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.
Output is rising fast in the South American shale play and putting Argentina on a course to soon reach 1 million B/D.
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M&A market activity in the third quarter delivered the best showing of 2022 despite price volatility and a dearth of deals in the prolific Permian Basin. -
The Permian Basin operator said the purchase translates to more than a decade of additional inventory.
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The reduction is the largest OPEC+ has made since April 2020, but it may translate to a cut of only 1.1 million B/D because of underproducing members.
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The pandemic shrank technical teams across the upstream industry, raising new and important questions about how training and knowledge sharing must evolve.
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The acquisition expands Talos' footprint in the deep GOM, giving it ownership stakes in key infrastructure.
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The ATCE Startup Village is a partnership between SPE and the Rice Alliance for Technology and Entrepreneurship at Rice University. Find out which firms took this year's top honors during the annual competition.
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The Sydney-based company announced it will also seek to exit all of its upstream permits with the exception of its major LNG joint venture.
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Vår Energi cited increased work scope, continued impact of global supply chain challenges for spike in the estimated cost of the Norwegian Continental Shelf project.
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The decision to spend more than $700 million comes 4 years after the French giant shelved the project amid low oil and gas prices.
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The energy giant is set to gain new leadership in the new year.
