conflict in the region.
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The agency’s short-term outlook forecasts modest declines in production for the rest of this year.
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Block 3B/4B is on trend with nearby Namibian discoveries Venus and Graff.
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The supermajor will gain a 60% working interest and assume operatorship in the AREA OFF-1 block.
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With its North Field development project in full swing to the south and east, Qatar is now turning west to supercharge its plan to raise LNG production by almost 85% before 2030.
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The largest project to date will add a capacity of 250,000 B/D starting in 2025.
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Houston-based Chord is set to see its daily output increase to a basin-leading average of 287,000 BOE/D.
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An analysis from the Energy Workforce & Technology Council found that the sector's job availability for January 2024 decreased by 0.6% compared with December 2023.
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BP will offer up development concessions while ADNOC will provide cash for growth opportunities.
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Sales price will be linked to the Japan Korea Marker for a 20-year period.
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