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.
Output is rising fast in the South American shale play and putting Argentina on a course to soon reach 1 million B/D.
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A drop in the number of wells drilled on the UK Continental Slope is concerning as many fields in the mature basin are reaching the point of production cessation. -
The nearly $60-billion deal will see ExxonMobil more than double its Permian Basin output to over 1.3 million BOED.
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In recent weeks, we have seen headlines heralding the surge in M&A activity in the US shale sector. While the large figures might grab the headlines, the path to realizing these synergies on a company's P&L is littered with operational and supply chain challenges.
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The robot company said it plans to integrate 3D at Depth’s LiDAR inspection technology after the all-stock acquisition.
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French supermajor sells its pair of oil sands assets to focus capital on its oil and gas assets with low breakeven.
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The latest deal from Denver-based Civitas Resources brings its spending total this year to almost $7 billion.
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ADNOC's Ruwais LNG to be one of the first all-electric-LNG facilities in the Middle East.
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Aker Solutions, SLB, and Subsea 7 have joined to create a subsea engineering firm to drive innovation and efficiency in subsea production.
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The work scope for the project runs through year-end 2027.
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While many expect oil and natural gas to retain their roles in the energy mix of 2050, the more significant question should not only be on how much oil and gas will be needed but from where the world will find it.
