Management
Nearly 90% of investment since 2019 has gone to replacing lost production, with $570 billion in spending projected for 2025.
Months of due diligence and evaluation following proposed $18.7 billion deal results in no deal to purchase Australian operator.
Supermajor BP awards contract to same specialists who commissioned its Argos platform.
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The country’s 17th Bidding Round attracted bids on just five of the 92 blocks on offer… and all from Shell. -
The US producer also closed its acquisition of assets in the Permian through a deal with Primexx.
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The gas-focused producer said it will turn its attention to drilling programs on its Haynesville acreage.
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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.
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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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Aram block was awarded as part Brazil’s 6th Pre-Salt Round.
