Asset Management
The London-based supermajor is stepping back from startup investing as it seeks to focus capital on its oil and gas business.
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.
-
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 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?
-
Seeking to become an energy producer, the Middle Eastern country is exploring for natural gas in the Black Sea and the Eastern Mediterranean Sea.
-
In the region’s second bankruptcy of the month all of the operator’s assets will be sold to a private equity energy group, pending court approval.
-
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 software solution aims to improve operational efficiency and production from subsurface to processing facilities in four offshore fields.
-
Valaris, formed in 2018 after the merger of Houston-based Rowan Cos. and London's Ensco, faces fallout from the oil-price drop, canceled or delayed drilling programs, and contract and day rate modifications.
