Business/economics
Nitzana will enable Israel to double gas exports to Egypt from the giant Leviathan gas field in the Eastern Mediterranean.
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.
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The auction was held as the result of a US district court order issued in June that overruled the Biden administration's attempt to suspend lease sales. -
The fresh investment will result in the manufacture of new drilling-related equipment to assist the national oil company in boosting production capacity.
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JERA Americas will receive just over a quarter stake in the LNG exporter for $2.5 billion.
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“Where is Shell based?” The answer to that is likely to get simpler very soon.
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Although offshore drilling demand is slowly getting better, headwinds remain.
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Norwegian oil firm chooses Aker, Sevan, TechnipFMC and others to continue studying $8-billion-plus Barents Sea development.
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Union of rival contract drillers will create one of the largest offshore rig companies.
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Oil production from West Africa has fallen from last year’s depressed levels and will remain down without increased investment.
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Even though the market seemingly expected a 400,000 B/D increase from the oil exporting group, crude prices took a bit of a tumble.
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Already the largest producer in the gas-rich play, Southwestern has bolstered its status with the acquisition of the third-largest producer.
