Business/economics
War-related damage to oil and gas facilities is expected to disrupt global supply chains for years, as backlogs for critical equipment continue to grow, Rystad Energy reports.
TotalEnergies will instead invest in the Rio Grande LNG plant, upstream conventional oil development in the US Gulf of Mexico, and shale-gas production.
ExxonMobil's Jason Gahr uses the five stages of grief to explain how the upstream industry should respond to the rise of AI.
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The $206 million deal for the fields offshore Trinidad and Tobago is expected to close in the third quarter of 2025. -
The company said that adding Altair technology to its Xcelerator open digital business platform will create the world’s most complete AI-powered portfolio of industrial software.
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The agreement allows BP to maintain control over its stake in the TANAP pipeline, which transports gas from the Caspian Sea to Europe through Turkey, while unlocking nearly $1 billion in capital as part of its divestment program.
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Argentina’s YPF forecasts the $3 billion oil pipeline and export terminal will carry 180,000 B/D when it goes onstream in 2026.
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The new joint venture aims to apply US expertise to unlock Turkey's domestic unconventional resources, helping it to achieve its goal of energy independence and to become a regional hub and major exporter of LNG.
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The supermajor believes oil and gas will continue to play a major role in the global energy mix over the next 25 years.
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A roundtable discussion during CERAWeek pointed to the necessity of a mindset shift for the oil and gas industry to tap into AI’s true potential.
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Industry leaders say they believe oil and gas will continue to play a pivotal role in the energy mix in the lengthening energy transition timeline.
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Experts speaking at CERAWeek 2025 lauded industry's shift from focusing on the energy transition to prioritizing oil production.
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The new company, to be called Whitecap, will be the largest Alberta Montney and Duvernay landholder, sporting 370,000 BOE/D in combined production.
