Business/economics
The firm’s latest analysis puts the bulk of the blame on a fragmented supply chain.
The supermajor said the fields are not expected to contribute meaningfully to its production profile by 2030.
Ultradeepwater prospects along the northern coast of Brazil could help offset decline in legacy basins, though permitting hurdles remain a wild card.
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Plaquemines Phase 2 is the first project to take FID in 2023 and is expected to be the next new LNG capacity in North America. -
The approval adds momentum to the Alaska North Slope’s production revival.
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A new report from Rystad Energy expects more than $200 billion will flow into greenfield offshore projects over the next 2 years.
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The Agogo Integrated West Hub Development Project is the first new major greenfield project awarded in Angola in more than 5 years.
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The Eagle Ford shale currently represents about 30% of Baytex’s total production.
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More than 2.0 mtpa of LNG to come from Plaquemines LNG and CP2 LNG facilities.
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Select Water Solutions will focus on water management and added assets in the Permian Basin.
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Record prices and the need for energy security are driving US LNG market momentum.
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The proposed sale notice consists of more than 300,000 acres in three designated areas offshore Louisiana and Texas.
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The company has tapped Bechtel to complete the front-end engineering and design study of the expansion, which would add 20 mtpa of LNG production capacity.
