Business/economics
Nitzana will enable Israel to double gas exports to Egypt from the giant Leviathan gas field in the Eastern Mediterranean.
Nearly 90% of investment since 2019 has gone to replacing lost production, with $570 billion in spending projected for 2025.
Months of due diligence and evaluation following proposed $18.7 billion deal results in no deal to purchase Australian operator.
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Amid weakening confidence and volatile market conditions, greater efficiencies and decarbonization are at the center of the industry’s agenda. -
The withdrawal comes at a time of increasing tension between the US and Iraq, which makes investment in the country riskier.
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The companies will focus on research and development to reduce CO2 emissions and promote the circular economy.
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Sharp reductions in operating expenses has rekindled growth and exploration in the UK North Sea, but this fragile recovery will require a continued luck in exploration drilling and a focus on holding the line on costs, which are still high.
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Landmark deal called most significant since 1979 peace treaty.
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The head of the world’s largest oil company calls the current discussion of climate change too narrowly focused.
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The amount of oil and gas resources approved for development last year surpassed 20 billion BOE, the highest level seen since 2011. Telltale signs have emerged that we are entering a new offshore investment cycle.
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Stress Engineering Services (SES) acquired Laserstream, a company specializing in laser mapping of tubular assets. The acquisition will add high-resolution pipe inside-diameter scanning hardware and imaging software to SES’ technology portfolio for its service offering of nondestructive testing, asset condition-based maintenance and monitoring, predictive data analyti…
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Sparrows Group was awarded a 5-year contract with Tengizchevroil (TCO) to deliver specialist lifting inspection services for the Tengiz field in Kazakhstan.
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Saudi Arabia’s oil minister said OPEC must continue to work toward market stability to allow needed oil and gas investment to go forward.
