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.
-
Write-offs include billions for early-exploration-stage projects that the company will now cut. -
With the acquisition of Magnolia LNG, along with its Texas LNG Brownsville project, Glenfarne Group expands its export capacity to 12 mpta.
-
Work has resumed on Energan’s Singapore FPSO; subsea installation for the Karish project continues as planned.
-
Weatherford announced that Mark A. McCollum, president, CEO, and a director, has left the company, effectively immediately.
-
-
The leadership change comes amid a downturn in global crude prices which has lowered the national oil company’s revenues this year. Taking over the position will be the current chief financial officer.
-
Although oil prices were down on 8 June, the market is expected to see higher prices in response to the OPEC+ decision to continue production cuts.
-
Forecasts are lowered for levels of E&P, budgets, and project sanctioning.
-
The Permian Basin is now influencing the upstream water market on the way down, while many questions swirl around the implications of unprecedented shut-ins.
-
