Notably, the top six energy-producing states account for 76% of jobs in the sector, with Texas taking a significant lead at 317,199 positions, followed by Louisiana, Oklahoma, Colorado, New Mexico, and California. SourceContinue Reading
The agreement marks the second time this year the FTC has barred a senior oil executive from joining a suitor company’s board. The agency reached a settlement with ExxonMobil in May that blocked Pioneer Natural Resources Founder Scott Sheffield from obtaining a directorship over similar accusations, bringing wide condemnation from the industry. SourceContinue Reading
The JV will allow the three companies to leverage leading innovations in AI, smart drilling design, completions engineering and production solutions. SourceContinue Reading
The scope includes engineering, procurement, construction, installation and commissioning (EPCIC) for topside modification. The purpose is to prepare the Troll A platform for receiving and processing gas from eight new wells at Troll West. SourceContinue Reading
The FEED contract scope of work includes the modular design of a greenfield LNG production facility in Afungi, all associated gas pre-treatment units and the utilities and offsite systems to support the LNG production. The plant will have an overall production capacity of 18 million tons per annum. The scope of work also includes the...Continue Reading
From operator reports, BSEE estimates that approximately 3.35% of the current oil production and 0.91% of the current natural gas production in the Gulf of Mexico is shut-in. SourceContinue Reading
To finalize the deal, however, Chevron and Hess still need to prevail in arbitration against Exxon Mobil Corp. and Cnooc Ltd., who claim a right-of-first-refusal on Hess’ biggest asset — a 30% stake in a massive oil field offshore Guyana. The case, currently being administered by the International Chamber of Commerce, is likely to be...Continue Reading
The main production facilities include a new fixed production platform and three centralized subsea wellheads, with 12 development wells planned to be commissioned. It is expected to reach peak production of 162 MMcfgd and 3,931 bpd in 2025. SourceContinue Reading
The supermajor is working on developing the deepwater Owo project, Nigerian Vice President Kashim Shettima said after meeting Exxon Nigeria chairman Shane Harris. The company also proposed to spend $2.5 billion annually to boost oil output by 50,000 bpd over the next few years, Shettima said. SourceContinue Reading
TotalEnergies has signed an agreement with Lewis Energy Group to acquire a 45% interest in dry gas producing assets owned and operated by Lewis Energy Group in the Eagle Ford basin in Texas. SourceContinue Reading
