Business/economics
The firm’s latest analysis puts the bulk of the blame on a fragmented supply chain.
The supermajor said the fields are not expected to contribute meaningfully to its production profile by 2030.
Output is rising fast in the South American shale play and putting Argentina on a course to soon reach 1 million B/D.
-
The US-based drilling contractor and well completions company will combine to form the second-biggest service company in North America. -
A concurrent deal to sell off some of the acquired assets to Northern Oil and Gas will effectively lower the acquisition cost to $1 billion.
-
A Kimmeridge Energy executive said at the Unconventional Resources Technology Conference that he wants to "make unconventional resources investable in a low-carbon world."
-
The first long-haul overland conveyor system to deliver proppant is under construction in the Permian Basin.
-
Woodside Energy awards all contracts for major work at multiple fields, while Helix Energy secures significant plugging and abandonment job on the Gulf of Mexico shelf.
-
A look at recent first‑quarter results reminds us that there is no such thing as a constant trend in our industry. Continual recalibration of companies’ activities aim to obtain positive financial results in the traditional oil and gas business while devoting efforts in a practical way to both mitigate climate change issues and to develop new forms of energy.
-
No one expected the transition to be without hiccups, and recently, those hiccups have been heard within and outside the oil and gas industry.
-
The deal with XTO Energy adds about 62,000 net acres to Chord’s inventory.
-
Grupo Carso is securing a significant interest in the field ahead of final investment decision.
-
Production from the Dover field is expected to start in late 2024 or early 2025.
