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.
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ExxonMobil's departure leaves BP and Shell as the last international oil companies in Iraq. -
ADNOC aims to shift $19 billion in procurement contracts to local manufacturers to grow the UAE economy and attract new investment.
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Eni and ConocoPhillips will join TotalEnergies as international partners with QatarEnergy on the North Field East Expansion, the world’s single largest LNG project ever.
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Gentari aims to develop and deliver conventional renewable energy, hydrogen, and electric vehicle solutions in Asia Pacific and beyond.
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QatarEnergy has tapped TotalEnergies as its first international joint venture partner for the North Field East expansion—the world’s largest LNG project ever.
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The UK supermajor is selling off its Sunrise oil sands stake for cash, interest in the undeveloped Bay du Nord complex off Newfoundland.
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The 23-country group is seeking to end its historic supply cuts a month early as oil prices march upwards.
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The big oil producers are balancing the chasing of more production with delivering dividends to shareholders. So far, the scale is tipping in favor of shareholders. But it’s not that cut and dried. Simplifying the complexity of the global market shines, at best, a narrow beam on some of the factors affecting production.
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The Offshore Technology Conference drew nearly 25,000 participants, showing renewed interest in in-person meetings following the successful ADIPEC and IPTC conferences.
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The EU has voted to immediately ban Russian oil imports supplied by tanker, a two-thirds cut in deliveries, while member states aim for a 90% import shutdown by yearend when Germany and Poland have pledged to phase out their Russian pipeline supplies.
