Asset Management
The Absheron gas field expansion will supply additional natural gas to Azerbaijan’s domestic market and support its export commitments to Turkey, allowing Baku to stay focused on meeting its gas export obligations to Europe.
Trafigura will purchase 100,000 metric tons of battery-grade lithium products under a decade-long take-or-pay contract valued at over $2 billion.
A credible custody-transfer record depends on far more than the accuracy of a single meter. It is the product of an integrated measurement chain. While meter performance supports measurement-system integrity, commercial confidence also depends on traceability, governance, and authorization.
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Amidst a conflict between Vietnam and China over the South China Sea, the Malaysian company’s 10-year deal to supply an FPSO for the Ca Rong Do offshore field is now history. Repsol, the operator of Ca Rong Do, suspended the project last year in the wake of government pressure. -
The report reveals there is no single pathway to a decarbonized energy mix. A combination of energy sources—primarily gas and renewables—will be the quickest route to delivering a supply of affordable, decarbonized energy in the lead-up to the midcentury.
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Cheniere Energy signed a long-term LNG supply deal with exploration and production company EOG Resources. Under the terms of the agreement, EOG will sell natural gas to Cheniere over a period of approximately 15 years beginning in 2020, with the quantity starting at 140,000 MMbtu/D and eventually increasing to 440,000 MMbtu/D. The first 140,000 MMbtu/D of LNG will be …
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As part of a plan to increase revenue to more than $1 billion by 2023, the engineering and construction company is moving away from large offshore platforms with fixed substructures, saying that it expects to win and execute a series of FPSO projects in the future.
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The deal sees Energy Transfer gain, among other assets, various crude and natural gas liquids pipelines running from the Denver-Julesburg and Anadarko Basins.
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As part of a deal that could net up to $3 billion, GE will lose majority control of Baker Hughes just two years after it acquired the oilfield service company.
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Still recovering from the oil price downturn, oilfield service companies are facing more headwinds.
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ExxonMobil confirmed an exclusivity agreement with Var Energi for negotiations of a sale that could reach $4 billion, according to Reuters. If it goes through, the deal would make Var Energi the second-largest producer on the Norwegian Continental Shelf.
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In his first public appearance, Schlumberger’s new CEO said the company would focus on digitalization and restructure some operations.
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Apache has announced the extension of life-of-field contracts between its North Sea subsidiaries and PD&MS Group, Global E&C, and Wood Commissioning Services. The extensions cover the provision of ad-hoc design, engineering, procurement, construction, and commissioning services across the Beryl and Forties fields. Apache, which has been working with the companies sinc…
