Exxon Makes Major Investment in Natural Gas with Its Eighth Oil Project in Guyana
Exxon Bets Big on Natural Gas in Its Eighth Guyana Oil Project ExxonMobil’s eighth oil project offshore Guyana will also be the biggest natural gas development of the Exxon-led consortium in the prolific Stabroek Block. Exxon and its partners in Guyana’s oil projects, U.S. Hess Corp and CNOOC of China, expect to produce up to […]
Trends in the Oil and Gas Exploration and Production Market
Oil and Gas Exploration and Production Market Trends Oil and Gas Exploration and Production Market “Market Overview and Recent Developments The Oil and Gas Exploration and Production market plays a pivotal role in the global energy landscape, serving as the backbone for various sectors including transportation, manufacturing, and electricity generation. With the increasing global demand […]
Texas Oil and Natural Gas Sector Sets New Production Milestones
Texas Oil and Natural Gas Industry Breaks New Production Records According to TIPRO, the industry supported over 2 million direct jobs in the U.S. last year, with total direct and indirect jobs tied to the industry reaching nearly 23 million. Image for illustration purposes Texas Border Business – Advertisement – AUSTIN, Texas – The Texas Independent […]
India Poised to Initiate New Oil and Gas Auction Rounds
India Set to Launch New Oil and Gas Bid Rounds India plans to launch new oil and gas licensing rounds as early as this week, Oil Minister Hardeep Puri said on Monday, as the world’s third-largest crude oil importer looks to boost its domestic hydrocarbon supply. Puri also said that energy will likely be a […]
Equinor Announces $5 Billion Share Buyback and Cuts Renewables Investment Amid Rising Oil and Gas Production – Equinor (NYSE: EQNR)
Equinor Unveils $5 Billion Buyback, Trims Renewables Spending As Oil & Gas Output Rises – Equinor (NYSE:EQNR) Equinor ASA EQNR shares are trading lower after the company reported fourth-quarter FY24 results. Revenue and other income fell 5% year-over-year (Y/Y) to $27.654 billion and adjusted revenue declined 7% Y/Y to $26.418 billion. The consensus estimate stood at $25.973 billion. Total […]
Operators to Detail Strategies for Boosting Oil and Gas Production
Operators to Outline Strategies for Increasing Oil, Gas Production Boasting approximately 1.8 billion barrels of oil, the Republic of Congo has ambitions to increase its production from 270,000 barrels per day (bpd) to 500,000 bpd this year. Meanwhile, an increased focus on natural gas production has resulted in the development of an upcoming Gas Master […]
Norway Reinforces Commitment to Oil and Gas Industry
Norway Doubles Down on Oil and Gas After hitting record highs this year, Norway’s oil and gas investment is expected to grow even higher in 2025. Greater development activity on new projects and the cost of inflation have contributed heavily to the increase in Norway’s oil and gas investment in 2024. Norway’s oil and gas […]
Brazil’s Oil & Gas Company Achieves Hat Trick: FPSO Start-up Approval, Production Resumption at Another Field, and Portfolio Growth
Hat trick for Brazil’s oil & gas firm with FPSO start-up clearance, production restart at another field and portfolio expansion Brazilian oil and gas player Brava Energia, former 3R Petroleum before the merger with Enauta, is having a busy holiday season, as green light comes in for the firm to put a floating production, storage, and […]
Turkey Sets Its Sights on Involvement in Syrian Oil and Gas Production
Turkey Eyes Role in Syrian Oil and Gas Production Turkey has signaled it wants to take part in the revival of oil and gas production in Syria, Bloomberg has reported, citing a statement by Turkey’s energy minister. Speaking to the media, Alparslan Bayraktar said that Turkey was working to help Syria with its electricity supply, […]
TechnipFMC to Provide Subsea Production Systems for Shell’s Oil and Gas Project in Nigeria
TechnipFMC to deliver subsea production systems for Shell’s oil & gas project off Nigeria UK-headquartered energy technology provider TechnipFMC has secured a contract with Shell to deliver subsea production systems for a deepwater oil and gas project off the coast of Nigeria for which the final investment decision (FID) was reported earlier today. As part […]