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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Grants have been offered to four separate pilot-style projects in order to test the geothermal potential of old oil and gas wells. -
Combination announced last November must still gain clearance from authorities in the UK and Denmark.
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Tight gas supplies, and uncertain Russian gas supplies mean sky-high prices for LNG suppliers now and a chance to lock in attractive contracts long term. But this opportunity won’t last forever.
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Oil production in the US is resurging and poised to refute some skeptics who believed domestic output peaked just prior to the COVID-19 pandemic.
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The acquisition gives Enterprise’s natural gas and NGL business an entry point into the Midland Basin.
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Regulatory uncertainty continues to hamper Canadian provinces in competition for hydrocarbon investment.
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Next month, the 23-nation group of crude exporters will raise its allowable production output by another 400,000 B/D.
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QatarEnergy expands business in Brazil with $1.3 billion co-bid for the rights to Sepia field.
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Eni and Italian energy infrastructure operator Snam are partnering to secure Italy’s North African gas supply and future hydrogen initiatives.
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The Omicron variant has spooked global markets and sent crude prices tumbling by more than $10/bbl since it was discovered in late November.
