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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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. -
The UK company will purchase oil producing acreage across the northern part of the south Texas Eagle Ford shale play.
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Equinor advances Irpa and Verdande field development projects closer to first oil with a raft of contract awards.
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An International Energy Forum report says oil and gas upstream capital expenditures increased to their highest level since 2014 but more is needed.
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State of Energy report also sees a widening role for natural gas due to robust global LNG demand.
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Environmental report recommends shrinking the Alaska project to three drilling sites from the five initially proposed by ConocoPhillips.
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Two PSCs have been sold to PSEP for $475 million.
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The authors of this paper describe the path of an operator’s successful exploration program that has integrated geologic and geophysical understanding and new technology to discover 8 billion BOE at the time of writing.
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Supermajor sells Central African operations for $407 million.
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Spending plans announced by oil and gas companies indicate that about 80% of their budgets are directed toward traditional E&P, efforts to reduce emissions and carbon footprints, and sustainable investment in new energy. It is reasonable to expect that with these budget increases, there will be an uptick in the employment of petroleum professionals.
