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.
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The two companies worked together in 2019 to improve execution techniques where Petrofac digitalized maintenance and inspection activity. -
Alan Nelson is not only the new chief technology officer at ADNOC, he is the company’s first person to hold the title at the integrated oil company.
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As the oil industry faces bankruptcies and shutdowns, a new analysis uncovers low inspection rates and almost no financial penalties—with a handful of exceptions.
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Two discoveries offshore Mexico add to April’s finding in the Norwegian Sea.
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FPSO sanctioning is at a minimum and few opportunities remain for FPSO suppliers to find new work and redeploy their vessels. Suppliers may be forced to accept day rate reductions in order to keep their vessels working.
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Penspen will also carry out engineering services on the Zirku Island plant.
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The latest cuts come less than 2 weeks after OPEC+ began the largest round of coordinated production curtailments ever agreed to.
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Oil companies large and small have pulled out the stops to stay on solid ground. Devon, Diamondback, and Parsley post latest cuts in production.
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With US oil prices struggling to top $25, oil companies and service providers are making deeper cuts this month to cope. The biggest come from Halliburton which may have shed 5,000 total jobs since the start of the year.
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So many unprecedented changes have occurred in the Canadian oil business that it is impossible to compare the current downturn to anything seen before.
