The new BOEM rule requires stricter financial assurance standards, impacting 76% of smaller oil and gas operators in the Gulf. Small companies may face significant costs for surety bonds, potentially leading to a $379-800 million […]
(Bloomberg) – Former Pioneer Natural Resources Co. Chief Executive Officer Scott Sheffield says federal regulators mischaracterized facts and wrongly vilified him in saying he tried to collude with OPEC to prop up crude prices, Fig. 1. […]
Subsea 7 has landed what it describes as a “super-major” contract worth over $1.25bn with Brazil’s Petrobras. The deal will see the Oslo-listed offshore services player work on the Búzios 9 field development, located some […]
Daily Standup Top Stories Shell plans job cuts in offshore wind business as CEO refocuses on oil and gas May 29, 2024 Mariel Alumit (Bloomberg) – Shell Plc is preparing to cut staff from its offshore […]
The acquisition of Marathon Oil will extend ConocoPhillips’ reach across shale fields in Texas, New Mexico and North Dakota, adding 2 billion barrels of resources to its portfolio. ConocoPhillips expects share buybacks worth $7 billion […]
(Bloomberg) – Rwanda deployed an additional 2,000 soldiers to natural-gas rich Mozambique, where Islamic State-linked violence that’s delayed a $20 billion TotalEnergies SE project for three years, has surged in recent months. The troops arrived […]
(Bloomberg) – Oil and gas companies operating on the Norwegian Continental Shelf will spend 247 billion kroner ($24 billion) this year, reflecting growth in investments for exploration and on existing fields. Spending on oil and […]
Brazil’s prosperity hinges on its capacity to harness the foundational element of any economy: energy. However, for millions of Brazilians, the path to economic advancement is complicated by the hypocritical “green” agendas of leaders in […]
Suing the ONLY supply chain source for the products and fuels DEMANDED by humanity is financial stupidity! Never bite the hand that feeds you without a replacement to support the products demanded by our materialistic society. […]
Colorado air regulators are set to begin patrolling the state’s oil fields and the skies over them to tally how much methane the industry’s wells, tanks and pipelines are spewing into the air. The measurements […]
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