Business/economics
War-related damage to oil and gas facilities is expected to disrupt global supply chains for years, as backlogs for critical equipment continue to grow, Rystad Energy reports.
TotalEnergies will instead invest in the Rio Grande LNG plant, upstream conventional oil development in the US Gulf of Mexico, and shale-gas production.
ExxonMobil's Jason Gahr uses the five stages of grief to explain how the upstream industry should respond to the rise of AI.
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The agency’s short-term outlook forecasts modest declines in production for the rest of this year. -
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.
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Long the subject of rumored deals, Endeavor Energy is being snapped up at last in a deal valued at $26 billion.
