Asset Management
After a record year for LNG project approvals in 2025, multiyear repairs to war-damaged liquefaction facilities in Qatar and the UAE threaten to slow the growth of global LNG capacity.
The declaration builds on a memorandum of understanding the partners signed with Egypt in May to process Block 10 gas at the country’s LNG export and domestic gas facilities.
Alongside the new subsea awards, Equinor strengthened its position in the 400-million-bbl Bay du Nord development by acquiring BP’s interest in the project.
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High oil prices will mean more spending on workovers to eke out more oil and gas from older wells. The amount will depend on finding those willing and able to do that tricky work. -
'I’m honored that IEA members have put their trust in me to lead the agency into a new era following what I believe may turn out to be the most consequential ministerial meeting in the IEA’s near 50-year history,' Birol said.
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Anticipating making a final investment decision later this year, NextDecade made a 20-year deal with Guangdong Energy Group Natural Gas Co. to be supplied from its Rio Grande LNG export project.
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A transatlantic task force will be formed to oversee the EU’s goal of reducing Europe’s dependence on Russian fossil fuels and strengthen European energy security.
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Swiss robotics company ANYbotics introduced ANYmal X, the first explosion-proof legged robot, at the Offshore Technology Conference Asia.
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A recent survey by the Dallas Fed indicates significant improvement in oil and gas companies’ outlooks, tempered by high levels of uncertainty in oil prices, ongoing supply-chain limitations, and workforce shortages. Small operators outpace large operators in expected increases in production.
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Discussions on long-term LNG supplies from Qatar to Germany to re-engage after years of uncertainty held up potential deals.
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Altus brings well intervention technologies, including tractor and power mechanical application solutions.
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Today's high oil prices have not removed the memories of some top upstream executives about how swiftly boom-and-bust cycles can move, nor have they eroded their mission to lower carbon footprints.
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Russia is looking like a riskier spot for big service companies to do business, but they are not rushing to get out.
