Vallourec low-carbon high performance OCTG solutions will contribute to the development of the Bacalhau and Raia fields operated in the pre-salt, as well as the Peregrino field in the post-salt, while contributing to Equinor’s Energy Transition Plan to reach net zero by 2050. SourceContinue Reading

The estimated global expenditure on hydrogen production for energy purposes from now until 2050 is expected to reach $6.8 trillion, with an additional $180 billion allocated for hydrogen pipelines and $530 billion for the construction and operation of ammonia terminals. SourceContinue Reading

Texas, Louisiana, and Mississippi have sued the U.S. government to block a proposed rule by the Biden administration that would require offshore oil and gas companies to provide nearly $7 billion in financial assurances for decommissioning old infrastructure. SourceContinue Reading

Funding the Global Energy Transition Remains a Major Challenge | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Premium Content By Irina Slav – Jun 17, 2024, 5:00 PM CDT Despite plenty of progress being made, the cost of...Continue Reading

Coordinated crude production reductions by the Organization of Petroleum Exporting Countries (OPEC) and its allies have led to a balanced global oil market, according to U.S. shale giant EOG Resources Inc. SourceContinue Reading

Angola aims to produce 1.1 MMbopd by 2027, with plans to reach 2 MMbpd in the long-term. At the same time, the country aims to increase the share of natural gas in the energy mix to 25% by 2025, highlighting strategic opportunities for foreign investors and project developers. SourceContinue Reading

The combination of AGR and Ross Offshore will further strengthen the group’s centre of technical excellence in wells, reservoirs and marine & survey management. SourceContinue Reading

Southeast Asia Bets Billions On Pumped Hydro Energy Storage | OilPrice.com Rystad Energy Rystad Energy is an independent energy consulting services and business intelligence provider offering global databases, strategic advisory and research products for energy companies and suppliers,… More Info Premium Content By Rystad Energy – Jun 17, 2024, 4:00 PM CDT Southeast Asia’s pumped...Continue Reading

Ahead of the first presidential debate, API is calling both candidates, as well as policymakers on both sides of the aisle, to leverage America’s energy resources to help protect consumers and cement U.S. energy leadership. SourceContinue Reading

Russia Reclaims Its Position as Europe’s Top Gas Supplier | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Jun 17, 2024, 3:00 PM CDT Russia has surpassed the U.S. as the primary supplier of gas to Europe, despite efforts by the region to...Continue Reading