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 industry increasingly relies on forecasts from reservoir models for reservoir management and decision making. However, because forecasts from reservoir models carry large uncertainties, calibrating them as soon as data come in is crucial. -
The company's North American business will accelerate a restructuring that includes job cuts and furloughs over the next couple of months.
-
The Denver-based shale producer is the first to cite the ongoing price war and COVID-19 pandemic as the triggers for its insolvency.
-
Sandvik and SNC-Lavalin made similar announcements in late March and would take further action if necessary.
-
The potential leasing of space in the SPR comes after the DOE’s plans to buy crude oil were suspended. US oil inventory stockpiles stand at a 10-month high.
-
The market in 2020 will be oversupplied by 3–5 million B/D and global inventory will surpass 400 million bbls over the next few months, according to ADI Analytics.
-
McDermott was selected previously for a study of the FPU. Completion of the Trion project is expected in Q3.
-
US sanctions appear to have prompted a change in ownership. It is unclear how the new arrangement will impact Venezuela’s diminishing ability to export crude oil.
-
The five-year contract is worth an estimated $400 and covers more than 200 offshore assets.
-
Wyoming sold the most parcels during the recent US Bureau of Land Management’s auction for oil and gas leases on federal land.
