Management
BW Opal FPSO has capacity for 850 MMcf/D of gas, which will be treated and sent on to the Darwin LNG facility, and 11,000 B/D of condensate, which will transferred via tanker.
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.
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Chevron strengthens its North American position with assets in the Permian, DJ, and Eagle Ford basins and offshore in Israel and West Africa. -
The legacy service provider operates in every major shale basin in the US and Canada. In court filings, it says it will seek additional funding to sell its equipment and wind down operations.
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Hydrogen from fossil fuels is not only an easier way to pivot to clean energy than going full-on renewables; it could also establish new businesses and generate tremendous revenue by leveraging the oil and gas industry’s existing knowledge and expertise.
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The combined company will target the renewables market. Aker Solutions intends to spin off its wind development and its carbon capture technology businesses into two new companies, which will be part of its renewable energy group, Aker Horizons.
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US crude exports to China have decreased from peak levels in May and June, but Vortexa said there may be unique opportunities looking forward.
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Lease Sale 256 was originally set for August but was moved due to COVID-19’s impact on the oil and gas markets. Bids will be accepted by mail only due to the ongoing pandemic.
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The Mozambique LNG project expects to achieve financial close in Q3.
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IHS Markit says the industry’s “striking pace of growth” and a dynamic commercial environment are fueling the movement to zero-carbon sources.
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The 18-month contract is for work in the Al-Nasiriyah oil field in southern Iraq’s Dhi Qar province.
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Technology innovation, job creation, inclusive and equitable recoveries, and sustainable electricity headline discussions at high-level summit.
