Business/economics
The $5.1 billion ultradeepwater project is Angola’s first integrated cross-block development and sits at the top of Azule’s Southern African portfolio.
The Federal Reserve Bank of Dallas’ second-quarter energy survey reports improved business conditions, despite a mixed outlook on oil prices and input costs.
Equinor and its partners’ investment in the Troll West Increased Gas Recovery North (TWIN) project aims to unlock around 11 Bcm of additional natural gas from the Troll field, with first production targeted as early as 2028.
-
After tracking ARC Resources for more than 2 years, Shell is buying the company to access its tier-one Montney assets. -
Saipem can begin early subsea engineering on ExxonMobil’s Longtail project in Guyana under a Limited Notice to Proceed, while the operator awaits final investment decision and government sign-off.
-
A Dallas Fed survey update suggests few executives foresee a strong US production response, even with oil prices above $90/bbl.
-
Under the agreement, Trafigura will pay Gabon $1 billion for future crude export deliveries over 7 years.
-
The country’s foreign investment bid comes as Sonatrach launches its largest capital expenditure outlay—$60 billion to be spent from 2026 to 2030.
-
Fervo Energy and Vallourec have signed a 5‑year supply agreement to support large‑scale deployment of next‑generation geothermal across the US, establishing a fully domestic supply chain for geothermal well components.
-
War‑related infrastructure damage is beginning to influence global energy supply chains in ways that could reshape project development and capacity growth.
-
Sulzer and JSIL are teaming up to provide the service for oil and gas, power generation, and industrial operations.
-
The deal includes Waygate’s inspection portfolios and is expected to close later this year.
-
An asset swap with PDVSA helps consolidate the supermajor’s heavy-oil operations in the country.
