Business/economics
Data centers could add up to 6 Bcf/D of US gas demand by 2030, creating a new opportunity for producers and reshaping how oil companies think about electricity supply.
The chair of the SPE Georgetown Section outlines how balanced, apolitical dialogue can support development amid rapid energy expansion.
This paper highlights the effects of tax credits on business operations for midstream companies in the Permian Basin.
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Spain’s Repsol will assume 100% interest in and operatorship of the joint venture as Equinor leaves the 9-year partnership. -
Just three firms submitted bids in an auction many are deeming as a disappointment for Brazil.
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The 2019 World Oil Outlook projects tight-oil supplies to rise to at least 75% of total US production before retreating.
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Lower oil prices, increased operator focus on capital discipline, and diminishing access to capital are choking off once-soaring US oil production growth.
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The US major has had a stake in the field since it started production in 1997. It produced 584,000 B/D of oil last year.
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The world’s most profitable company will be listed on a domestic exchange next month. The final valuation of the company is yet to be determined.
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NextDecade and Mubadala Investment Co. have reached agreement for Mubadala to purchase $50 million of NextDecade’s common stock in a private placement. The capital buoys the development of the Rio Grande LNG export solution linking Permian Basin associated gas to the global LNG market.
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Technip Energies will work on a backlog comprising more than 50% in LNG-related business. Retaining the TechnipFMC name, RemainCo will generate nearly 90% of its revenue outside the US and Canada.
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Service firms are diversifying their portfolios, in part driven by large-scale budget cuts among operators since the industrywide downturn.
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GAO believes BOEM often undervalues its tracts offered to operators in offshore lease sales.
