Business/economics
After years of market shocks, technological breakthroughs, and rising uncertainty, ATCE 2026 will provide new insights on how industry leaders and technical experts are preparing for the next era of the upstream business.
This guest editorial examines why geothermal projects require a different planning, financing, and development approach than traditional oil and gas projects.
As the pace of new discoveries slows and high-quality prospects become harder to find, oil companies may need to rely more heavily on mature fields to maintain production and support future supply.
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Pemex and Talos Energy have 120 days to decide how to share a massive offshore field that both companies claim they should operate. Failure to come to terms means the government will decide the matter. -
The drop in energy use caused by the coronavirus pandemic is not enough by itself to meet Paris climate ambitions, says DNV GL.
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The deal follows BP’s divestment of its global petrochemicals business in late June.
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While oil- and gas-related companies slash budgets and staff and operators pull back from production and exploration, the tax coffers of US local and state governments are shrinking fast and with hard repercussions.
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Nearly everything’s on the table as companies aim to shore up portfolios by curtailing investments and dumping low-priority assets.
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Petrobras has taken a 65.3-billion Brazilian real ($11.2-billion) impairment on its exploration and production (E&P) assets, warning investors that changes in consumer behavior resulting from the coronavirus pandemic would likely be permanent.
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In its May 2020 Short-Term Energy Outlook, the US Energy Information Administration (EIA) forecast US-marketed natural gas production to decrease by 5% in 2020. Production is expected to average 94.3 Bcf/D in 2020, down from 99.2 Bcf/D in 2019.
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McDermott’s restructuring comes 5 months after it filed for Chapter 11 protection. The company was struggling with debt since its 2018 acquisition of CB&I.
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Most crude exports coming out of the North Sea since March have been destined for Asia, where floating storage levels remain high.
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Two of the biggest assets to suffer from the new valuation are in Australia. Shell’s QGC venture and its floating liquified natural gas facility, Prelude, have been reduced in value by up to $9 billion.
