Business/economics
The deepest water depth project in Equinor’s portfolio, Raia aims to bring its gas onstream in 2028.
War-related damage to oil and gas facilities is expected to disrupt global supply chains for years, as backlogs for critical equipment continue to grow, Rystad Energy reports.
TotalEnergies will instead invest in the Rio Grande LNG plant, upstream conventional oil development in the US Gulf of Mexico, and shale-gas production.
-
BP and Equinor win four deepwater exploration blocks in the C-NLOPB’s call for bids. -
The deal upon closing at year-end would expand Marathon’s position in the south Texas shale play by 130,000 net acres.
-
The acquisition plan supplants earlier merger agreement with new terms and a potential faster timeline for the combination.
-
A leaner and wiser Weatherford seeks new Middle East contracts while growing margins and market share on existing business.
-
The world's two largest oilfield service outfits are riding a wave a renewed upstream spending while Baker Hughes posted its second straight quarterly loss.
-
In following some of the upstream industry's other big firms, the legacy oilfield service company believes the time for a change has come.
-
Billionaire-founder boosts his original offer made in June to secure the deal.
-
M&A market activity in the third quarter delivered the best showing of 2022 despite price volatility and a dearth of deals in the prolific Permian Basin.
-
The Permian Basin operator said the purchase translates to more than a decade of additional inventory.
-
The reduction is the largest OPEC+ has made since April 2020, but it may translate to a cut of only 1.1 million B/D because of underproducing members.
