Africa
Highlights , Field Development
E&P Highlights: Jan. 29, 2024
Here’s a roundup of the latest E&P headlines, including activity at the Ichthys Field offshore Australia and new contract awards.
Liquefied Natural Gas (LNG) , International , Earnings
Baker Hughes Detects LNG Slowdown Solutions, Global Opportunities
Baker Hughes’ fourth quarter earnings call confronts Biden’s halt on LNG permitting with “solve itself” attitude.
Natural Gas , Liquefied Natural Gas (LNG) , International
Rystad Sees Little Support for Henry Hub in Coming Weeks
Rystad Energy sees little support for Henry Hub prices in the U.S. as dry gas production rises after the Jan. 17 Arctic freeze that impacted all of the Lower 48 states.
Earnings , Dividends/Buybacks , Completions
Halliburton Posts High Operating Margins for 2023
Halliburton’s CEO Jeff Miller says service intensity contributes to ongoing strong oilfield service fundamentals.
Infrastructure , International , Natural Gas , Crude Oil , Liquefied Natural Gas (LNG)
South Africa’s Economic Transformation is of US Strategic Importance
South Africa’s Cape Town is at the forefront of other major cities in Africa’s southernmost country in its approach to deal with rolling blackouts and boost its own energy security while reducing its coal usage in favor of renewables.
Earnings , Technology
Offshore, International, Digital Drive 4Q Results at SLB
Offshore sector’s long-cycle developments and continued international investments contribute to upcycle.
Reservoir Evaluation , Artificial Intelligence , Drilling , Subsea
E&P Highlights: Jan. 12, 2024
Here’s a roundup of the latest E&P headlines, including an SLB-Nabors collaboration and new contract awards.
Investment
TotalEnergies Ups Stake in Two Blocks Offshore Namibia
TotalEnergies is acquiring an additional 10.5% participating interest in Block 2913B and an additional 9.39% participating interest in Block 2912.
Liquefied Natural Gas (LNG) , Transactions
Vopak Consortium Selected to Operate New LNG Terminal in South Africa
Vopak, in a partnership with Transnet Pipelines, was selected to develop and operate an LNG terminal at the Port of Richards Bay in South Africa for 25 years.
Rig Counts
Despite GoM Struggles, 2024 is Still Ripe for Offshore Rigs
Though industry experts are predicting 2024 to be a slow year for rigs in the Gulf of Mexico, there is plenty of opportunity for contracts to be awarded in other markets.