Business/economics
The asset combination is structured under Eni’s “satellite model,” which Eni has deployed successfully with similar upstream joint-venture deals in Norway and Angola.
The US upstream sector began 2024 with $51 billion in mergers and acquisitions though Enverus outlines why the dealmaking may slow down.
Kampala is drawing now on international experience to sidestep the “oil curse” before first crude flows from its Lake Albert developments.
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Consortium suspends planned purchase of 50% stake in Israeli gas producer in light of ongoing military conflict in the region. -
The agency’s short-term outlook forecasts modest declines in production for the rest of this year.
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Block 3B/4B is on trend with nearby Namibian discoveries Venus and Graff.
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The supermajor will gain a 60% working interest and assume operatorship in the AREA OFF-1 block.
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With its North Field development project in full swing to the south and east, Qatar is now turning west to supercharge its plan to raise LNG production by almost 85% before 2030.
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The largest project to date will add a capacity of 250,000 B/D starting in 2025.
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Houston-based Chord is set to see its daily output increase to a basin-leading average of 287,000 BOE/D.
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An analysis from the Energy Workforce & Technology Council found that the sector's job availability for January 2024 decreased by 0.6% compared with December 2023.
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BP will offer up development concessions while ADNOC will provide cash for growth opportunities.
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Sales price will be linked to the Japan Korea Marker for a 20-year period.
