Business/economics
Nearly 90% of investment since 2019 has gone to replacing lost production, with $570 billion in spending projected for 2025.
Months of due diligence and evaluation following proposed $18.7 billion deal results in no deal to purchase Australian operator.
The deal between the Republic of the Congo and the Chinese oil and gas company aims to develop the Banga Kayo, Holmoni, and Cayo blocks and raise national oil output to 200,000 B/D by 2030.
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Drillers are feeling good about higher oil prices, but only to a point. -
Azule Energy, a new E&P company, will be independently managed and one of Angola’s largest oil producers.
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Fresh restrictions will likely impact raw material markets globally as the EU and others attempt to squeeze the Russian economy following its invasion of Ukraine.
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The deal enhances the contractor’s presence in West Africa and provides for expansion in Southeast Asia.
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The White House has made its latest move against Russian oil and gas interests as it acknowledged that its European partners are not able to take such drastic steps.
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The combined company will control almost 1 million acres in the Williston Basin and daily production over 165,000 BOE/D.
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The largest US oil and gas company is ending its 25-year presence in Russia following its invasion of Ukraine and subsequent international sanctions.
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A week after its certification was halted, the company managing the Gazprom-operated pipeline has let go its staff and says its website has been attacked.
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In addition to manufacturing, the facility allows the company to expand its specialty chemicals research and applications for oilfield stimulation and production and better serve the region’s industrial water and process treatment markets.
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The 31-member group approved its fourth coordinated release since 1974 in response to the looming supply disruptions caused by Russia's invasion of Ukraine.
