From 2020 to 2023, Guyana’s crude oil production grew by an average of 98,000 bpd annually, making it the third-fastest growing non-OPEC producer. This surge has driven substantial economic growth, with a 62.3% GDP increase in 2022, the highest globally, according to the IMF. SourceContinue Reading
China’s Rapid Nuclear Expansion Is Threatening U.S. Dominance in the Sector | OilPrice.com Haley Zaremba Haley Zaremba is a writer and journalist based in Mexico City. She has extensive experience writing and editing environmental features, travel pieces, local news in the… More Info Premium Content By Haley Zaremba – May 22, 2024, 3:00 PM CDT China...Continue Reading
Saipem has been awarded three new contracts by TotalEnergies EP Angola Block 20, a subsidiary of TotalEnergies, for the Kaminho deepwater project relating to the development of Cameia and Golfinho oil fields, approximately 100 km offshore Angola. SourceContinue Reading
Abu Dhabi National Oil Co. (ADNOC) will purchase the stake in the Area 4 concession from Galp Energia SGPS SA, it said in a statement Wednesday. Galp will receive $650 million, and further contingent payments of as much as $500 million when two planned development phases go ahead, the Portugese company said in a separate...Continue Reading
UEM is an innovative approach that, for the first time, simultaneously integrates static and dynamic data in real time to represent subsurface conditions across multiple scales. This method improves the accuracy of reservoir models by consistently incorporating geologic uncertainties, making UEM vital to optimize reservoir recovery under uncertainty. SourceContinue Reading
The London-based major now aims to reduce its net carbon intensity by 15% to 20% by 2030, compared with a previous target of 20%. SourceContinue Reading
The first phase of decommissioning commenced in February, with Elemental Energies providing well management services from its Houston office for the plugging and abandonment of wells in the Matagorda Island area, offshore Texas. SourceContinue Reading
Moscow Withdraws Draft That Proposed Expanding its Territorial Waters | OilPrice.com RFE/RL staff RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many… More Info Premium Content By RFE/RL staff – May 22, 2024, 2:00 PM CDT Russia has withdrawn...Continue Reading
EIA Warns Severe Hurricane Season Could Disrupt U.S. Oil & Gas | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – May 22, 2024, 1:30 PM CDT Up to 25 named storms for this year’s hurricane season could wreak more havoc on the American oil and gas...Continue Reading
EIA Warns Severe Hurricane Season Could U.S. Disrupt Oil & Gas | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – May 22, 2024, 1:30 PM CDT Up to 25 named storms for this year’s hurricane season could wreak more havoc on the American oil and gas...Continue Reading
