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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Pandemic gridlock, rerouting risk, and net-zero expectations are squeezing oilfield service companies into change. -
There are powerful indicators that the transformation of energy markets is accelerating, even though the world should not decrease its focus on stable oil and gas supply. Our industry will continue to play a strong role in the coming decades to provide sustainable energy.
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Deal expands PDC's D-J Basin holdings into northern Adams County, Colorado.
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The European energy sector is redrawing its energy map as BP, Shell, and Equinor announce plans to pull out of Russia. The moves will result in many billions of dollars in writeoffs.
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The second-largest oil and gas producer in the US says the deal will help meet its goal to produce 100,000 B/D of renewable fuel products by decade's end.
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Sanctions imposed on Russia spare the oil and gas industry because US elected leaders fear voter outrage over higher prices and short supplies.
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Offshore driller has almost a half billion in cash and a contract backlog of $2.2 billion.
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SponsoredTAQA aspires to be a leader in managing integrated projects in the Middle East-North Africa by providing technical services across the life cycle of oilfields as well as offering unique technologies for Geothermal and Carbon Underground storage projects
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The pipeline project was completed in September but whether it will flow is now as uncertain as ever as both Germany and the US seek to shut the project down.
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The acquisition adds well completions services for conventional and unconventional reservoirs.
