Asset Management
The deal includes Waygate’s inspection portfolios and is expected to close later this year.
An asset swap with PDVSA helps consolidate the supermajor’s heavy-oil operations in the country.
Co-owner Chevron confirmed the find at the Bandit prospect offshore Louisiana and suggested it may become a subsea tieback to existing faciltiies operated by Occidental Petroleum.
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SwRI’s EZ Flow treatment process is intended to cut down on cost and energy intensity of heavy-crude pipeline transportation. -
Chevron is having to drill a fifth production well at Israel’s Leviathan natural gas and gas-condensate field to keep production ahead of rising demand, driven by exports to Egypt’s growing LNG hub.
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The deal will see the gradual elimination of the production cuts that at the beginning of the pandemic totaled nearly 9.7 million B/D.
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Russian oil major Lukoil expanded its Gulf of Mexico presence, acquiring a 50% operator interest in Mexico’s Area 4 offshore license area.
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Data from the US Bureau of Labor Statistics point to a fourth consecutive month of job growth in the sector, led by Texas additions.
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The latest move by Tellurian signifies a business model change from a financial partnership with LNG users to sales to traders.
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The new partnership will look to stabilize the energy supply chain in an environment of change for the industry.
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A new report finds that, as many nations lost billions in recoverable reserves last year, the smaller footprint may put the industry on course to align with the world's climate targets.
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With a boom in offshore wind construction expected to start in 2025, Subsea 7 is dealing now to grab a larger share of this burgeoning sector.
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As a global pandemic continues, the London-based company's annual lookback has found that last year's pain was not shared evenly across the energy spectrum.
