Asset Management
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.
Spain has granted permits covering a swath of the mountain range to Mantle8 for natural hydrogen and helium exploration a month after France granted the company similar permits.
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The FBI also released a security advisory and details regarding 23 attacks on oil and gas companies from December 2011 to 2013. -
A 2020 cyberattack resulted in the theft of 1 terabyte of information from the oil giant.
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Halliburton and Baker Hughes both forecast moderate growth in their latest quarterly earnings reports.
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Petroleum engineering will be needed for decades to come to provide the required energy for the world and help alleviate the challenges of climate change. It will evolve into energy transition as it has been changing since its inception in modern history.
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SwRI’s EZ Flow treatment process is intended to cut down on cost and energy intensity of heavy-crude pipeline transportation.
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Chevron is having to drill a fifth production well at Israel’s Leviathan natural gas and gas-condensate field to keep production ahead of rising demand, driven by exports to Egypt’s growing LNG hub.
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The deal will see the gradual elimination of the production cuts that at the beginning of the pandemic totaled nearly 9.7 million B/D.
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Russian oil major Lukoil expanded its Gulf of Mexico presence, acquiring a 50% operator interest in Mexico’s Area 4 offshore license area.
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Data from the US Bureau of Labor Statistics point to a fourth consecutive month of job growth in the sector, led by Texas additions.
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The latest move by Tellurian signifies a business model change from a financial partnership with LNG users to sales to traders.
