Business/economics
The cloud platform provider said the initiative is designed to help energy companies manage and analyze large-scale operational data.
The deal positions the merged company to benefit from an expected offshore drilling upcycle.
Suspended by force majeure since the spring of 2021, work on the Mozambique LNG project has restarted with over 4,000 workers now engaged onshore and offshore to meet a 2029 deadline for first LNG.
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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.
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The deal is expected to add over $1 billion in annual free cash flow to Chevron’s bottom line.
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The award includes two LNG ‘mega’ trains with a combined capacity of 16 mtpa.
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The $540 million joint acquisition is expected to close in June.
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The deal is expected to support the LNG exporter’s Sabine Pass liquefaction expansion project.
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This paper describes an approach implemented by the operator to solve research and development challenges by creating in-house infrastructure of both software and hardware.
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The French supermajor calls deal "more straightforward" than spin-off of business.
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Regulator hits the brakes on any Jeanne d’Arc Basin acreage offerings for 2023.
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Sinopec becomes the first Asian equity holder in the NFE expansion after having signed a 27-year sales and purchase agreement with Qatar, the longest term in the industry.
