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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Kuwait Petroleum’s managing director of planning and finance said that more investment will be needed to keep Kuwait’s mature oil fields flowing while production is brought on stream. -
The proposed joint venture aligns with Eni's satellite model strategy to create entities that manage operations and access capital markets separately from the parent company.
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The supermajor is making a major course correction as it plans to slash renewable investment and focus more on oil and gas development.
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Key drivers of the rapid growth projection include Asia’s economic outlook and the rise of artificial intelligence.
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The engineering and construction firms take the first steps toward combining companies.
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The Midland, Texas-based operator said the deal hands it the biggest remaining target in the Midland Basin side of the Permian Basin.
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Equinor will reduce investments in renewables over the next 2 years by 50% to $5 billion and will increase its focus on oil and gas production, expecting more than 10% growth from 2024 to 2027.
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Analysts at Enverus Intelligence Research and Rystad Energy report that US shale consolidation has largely run its course.
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Global offshore decommissioning projects hear the starting gun in Australia and the North Sea, but will the race be a marathon or a sprint?
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Diversified Energy announces its largest deal yet to buy private equity-owned Maverick Natural Resources.
