Management
US EIA data show exports rising from 0.5 Bcf/D in 2016 to 15 Bcf/D in 2025, positioning the US as the world’s largest LNG exporter with further capacity growth expected next year.
The agreement follows the discovery of 724 million BOE in unconventional oil and gas reserves in November.
Westwood links 2026 exploration outcomes to policies, with operators offshore Norway finding seven times more resources than those offshore the UK.
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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. -
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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The Mozambique LNG project expects to achieve financial close in Q3.
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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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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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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.
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For an industry once fueled by the law of supply and demand, the new economic reality has brought new rules.
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Pemex and Talos Energy have 120 days to decide how to share a massive offshore field that both companies claim they should operate. Failure to come to terms means the government will decide the matter.
