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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Port Arthur LNG is expected to handle 13 mtpa of liquefied natural gas, with first LNG cargoes expected in 2027. -
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.
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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.
