Business/economics
Even as industry faces policy and tariff uncertainty, companies view spending on digital transformation as a driver of efficiency.
In lifting force majeure, TotalEnergies says it will restart construction on its Mozambique LNG project as soon as the government agrees to a revised budget and schedule that targets shipping first product in 2029.
A new Eni/Petronas venture is targeting 500,000 BOE/D in output from combined upstream portfolios across Malaysia and Indonesia.
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The Denver-based company bulks up its Permian position with the purchase of three EnCap Investment portfolio companies. -
The University of Texas at Austin leads new energy consortium in partnership with multiple entities from academia, national labs, and a research center for development of the Permian Energy Development Laboratory.
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Controversial Sale 259 was conducted as mandated by the Inflation Reduction Act of 2022.
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Chad’s dispute with ExxonMobil and Savannah Energy may be headed for a second round of arbitration before the International Chamber of Commerce in Paris.
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The Calgary-based shale producer said the deal involves at least 600 new well locations that will keep it drilling for the next 20 years.
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The proposed transaction also would be the first step in establishing a joint venture between BP and ADNOC.
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The massive offshore field inches closer to first production with the filing of the unit development plan with Mexican regulators.
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With mobilization in China normalizing, new Wood Mackenzie analysis expects the country to account for almost 40% of global growth in oil demand this year.
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Port Arthur LNG is expected to handle 13 mtpa of liquefied natural gas, with first LNG cargoes expected in 2027.
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Plaquemines Phase 2 is the first project to take FID in 2023 and is expected to be the next new LNG capacity in North America.
