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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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. -
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.
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The deal resulted from the exercise of ConocoPhillips’ preemption right to acquire the stake when operator Origin Energy had intended to sell it to US energy investment firm EIG Global Energy Partners for $2.12 billion.
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Company will add Molykote lubricants, designed for oilfield use, to its slate of materials offerings.
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Oil production is reaching new levels in the Permian Basin and it has created some uncertainty about where all the associated gas will go.
