U.S. LNG exports yield significant economic advantages by bolstering natural gas production, thereby enhancing labor income within the sector and driving down the costs of imported goods while bolstering the value of the dollar, consequently stimulating heightened economic activity, according to the Center for LNG. SourceContinue Reading
SLB announced that, as expected, it and ChampionX have each received a request for additional information (second request) from the United States Department of Justice (DoJ) in connection with the DoJ’s review of SLB’s planned acquisition of ChampionX. SourceContinue Reading
These reconnaissance contracts cover the Safi-Essaouira and Agadir-Ifni areas offshore the cities of Safi, Essaouira, Agadir and Sidi Ifni. SourceContinue Reading
State-owned Aramco and ADNOC have been conducting preliminary evaluations of Santos as a possible acquisition target, the people said, asking not to be identified because the information is private. The Middle Eastern energy giants are investing billions of dollars in natural gas, which is seen as an important bridge fuel in the energy transition, especially...Continue Reading
Oil majors in Nigeria have been offloading onshore and shallow water blocks — located in a challenging operating environment, where infrastructure damage from crude theft is a regular occurrence — to domestic producers for more than a decade. SourceContinue Reading
The first phase of the development, with five wells in total, is expected to deliver around 100 MMboe with upside from subsequent phases. The Winterfell unit consists of Green Canyon blocks 899, 900, 943, 944, 987 and 988 with follow-on opportunities in adjacent blocks where Kosmos also has an interest. SourceContinue Reading
DeepOcean’s scope of work includes trenching, transport and installation of all inter-array cables with adjacent services for all wind turbines of Nordseecluster A. SourceContinue Reading
Enverus Intelligence Research (EIR), a subsidiary of Enverus, has released a report that assesses global energy transition strategies and examining how political and economic policies support advancements. SourceContinue Reading
a three-person arbitration panel has been finalized to address ExxonMobil’s claim against Chevron’s $53 billion purchase of Hess Corp over oil-rich assets offshore Guyana. This marks a significant step in resolving the uncertainty surrounding the merger, which Chevron and Hess hoped to complete in early 2024. SourceContinue Reading
During the deepwater Kaminho project’s first phase of development for the Cameia field, SLB OneSubsea will collaborate with TotalEnergies to deploy a highly configurable subsea production platform with standardized vertical monobore subsea tree, wellhead, and controls system. SourceContinue Reading
