Despite unprecedented energy challenges, 68% of oil and gas industry leaders express optimism for sector growth in the coming year. This confidence, revealed in a survey by DNV, underscores the sector’s resilience as it balances immediate demands with long-term environmental responsibilities. SourceContinue Reading
Barclays CEO CS Venkatakrishnan joins a growing chorus of Wall Street CEOs from Citigroup Inc.’s Jane Fraser to JPMorgan Chase & Co.’s Jamie Dimon and Goldman Sachs Group Inc.’s David Solomon, who have all cautioned that a complete withdrawal from oil and gas comes with unacceptable energy security risks. SourceContinue Reading
This SURF EPCI contract includes a substantial fabrication scope and offshore work over three years, with the first campaign beginning in 2025. Ocean Installer has also secured a separate contract for replacing a 4 km, 10” flexible flowline at the Troll B field in 2025. SourceContinue Reading
Enverus has released its annual list of the 100 most prolific private oil and gas producers in the U.S. based on gross operated production, well count and rig movements across last year. Continental Resources and Ascent Resources remain in the top two positions on the list, with Aethon Energy moving up to the third position,...Continue Reading
The Mohican ROV system will be used to document sea floor communities and species of interest at various depths up to a rating of 2,000 m. Anticipated areas of focus will include proposed and established marine protection areas as well as other biologically significant locations of interest in the marine environment on the continental shelf....Continue Reading
Guyana has been urging the Exxon-led consortium to develop its offshore natural gas reserves. Exxon plans to complete an appraisal of the natural gas findings by early next year and explore commercialization options. SourceContinue Reading
Heirloom Carbon is banking on the region’s many oil workers contributing to its facility’s buildout and operation thanks to their transferable skills with machinery and the wells needed to store carbon safely underground. SourceContinue Reading
The aim of the agreement is to set out the next steps for implementing a gas to industry business through, on one side, commercialization of domestic gas and, on the other, the creation of a midstream compressed natural gas (“CNG”) partnership to supply Morocco’s growing industrial energy needs. SourceContinue Reading
ATP will pay 100% of the work program, which initially consists of drilling and completing the AND-4 and AND-5 wells in the Andorinha field and a workover in the CR-2 well located in the POT-T-281 block. SourceContinue Reading
Goldman Sachs has appointed John Hess to its board of directors. This announcement comes as Goldman advises Hess’ company on its $53 billion acquisition by Chevron. SourceContinue Reading
