Management
Train 4 is expected to add 6 million tonnes per year of capacity to the South Texas liquefied natural gas project when it goes online in 2030.
The deal between the Republic of the Congo and the Chinese oil and gas company aims to develop the Banga Kayo, Holmoni, and Cayo blocks and raise national oil output to 200,000 B/D by 2030.
The companies said they plan to start deploying digital twin technologies in Oman this year.
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The Angolan project is expected to add 30,000 B/D of oil production by year-end 2024. -
Amin Nasser said the European energy crisis is a direct result of underinvestment in the oil and gas industry and poor contingency planning.
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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.
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The sale had 307 valid high bids worth more than $190 million.
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The Biden administration seeks to cut the cost of enhanced geothermal systems by 90% by 2035.
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To combat rising prices ahead of winter, the UK will subsidize household energy costs and work to expand domestic energy supplies across the board.
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The Rosmari-Marjoram project will be developed utilizing subsea wells and solar power.
