Business/economics
Even as industry faces policy and tariff uncertainty, companies view spending on digital transformation as a driver of efficiency.
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.
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Operator TotalEnergies and rig owner Vantage Drilling form joint venture to purchase the Tungsten Explorer. -
As Southeast Asia’s third-largest gas producer, PTTEP is investing in its energy security by prioritizing gas production and building up a global LNG supply chain.
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SponsoredWhile WACC is frequently used as the base discount rate for corporate-level decision-making, using it as a universal discount rate for projects can result in inaccurate project valuations. Incorporating the opportunity cost of capital provides a more nuanced and accurate approach to project evaluation.
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The world’s reliable engine of crude demand growth is stalling out, and its impact on the upstream market is already being felt.
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Oil price visibility, projects competing for funds, and regional market softness are all factors resulting in muted demand for deepwater rigs this year.
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Australia’s Ichthys LNG facility will provide feedstock, along with production from legacy Japanese gas fields that will also serve as repositories for CO2 storage.
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Canadian operator expands its Deep Basin gas footprint in Alberta, adding 700 new drilling locations.
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Arcius’ remit covers the Shorouk concession, home to the Zohr gas field whose production decline has been fueled by a lack of investment.
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Deepwater subsea tieback expected online by the end of the decade, targeting more than 300 million BOE.
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The acquisition will add water infrastructure in both the Midland Basin of west Texas and the Williston in North Dakota.
