Asset Management
The transition away from materials that contain per- and polyfluoroalkyl substances (PFAS), co-called forever chemicals, creates an opportunity to preserve historical information. Information that appears to have little operational value today may later become important when organizations need to evaluate past PFAS use. Once that information is lost, recreating it may…
US buyers are looking for extra shale inventory and added another $18 billion in purchases in October alone.
TotalEnergies signed off for 30% operated stakes in the Lang Lebah and B14 gas fields offshore Sarawak on the sidelines of ADIPEC in Abu Dhabi, while also highlighting methane-reduction partnerships in Angola, India, and Southeast Asia.
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Sale to Total was completed 10 November -
With one of the world’s lowest electrification rates, Mozambique is moving to give its citizens a brighter future. Together with South Africa’s Sasol, the country endeavors to attract global EPCM companies and international financing to create a power generation hub fueled by gas from onshore fields.
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The new deal will focus on developing Arctic onshore blocks in a region where a successful LNG project already exists.
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Shale-based associated gas production is behind the phenomenon. When oil prices do not support production, associated natural gas production also stops, with little to no consideration of natural gas prices.
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The country has announced that it plans to phase out all oil extraction by 2050.
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The Houston-based exploration company will work with the Abu Dhabi National Oil Company if it strikes big in the vast onshore block.
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A partnership between Saudi Aramco and Baker Hughes will build a plant where they will work to expand the uses of nonmetallic oilfield hardware, beginning with high-performance reinforced plastic pipe.
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The supermajor said that it hopes to complete a megaproject in Kazakhstan before rerouting future spending to the Permian Basin and other developments.
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Zion expects to spud the Megiddo-Jezreel #2 well at its current well location near Bet She'an by the middle of this month. The new license may be extended for a total of 12 months.
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The move will give the new entity shareholding in PDO and remove PDO’s oil and gas expenditures from Oman’s state budget.
