Business/economics
Ultradeepwater prospects along the northern coast of Brazil could help offset decline in legacy basins, though permitting hurdles remain a wild card.
Output is rising fast in the South American shale play and putting Argentina on a course to soon reach 1 million B/D.
The next wave of unconventional growth will likely come from basins in Argentina, the Middle East, Australia, and elsewhere, fueled by expertise gained from shale plays in North America.
-
The $5.1 billion ultradeepwater project is Angola’s first integrated cross-block development and sits at the top of Azule’s Southern African portfolio. -
The Federal Reserve Bank of Dallas’ second-quarter energy survey reports improved business conditions, despite a mixed outlook on oil prices and input costs.
-
Equinor and its partners’ investment in the Troll West Increased Gas Recovery North (TWIN) project aims to unlock around 11 Bcm of additional natural gas from the Troll field, with first production targeted as early as 2028.
-
The US supermajor will use Permian Basin natural gas to support the hyperscaler’s AI business.
-
The Coral Norte FLNG is to be the mirror image of the Coral Sul unit, which shipped its first cargo in 2022 after it was put into service in Area 4 offshore Mozambique.
-
Barzan plant explosion that killed 13 and injured 66 occurred 2 days after production was restarted following a scheduled shutdown in December for routine maintenance.
-
Industry experts at URTeC assessed more than a decade of unconventional growth while discussing where productivity gains will come from next.
-
Assets consolidated into the Searah JV include Eni-operated deepwater gas-condensate developments in the Kutei Basin, offshore East Kalimantan, Indonesia.
-
Five agreements target more than 11 Tcf of offshore gas and include flare-reduction technology.
-
Disputes over tanker fees and the ongoing military operation in Lebanon represent potential fault lines for the tentative peace deal.
Page 1 of 179