Business/economics
In lifting force majeure, TotalEnergies says it will restart construction on its Mozambique LNG project as soon as the government agrees to a revised budget and schedule which targets shipping first product in 2029.
A new Eni/Petronas venture is targeting 500,000 BOE/D in output from combined upstream portfolios across Malaysia and Indonesia.
The merger creates one of the largest oil-focused independents in the US with output of 526,000 BOE/D.
-
Global offshore decommissioning projects hear the starting gun in Australia and the North Sea, but will the race be a marathon or a sprint? -
Diversified Energy announces its largest deal yet to buy private equity-owned Maverick Natural Resources.
-
International majors showing new interest in Iraq as China scoops blocks in Baghdad’s most recent bid rounds.
-
The agreement aims to accelerate new commercial technologies that address challenges with geothermal development.
-
Rystad Energy and Wood Mackenzie highlight key factors shaping the balancing act in the upstream oil market.
-
Aramco expects to complete Phase 1 construction of the 9-mtpa facility in 2027.
-
Operators remain cautiously optimistic in 2025, despite regulatory uncertainties.
-
The Libyan National Oil Company plans to tender 22 onshore/offshore exploration blocks in 2025 as it works to rebuild credibility with foreign oil producers.
-
The acquisition, expected to close in early 2025, will bring Optime Subsea’s umbilical-less technology into Halliburton’s Testing and Subsea division.
-
Operator TotalEnergies and rig owner Vantage Drilling form joint venture to purchase the Tungsten Explorer.
