Business/economics
Months of due diligence and evaluation following proposed $18.7 billion deal results in no deal to purchase Australian operator.
The deal between the Republic of the Congo and the Chinese oil and gas company aims to develop the Banga Kayo, Holmoni, and Cayo blocks and raise national oil output to 200,000 B/D by 2030.
The companies said they plan to start deploying digital twin technologies in Oman this year.
-
A Kimmeridge Energy executive said at the Unconventional Resources Technology Conference that he wants to "make unconventional resources investable in a low-carbon world." -
The first long-haul overland conveyor system to deliver proppant is under construction in the Permian Basin.
-
Woodside Energy awards all contracts for major work at multiple fields, while Helix Energy secures significant plugging and abandonment job on the Gulf of Mexico shelf.
-
No one expected the transition to be without hiccups, and recently, those hiccups have been heard within and outside the oil and gas industry.
-
A look at recent first‑quarter results reminds us that there is no such thing as a constant trend in our industry. Continual recalibration of companies’ activities aim to obtain positive financial results in the traditional oil and gas business while devoting efforts in a practical way to both mitigate climate change issues and to develop new forms of energy.
-
The deal with XTO Energy adds about 62,000 net acres to Chord’s inventory.
-
Grupo Carso is securing a significant interest in the field ahead of final investment decision.
-
Production from the Dover field is expected to start in late 2024 or early 2025.
-
The US supermajor is said to have struck a deal that may make it a major supplier of lithium, which is needed to expand the US electric vehicle market.
-
The deal is expected to add over $1 billion in annual free cash flow to Chevron’s bottom line.
