Business/economics
The supermajor said the fields are not expected to contribute meaningfully to its production profile by 2030.
Output is rising fast in the South American shale play and putting Argentina on a course to soon reach 1 million B/D.
Ultradeepwater prospects along the northern coast of Brazil could help offset decline in legacy basins, though permitting hurdles remain a wild card.
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The Denver-based independent is boosting its position in the Canadian shale play by 109,000 net acres, and about 70,000 BOE/D. -
The deal follows an asset swap on the same acreage earlier in the year and increases Equinor’s natural gas holdings in the region.
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Olivier Houzé discusses his views on SPE finances, including a historical perspective, the effects of downturns and the COVID-19 pandemic, ongoing recovery, and future plans.
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The birthplace of Royal Dutch Shell, Indonesia and Malaysia, buck trends and grow their gas and oil industries, expecting a record number of final investment decisions in the next 4 years in gas, deep water, and carbon capture projects to support Southeast Asia’s booming economic growth.
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With finite oil reserves, infinite innovation will allow the Permian to endure.
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Following 2 years of setbacks, the deal to shift the US supermajor’s assets to a local operator has finally closed.
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Driller expects $370 million, all-stock transaction to close in early 2025.
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The third quarter marked the first reporting period that two publicly traded US oil and gas companies did not combine since 2022.
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Canadian Natural Resources strengthens its position as a leading oil and gas producer in Canada.
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The agreement formalizes JV ownership of Turnwell Industries which ADNOC Drilling created to manage a $1.7 billion unconventional drilling contract awarded in May.
