Business/economics
The planned facility was designed to process 34 MMcf/D of associated gas into fully refined gasoline.
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.
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Oil boss tells CERAWeek attendees a healthy oil industry will push green energy investment. -
The US government is looking at the contractor’s books over possible sanctions violations.
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The $2.59-billion deal advances BP’s effort to divest $25 billion of its global proceeds by 2025.
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Since 2000, Brazilian Petrorecôncavo, which specializes in revitalizing mature onshore fields, has performed operations and project implementation services in most fields of the Remanso Cluster.
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The $533-million field has a production capacity of 27,000 BOE/D and estimated reserves of 1.2 billion BOE.
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After struggling for years to attract investors and develop its oil-rich fields, the kingdom will extract oil discovered in the Gulf of Thailand in 2004.
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Additional acreage in the North and Norwegian seas are also available in the 2021 round.
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ExxonMobil details its massive reduction in the value of its reserves, just as the benefits of all that hacking are starting to become apparent.
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Extremely cold weather left many Texas residents without power and caused oil prices to reach a 13 month high. What happened to the Texas power grid and are there ways to prevent similar difficulties in the future.
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Debt-riddled Premier will emerge as Harbour, seen valued at around $5 billion.
