The U.S. oil and natural gas rig count is at its highest since September 2023.
Upstream majors dive into deeper and frontier waters while exploration budgets for 2024 remain flat.
TotalEnergies said the Danish North Sea project will take about four months to ramp up and is expected to produce 2.8 Bcm/year.
The oil industry does not come off well in the movies and the public can miss the big picture.
Kosmos Energy’s fourth quarter continued the operational success seen in its third quarter earnings 2023 report.
Optime Subsea, which supplied the operation’s remotely operated controls system, says its technology reduces equipment from transportation lists and reduces operation time.