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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Instead of insights, traditional economic yardsticks in mature fields can create surprises. Buyers, investors, and lenders need new yardsticks—besides those based on present value—in order to make profitable decisions in mature properties. -
NextDecade pushes the final investment decision on project to the first quarter of 2023.
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Leveraging its existing natural gas interests, plus renewables potential in Egypt and Mauritania, BP is now factoring in Africa to realize its global ambitions as a hydrogen producer.
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Barriers remain, but oil companies across the world are now in a position to reap big profits by capturing methane instead of flaring and venting it.
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Transocean rigs will start new contracts in Brazil in the second half of 2023.
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Development of these offshore fields carries a combined price tag net to Aker BP of $19 billion.
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Both companies are set to increase their investment in the Permian Basin in the new year.
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NewMed’s planned merger with Capricorn Energy may benefit the Israeli company’s Moroccan offshore activities considering that Capricorn had explored the same area in its previous business incarnation.
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This year has seen the highest amount of capacity sanctioned since 2010.
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ProPetro will provide committed services for a 3-year period to an undisclosed Permian Basin operator.
