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 approval adds momentum to the Alaska North Slope’s production revival.
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A new report from Rystad Energy expects more than $200 billion will flow into greenfield offshore projects over the next 2 years.
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The Agogo Integrated West Hub Development Project is the first new major greenfield project awarded in Angola in more than 5 years.
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The Eagle Ford shale currently represents about 30% of Baytex’s total production.
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More than 2.0 mtpa of LNG to come from Plaquemines LNG and CP2 LNG facilities.
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Select Water Solutions will focus on water management and added assets in the Permian Basin.
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Record prices and the need for energy security are driving US LNG market momentum.
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The proposed sale notice consists of more than 300,000 acres in three designated areas offshore Louisiana and Texas.
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The company has tapped Bechtel to complete the front-end engineering and design study of the expansion, which would add 20 mtpa of LNG production capacity.
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The UK company will purchase oil producing acreage across the northern part of the south Texas Eagle Ford shale play.