Business/economics
The deal between the Republic of the Congo and the Chinese oil and gas company aims to develop the Banga Kayo, Holmoni, and Cayo blocks and raise national oil output to 200,000 B/D by 2030.
The companies said they plan to start deploying digital twin technologies in Oman this year.
Egypt’s newest round of drilling agreements advances its quest to boost investment in mature fields to stop the freefall in gas production.
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The new vessels bring QatarEnergy’s fleet to 104 as the company ramps up production with its North Field expansion. -
As the biggest US companies grow bigger, the advantage of scale becomes clearer.
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The world's largest oilfield service company made the deal to expand its exposure to the less cyclical production segment of the upstream business.
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The partnership seeks to shift the economics of carbon capture across high-emitting industrial sectors.
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Blocked by sanctions from obtaining Western technology, Tehran has turned to its domestic service industry to expand production as Chinese demand reaches new highs.
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ExxonMobil and Aramco CEOs talk molecules, electrons, and the need to "abandon the fantasy of phasing out oil and gas" at the "Super Bowl of Energy" in Houston.
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The merged companies will emerge as a new company, Innovex International, increasing its global scale and footprint in growing markets.
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After becoming one of the first US independents to go big on CCS less than 3 years ago, Houston-based Talos Energy is making its exit.
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The project advances toward the final investment decision expected this year.
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Oil demand is a "growth story" as fuel demand shifts internationally, said Rice University's Kenneth Medlock at the recent SPE/IADC International Drilling Conference and Exhibition.
