Business/economics
State of Energy report also sees a widening role for natural gas due to robust global LNG demand.
Environmental report recommends shrinking the Alaska project to three drilling sites from the five initially proposed by ConocoPhillips.
Two PSCs have been sold to PSEP for $475 million.
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Proposed energy projects needing US federal permits will come under increased scrutiny related to the scope and magnitude of potential emissions. -
FSRU Exemplar will deliver natural gas to Finnish and Baltic markets via a decade-long contract with local transmission company.
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Offshore rig owner expands deepwater fleet in a transaction valued at just under $1 billion.
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Instead of insights, traditional economic yardsticks in mature fields can create surprises. Buyers, investors, and lenders need new yardsticks—besides those based on present value—in order to make profitable decisions in mature properties.
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NextDecade pushes the final investment decision on project to the first quarter of 2023.
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Leveraging its existing natural gas interests, plus renewables potential in Egypt and Mauritania, BP is now factoring in Africa to realize its global ambitions as a hydrogen producer.
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Barriers remain, but oil companies across the world are now in a position to reap big profits by capturing methane instead of flaring and venting it.
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Transocean rigs will start new contracts in Brazil in the second half of 2023.
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Development of these offshore fields carries a combined price tag net to Aker BP of $19 billion.
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Both companies are set to increase their investment in the Permian Basin in the new year.
