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.
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The drop in US LNG exports comes amid a combination of weak demand, ample supply, additional capacity coming on line, and flexibility to cancel US cargoes. -
The distressed shale pioneer will wipe away nearly $7 billion in debt and is likely to make major asset sales as it attempts to restructure itself into a profitable business.
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World energy is at a “pivotal moment,” says BP CEO in annual statistical review, which reveals contrasts, challenges in energy consumption, production, and emissions.
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Designed to be a “living” map, it focuses on the largest fixed infrastructure for crude oil and refined products such as trunk pipelines, refineries, and storage facilities.
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Lingering low oil prices are forcing Occidental to mark down the value of its oil and gas assets again, making the burden of its staggering debt look even greater.
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A recovery in the energy industry is key to the oilfield water sector in the Permian. But the industry must address issues such as further research, regulatory changes, and technology.
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The good news is 95% of the oil companies in Texas are expected to survive 2020, which means there is a lot of bad news to endure.
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With contracts canceled and pressures mounting, offshore oil drillers struggle to stay afloat.
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A new licensing round will open up 136 blocks in the Arctic Barents Sea.
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The $20.7-billion agreement is the single-largest energy infrastructure investment in the region.
