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.
-
US Gulf project will use a similar floating solution to the operator’s Vito project due onstream next year. -
Schlumberger beat Wall Street expectations in its second quarter and is seeing positive signals in its international growth prospects.
-
The US remained Europe’s biggest supplier of LNG in Q1 2021, a position it has held since mid-2019 when competition with Russia began to heat up.
-
The FBI also released a security advisory and details regarding 23 attacks on oil and gas companies from December 2011 to 2013.
-
A 2020 cyberattack resulted in the theft of 1 terabyte of information from the oil giant.
-
Halliburton and Baker Hughes both forecast moderate growth in their latest quarterly earnings reports.
-
The deal will see the gradual elimination of the production cuts that at the beginning of the pandemic totaled nearly 9.7 million B/D.
-
Russian oil major Lukoil expanded its Gulf of Mexico presence, acquiring a 50% operator interest in Mexico’s Area 4 offshore license area.
-
Data from the US Bureau of Labor Statistics point to a fourth consecutive month of job growth in the sector, led by Texas additions.
-
The latest move by Tellurian signifies a business model change from a financial partnership with LNG users to sales to traders.
