The Papua LNG project is jointly owned by Exxon Mobil Corp., Santos Ltd. and Kumul Petroleum and produces 5.4 million tonnes of LNG per year.
Venezuelan President Nicolas Maduro recently said that Chevron "will soon be producing and the oil reaching markets worldwide" at PDVSA's headquarters.
Alliance Resource Partners made two purchases of royalty interests in the Midland and Delaware basins totaling more than 4,300 net acres.
The long-term sale and purchase agreement will involve a 15-year agreement between the two companies and carbon intensity minimization approaches.
The highest bid, so far, is for more than $100 million for a wind lease area offshore central California.
Monarch's production capacity is expected to expand to nearly 4 million tons per year by first-quarter 2023, ProFrac said.
The company doesn’t mince words, whether it’s calling out “unsavory, unethical and dishonest mineral shops,” lowball offers or celebrating its wins over its better-capitalized competitors.
Power-to-X facility is part of plans for decarbonization and to end reliance on Russian fossil fuels.
The question arises as Russia targets Ukrainian energy assets during harsh winter conditions.
Santos Ltd. first announced PNG's Kumul Petroleum made a bidding offer to buy its 5% stake in PNG LNG in September subject to other joint venture partners.
Norway plans on commissioning up to 30 gigawatts of offshore wind capacity by 2040.
Hyundai Heavy Industries agreed to add autonomous navigation, maintenance and detection software to ABS ships.
The Global Centre for Maritime Decarbonization in Singapore is part of the consortium that will study ways to offload captured CO2 from ships during port calls.
The Verdande field, comprised of the Cape Vulture and Alve Northeast discoveries, contains a total of 36.3 MMboe.
Oil cartel will take its time to evaluate impact of the EU’s ban on seaborne imports and the G7’s $60/bbl price cap for Russian crude.
Russian oil caps, OPEC+ inertia and new data challenges hopes that the Fed might slow the pace and intensity of its rate hikes
The expansion of Vertice’s portfolio will allow for more extensive services it can provide to its customers to handle growing re-frac market.
The company's recent ESG report also included an announcement that Laredo will rebrand as Vital Energy in 2023.
"ADNOC will continue to responsibly unlock value from Abu Dhabi’s vast hydrocarbon resources in a reliable and sustainable manner," ADNOC's Sultan Ahmed al-Jaber said at the deal signing.
ChampionX’s re-engineered cage design minimizes energy loss when opening and closing its reciprocating rod pump cage.
So far, Russia's ESPO oil blend was selling for around $79 a barrel in Asian markets on Dec. 5, almost a third higher than the new price caps.
Stratas Advisors considers the Brent crude outlook following OPEC+'s decision to reduce crude supply by 2 MMbbl/d, along with the $60 price cap on Russian oil implemented by G7 countries, the European Union and Australia.
Bison Water Midstream, which bills itself as the largest water infrastructure and logistics company in Oklahoma, added recycling and storage facilities in the pair of STACK deals.
Hess Corp. inked a long-term strategic partnership with the government of Guyana to purchase carbon credits as part of a plan to prevent deforestation and support sustainable development in one of the world’s most heavily forested regions.
Through the appointment of Gabriel Mbaga Obiang Lima as president of OPEC, Equatorial Guinea and the continent of Africa will play a more prominent role in the global energy sphere.
Former Continental Airlines CEO Larry W. Kellner and former Raytheon International CEO John D. Harris II are slated to join Exxon Mobil's board of directors.