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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The energy transition may drive a massive increase in renewable-power capacity in the electric market, but global demand growth is expected to be so strong, liquid fuel consumption could also be much higher in 2050. -
Alternative investment firm acquires LNG transportation specialist for $1.5 billion.
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The price of natural gas has more than doubled this year in many parts of the world. The ripple effects are starting to be felt, but how wide they will spread may not be known until winter comes.
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The 21st ministerial meeting between OPEC and its non-OPEC allied countries ended with no change of course. However, markets reacted by pricing in the potential of a supply shortfall.
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Sale of the assets could raise around $1 billion.
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Electric-powered fracturing fleets looked impressively resilient in 2020 amid what was otherwise a significant collapse for the hydraulic fracturing sector. Today, the situation is more complicated.
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Keeping your finger on the pulse of change requires diligence. Moving forward requires leaders, but without our commitment, the progress lags or stalls out.
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As Canada, Greenland, and even Norway shy away from developing their Arctic oil and gas resources, only Russia and the US remain in the game as Alaska seeks to renew interest in exploration and development of its North Slope.
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Tract is turned back by BP after operator fails to meet drilling obligation.
