Business/economics
The cloud platform provider said the initiative is designed to help energy companies manage and analyze large-scale operational data.
The deal positions the merged company to benefit from an expected offshore drilling upcycle.
Suspended by force majeure since the spring of 2021, work on the Mozambique LNG project has restarted with over 4,000 workers now engaged onshore and offshore to meet a 2029 deadline for first LNG.
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Compared with 2020, the largest discoveries made last year may hold just a third of the oil and gas reserves, according to new data from Westwood Global Energy Group. -
Grants have been offered to four separate pilot-style projects in order to test the geothermal potential of old oil and gas wells.
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Combination announced last November must still gain clearance from authorities in the UK and Denmark.
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Tight gas supplies, and uncertain Russian gas supplies mean sky-high prices for LNG suppliers now and a chance to lock in attractive contracts long term. But this opportunity won’t last forever.
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Oil production in the US is resurging and poised to refute some skeptics who believed domestic output peaked just prior to the COVID-19 pandemic.
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The acquisition gives Enterprise’s natural gas and NGL business an entry point into the Midland Basin.
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Regulatory uncertainty continues to hamper Canadian provinces in competition for hydrocarbon investment.
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Next month, the 23-nation group of crude exporters will raise its allowable production output by another 400,000 B/D.
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QatarEnergy expands business in Brazil with $1.3 billion co-bid for the rights to Sepia field.
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Eni and Italian energy infrastructure operator Snam are partnering to secure Italy’s North African gas supply and future hydrogen initiatives.
