Management
Nitzana will enable Israel to double gas exports to Egypt from the giant Leviathan gas field in the Eastern Mediterranean.
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.
-
Russia’s Lukoil will sell its entire 40% interest in the Rufisque, Sangomar, and Sangomar Deep (RSSD) contract area to Edinburgh oil and gas producer Cairn Energy for up to $400 million. -
Exploration and production independent CNOOC has produced first oil from its Luda 21-2/16-3 regional development in the Bohai Sea, offshore China.
-
The national oil company’s remote northern region has delivered a pair of greenfields that await further drilling before a reserves estimate can be made.
-
The moves are part of the company’s plan to consolidate its recently acquired business units to stabilize its business following the global pandemic and economic downturn.
-
The new geothermal project development company will offer expertise in subsurface and drilling, project development, and risk mitigation.
-
The V-shaped recovery for oil demand is likely to end up looking lopsided. The recent rapid rise in consumption is expected to stop before it gets back to the peak seen earlier this year.
-
An economic downturn and global pandemic are among many issues US midstream operators are dealing with in 2020, including exposure to upstream bankruptcies, limited M&A activity, and regulatory issues.
-
The US Bureau of Land Management’s August auction will be the first since March.
-
Several E&P and OFS companies have already filed for Chapter 11, but unless prices strengthen the total number of filings could be as high as 190 by 2022.
-
The oil and gas industry has increased financial security for many by providing well-paying jobs, yet those opportunities have not been available to all. How can the industry increase diversity and access to well-paying jobs for women, African-Americans, and other under-represented groups?
