Business/economics
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.
ExxonMobil's Jason Gahr uses the five stages of grief to explain how the upstream industry should respond to the rise of AI.
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Only about one-third of Africa’s discovered hydrocarbon resources have reached commercialization. -
A presidential decree extends ExxonMobil’s chance to possibly recoup part of the $4.6 billion loss it suffered after exiting its flagship Russian asset in spring 2022.
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The $1.3-billion deal targets DJ Basin assets producing 35,000 BOEPD, and Japex aims to increase that output to 50,000 BOEPD around 2030.
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The Nigerian Upstream Petroleum Regulatory Commission has set its sights on anticorruption efforts for the 2025 Licensing Round, which began on 1 December.
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The latest corporate plan drops the amount the company says it will invest in low-carbon efforts by $10 billion from last year’s plan.
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The Federal Reserve Bank of Dallas’ fourth-quarter energy survey shows that oil prices and geopolitical uncertainty are curbing enthusiasm heading into the new year.
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The transition follows a broader effort within BP to reorganize management and direct more capital to oil and gas projects.
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Fugro’s entry into the UK’s small modular reactor market follows its breakthrough in the US, where it secured a contract in February to perform a geoscience site investigation for the recommissioned Palisades Nuclear Power Plant in Michigan.
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Deepwater blocks drew most of the attention in the first lease sale for the offshore region to be held in 2 years.
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Project financing raised by JP Morgan will enable YPF and its partners Eni and ADNOC’s XRG to launch Phase 2 of Argentina LNG, boosting production to 18 mtpa by 2030–2031.
