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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French supermajor sells its pair of oil sands assets to focus capital on its oil and gas assets with low breakeven. -
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.
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The Biden Administration plans for a maximum of three lease sales in the Gulf of Mexico from 2024 to 2029.
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The company is set to supply offshore well services and subsea systems for Vår Energi-operated fields on the Norwegian Continental Shelf.
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Operator pays $400 million for a 40% stake in tract that contains the $6-billion Cameia/Golfinho project.
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The heated global jackup rig market has day rates for premium units climbing higher.
