Business/economics
After a decade and a half of declining production, Uzbekistan, ranked 15th worldwide in gas output, has been seeking foreign partners to revive and reverse the fortunes of its oil and gas industry.
While often associated with smaller discoveries, subsea tiebacks are playing a growing role in contributing to the broader energy mix.
The Houston-based enhanced geothermal developer scored $1.9 billion in an initial public offering, positioning it to expand projects in Utah and Nevada.
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The bank funded some €2 billion in projects last year. -
ADNOC’s drilling subsidiary has increased its rig fleet to 95 and plans to add “dozens” more by 2025.
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Annual report says that governments have the greatest capacity and responsibility to shape the energy future.
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Occidental Petroleum has closed on deals totaling $1.7 billion as part of its divestment program following its $38-billion takeover of Anadarko Petroleum.
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The long-struggling shale operator’s share price on 12 November closed at 67¢/share, a 25-year low.
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The deal, first announced in May, gives the Delek subsidiary 10 additional producing field interests in the UK North Sea, boosting its 2019 production by 300%.
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Chinese firms stepped in for the majors in Brazil’s two underwhelming offshore auctions.
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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.
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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.
