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.
-
Second-quarter earnings for the three biggest oilfield service companies arrived with some new takes on where the market is headed. -
A new report shows that the offshore oil and gas sector is cautiously getting back to work, with some projects delayed and while EPC awards for sanctioned projects remain robust.
-
For those with an oil company to sell, an oil price of $100/bbl is not what it used to be.
-
The Oil and Gas Methane Partnership 2.0 counts more than 80 upstream companies as members, representing more than 30% of global production.
-
Nations coming together with common interests and approaches to energy is a hallmark of the modern times. Nations in South America and the Caribbean are also joining the trend via strategic energy alliances as disclosed by the presidents of Guyana and Suriname at a recent conference in Suriname, Paramaribo.
-
If OPEC's expectations for demand hold true, the 13-member exporting group will need to add more than 3 million B/D to the market by the end of next year.
-
QatarEnergy has selected Shell as its fifth and final international partner on the expansion project.
-
The company has renamed itself Orrön Energy and will be a pure-play renewables business. Lundin's E&P business was transferred to Aker BP, closing a $14-billion deal announced in December 2021.
-
The Russian president has signed a decree that appears to nationalize the Sakhalin-2 offshore oil and gas production-sharing agreement and related LNG facilities to squeeze out its foreign partners.
-
Although energy efficiency has long been mentioned as a means toward achieving Paris Agreement goals, the “more exciting” announcements about carbon capture and storage grabbed attention. Will concerns about energy security and high prices help bring it to the forefront?
