SLB OneSubsea JV to Kickstart North Sea Development
SLB OneSubsea, a joint venture including SLB and Subsea7, have been awarded a contract by OKEA that will develop the Bestla Project offshore Norway.
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Permian Resources Adds More Delaware Basin Acreage
Permian Resources also reported its integration of Earthstone Energy’s assets is ahead of schedule and raised expected annual synergies from the deal.
APA Corp. Latest E&P to Bow to Weak NatGas Prices, Curtail Volumes
APA Corp. plans to curtail gas and NGL production in the U.S. owing to weak Waha prices but remains confident it can deliver in the Permian Basin, CEO John Christmann said during a quarterly webcast with analysts.
High Pressure, Temps, No Problem: BP Dives Deeper in GoM
BP is preparing for a 2024 FID on Kaskida and 2025 FID on Tiber projects in the Gulf of Mexico, a BP executive said during OTC keynote.
Nearly 75 Democratic Lawmakers Support Biden’s LNG Pause
Nearly 75 U.S. lawmakers from President Joe Biden’s Democratic party on Tuesday praised his pause on approvals of exports of liquefied natural gas, or LNG, saying it would protect Americans from pollution and potential higher prices. Senators Jeffrey Merkley, Edward Markey and Representative Jared Huffman spearheaded a letter to Biden saying the pause allows the …
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Crescent Point Divests Non-core Saskatchewan Assets to Saturn Oil & Gas
Crescent Point Energy is divesting non-core assets to boost its portfolio for long-term sustainability and repay debt.
Wood Mackenzie Appoints Jason Liu as CEO
Liu replaces former CEO Mark Brinin, who is departing to pursue other opportunities, Wood Mackenzie said.
COMMENTARY: The Fossil Fuel Industry Should Defend Itself Against Congressional Smears – Alex Epstein
A group of Congressional catastrophists is threatening the fossil fuel industry for “extensive efforts” in its communications to “undermine efforts to curb GHG emissions.” By Alex Epstein A group of Congressional catastrophists is threatening the fossil fuel industry for “extensive efforts” in its communications to “undermine efforts to curb greenhouse gas emissions.” But the industry …
Chevron, Total’s Anchor Up and (Almost) Running
During the Offshore Technology Conference 2024, project managers for Chevron’s Anchor Deepwater Project discussed the progress the project has made on its journey to reach first oil by mid-2024.
Global Gas Glut to Be Delayed by Another Year
Markets were supposed to be flooded with LNG by 2025, but hiccups at new projects might postpone their start. A wave of new liquefied natural gas projects that was supposed to flood the global market from next year now looks like it might not eventuate until at least 2026. The main reason is that the …