Petrobras to Step Up Exploration with $7.5B in Capex, CEO Says
Petrobras CEO Jean Paul Prates said the company is considering exploration opportunities from the Equatorial margin of South America to West Africa.
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IndustryVoice: The Transformational Benefits of Composable and Interoperable APM Software
Learn why an adaptable digital foundation including asset performance management (APM) with composable or microservices architecture is imperative for energy organizations.
Banks Shying Away From Fossil Fuels Bolster Private Credit Deals
Bloomberg Private credit managers are doing significantly more fossil-fuel deals now than just a few years ago, as they step into a void left by banks exiting assets they worry pose too big a climate risk. The value of private credit deals in the oil and gas industry topped $9 billion in the 24 months through 2023, …
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Tech Trends: Safety, Speed, Savings: Automation is Transforming Drilling
Drilling is getting smarter through automation, delivering efficiency, consistency and reliability.
Enbridge to Enter into JV Connecting Permian Basin Natural Gas Supply to Growing LNG and USGC Demand
CALGARY, AB, March 26, 2024 /CNW/ – Enbridge Inc. (“Enbridge”) (TSX: ENB) (NYSE: ENB) announced today that it has entered into a definitive agreement with WhiteWater/I Squared Capital (“WhiteWater/I Squared”) and MPLX LP (“MPLX”) to form a joint-venture that will develop, construct, own, and operate natural gas pipeline and storage assets connecting Permian Basin natural gas supply to growing …
Iraq, Oil Firms Trade Blame Over Shut Turkey Pipeline
Summary Iraq-Turkey pipeline shut since March 2023 Baghdad: around 225,000 bpd being produced without its oversight APIKUR says terms of current contracts must be maintained US encourages restart, State Dept. spokesperson says (Reuters) – Foreign oil firms operating in Iraq’s Kurdistan region are partly to blame for the delay in resuming crude exports after failing …
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With Completion in Sight, What’s Next for Canada’s Trans Mountain Pipeline Project?
CALGARY — After more than four years of construction and at least $34 billion in costs, the Trans Mountain pipeline expansion project is nearly complete. Here’s a look at what milestones to expect in the coming weeks as the massive pipeline gets ready to start shipping Canadian oil to the West Coast: Resolution of B.C. …
With Completion in Sight, What’s Next for Canada’s Trans Mountain Pipeline Project? Read More »
Enbridge to Form Natural Gas Supply Venture
March 26 (Reuters) – Enbridge will form a venture with WhiteWater/I Squared Capital and MPLX to operate natural gas pipeline and storage assets connecting Permian Basin supplies to the growing LNG and U.S. Gulf Coast demand, the Canadian pipeline operator said on Tuesday.
Exxon Warns Australia Faces Sharp Drop in Gas Supply, Calls for Policy Stability
Exxon Mobil Corp on Tuesday gave a dire warning about the outlook of Australia’s domestic gas supply, joining other gas producers in calling for policy stability and more investment in the sector. There is an urgent need for new investment in domestic gas supply and infrastructure to provide energy security and affordability for households and businesses, …
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Sold in 66 Days: Inside the Diamondback-Endeavor Deal
Diamondback Chairman and CEO Travis Stice first offered “at least $25 billion” for Endeavor Energy Resources on Dec. 8. The deal closed just weeks later for $26 billion.