The bipartisan legislation introduced by Chairman Joe Manchin (I-WV) and Ranking Member John Barrasso (R-WY) seeks to strengthen American energy security by accelerating the permitting process for critical energy and mineral projects of all types in the United States. SourceContinue Reading
the digital solutions implemented onsite at SARB allow the field to be operated remotely from Zirku island, 20 km away. Remote monitoring, smart well operations and production management technologies are integrated at the remote control center for optimized real-time decision-making. SourceContinue Reading
The project, which aims to remove 800,000 tonnes of carbon emissions annually, will also deliver permanent, verifiable and affordable carbon dioxide removals (CDRs). SourceContinue Reading
Ovintiv followed Matador Resources Co. in raising full-year production plans at a time when U.S. drillers have been committing to flat or moderate output growth so they can return more cash to investors and expand portfolios of future drilling sites. SourceContinue Reading
The tale of the Guyana discovery isn’t about taking swashbuckling risks for a huge payoff. Exxon, it turns out, is as much a financial engineering company as an oil explorer. It hedged its bets, reduced its exposure and bought itself an option to make a fortune on an unlikely outcome. SourceContinue Reading
The international arbitration panel handling Exxon’s claim that Chevron’s acquisition does not give it the right to control Hess’ stake in a Guyanese oil project has scheduled the hearing for May, the companies said. SourceContinue Reading
Occidental Petroleum Corp. and Ecopetrol SA are gearing up to plumb the depths of Colombia’s Caribbean waters in search of oil and gas. The plan is to drill the Komodo-1 well before the year is out in seas roughly 3,900 m (close to 13,000 ft) deep. That’s equal to about 10 Empire State Buildings stacked...Continue Reading
Transocean Ltd. announced a 1,095-day contract for the Deepwater Invictus with bp in the U.S. Gulf of Mexico. The program is expected to commence in the first quarter of 2025 and is estimated to contribute approximately $531 million in backlog. SourceContinue Reading
The awarded PSCs encompass a portfolio of 12 fields, comprising oil and gas assets within the Malay basin in Peninsular Malaysia. Located within a proven oil and gas basin and in close proximity to existing infrastructure, these DRO clusters offer synergistic development opportunities for monetization. SourceContinue Reading
The Study, commissioned by NACEF and PAGE, and conducted by ICF, “Lifecycle GHG Emissions of U.S. LNG Exports: Concepts, Methodologies, Data and Results,” shows that U.S. LNG exports are likely to have represented a net reduction in the world’s GHG emissions compared to the mix of alternative fuels that would have likely substituted for the...Continue Reading
