Management
The proposed joint venture aligns with Eni's satellite model strategy to create entities that manage operations and access capital markets separately from the parent company.
Mero expects to increase its production capacity to over 700,000 B/D.
The supermajor is making a major course correction as it plans to slash renewable investment and focus more on oil and gas development.
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Viking Energy, the world’s first LNG-powered supply vessel, is set to become the world’s first ammonia-powered supply vessel. -
A Houston-based geothermal startup just got "liked" by the parent company of Facebook.
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Proving that green hydrogen can efficiently power steel pipe manufacturing could advance the EU’s plan to decarbonize its heavy industry by importing the sustainable fuel from North Africa after 2030.
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Investment in the Kingfisher and Tilenga upstream projects together with the East African Crude Oil Pipeline and a new refinery represents a $20-billion economic lift to the country.
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The operator will move forward with its multibillion-dollar Northern Hub project while planning for additional exploration drilling in the region.
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Rig counts are down since 2023, but well productivity is marching forward.
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The industry is balancing brains and bots as it squeezes out barrels of oil production.
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The deal comes only weeks after the private equity firm purchased a natural gas-fired plant operator.
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At peak, annual production from the two fields offshore Italy is expected to reach 1.5 Bcm.
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Cost concerns temper public appetite for clean energy while companies struggle to find investors for projects.
