Business/economics
The firm’s latest analysis puts the bulk of the blame on a fragmented supply chain.
The supermajor said the fields are not expected to contribute meaningfully to its production profile by 2030.
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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Norwegian energy company Equinor has acquired a 25% stake in the Bayou Bend CCS project from Houston-based Carbonvert. -
The deal is expected to support the LNG producer's Sabine Pass Liquefaction expansion project.
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The contractor will install flexible pipe and subsea structures on the field in Block 17 offshore Angola.
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Louisiana-based Commonwealth LNG project takes two steps forward with Baker Hughes order and Kimmeridge investment.
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The transaction will add significant high-quality inventory offset to Permian Resources’ existing core acreage in New Mexico.
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The acquisition of Crestwood Equity Partners extends Energy Transfer’s position deeper into the Williston and Permian basins and provides entry into the Powder River Basin.
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Work is to be executed offshore Congo, the US Gulf of Mexico, Romania, and Germany.
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Occidental has been an investor in the Canadian climate solution firm since 2019.
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A $700-million deal completes the operator's strategy to focus on its gas-rich developments in Pennsylvania and Louisiana.
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The projects are expected to remove more than 2 million metric tons of CO2 emissions annually from the atmosphere.
