Asset Management
As 50-50 joint venture partners in Arrow Energy, the operator of the Surat Gas Project, Shell and PetroChina will share the AUD 713 million (USD 501 million) cost of Phase 3.
The ultrasonic wellbore imaging firm is being taken over by Blackstone, the world's largest alternative asset manager.
New geothermal technical content and programming will highlight knowledge transfer among oil and gas and geothermal professionals.
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National oil companies (NOCs) globally are estimated to cut exploration budgets by over a quarter on average in 2020, said Wood Mackenzie. -
Qatar Petroleum entered into a farm-in agreement with Total E&P to acquire a 45% participating interest in two blocks located in the Ivorian-Tano basin, offshore the Republic of Côte d’Ivoire.
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McDermott’s restructuring comes 5 months after it filed for Chapter 11 protection. The company was struggling with debt since its 2018 acquisition of CB&I.
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Most crude exports coming out of the North Sea since March have been destined for Asia, where floating storage levels remain high.
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Approaches to carbon abatement using petroleum are discussed that have a strong chance to succeed in fulfilling technological and economic goals in reducing carbon.
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While oil- and gas-related companies slash budgets and staff and operators pull back from production and exploration, the tax coffers of US local and state governments are shrinking fast and with hard repercussions.
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PETRONAS, Universiti Teknologi PETRONAS (UTP), and the Society of Petroleum Engineers (SPE) recently collaborated on how best to leverage the collective strengths, expertise, knowledge of the industry, academia, and professional association.
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Askeladd Vest is Phase 2 of the Snøhvit gas development, which is expected to see an FID this year.
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Two of the biggest assets to suffer from the new valuation are in Australia. Shell’s QGC venture and its floating liquified natural gas facility, Prelude, have been reduced in value by up to $9 billion.
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Denbury Resources needs enhanced debt reduction. The company that does enhanced oil recovery using carbon dioxide it produces and transports has skipped a payment to creditors while it seeks a deal that would reduce its debts.
