Majors Aim to Cycle-proof Oil by Chasing $30 Breakevens
Majors are shifting oilfields with favorable break-even points following deeper and more frequent boom cycles in the past decade and also reflects executives' belief that current high prices may not last.
Amid Climate Scaremongering, Energy Execs Urge Engagement, Realism
From shale boom to net zero goals, industry experts grappled with the contradictions facing the energy industry during SPE’s Hydraulic Fracturing Technology Conference.
Energy Transition in Motion (Week of Feb. 2, 2024)
Here is a look at some of this week’s renewable energy news, including a utility’s plans to add 3.6 gigawatts of new solar and wind facilities by 2030.
Eni, Vår Energi Wrap Up Acquisition of Neptune Energy Assets
Neptune retains its German operations, Vår takes over the Norwegian portfolio and Eni scoops up the rest of the assets under the $4.9 billion deal.
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.
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.
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.
Halliburton Posts High Operating Margins for 2023
Halliburton’s CEO Jeff Miller says service intensity contributes to ongoing strong oilfield service fundamentals.
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.
Offshore, International, Digital Drive 4Q Results at SLB
Offshore sector’s long-cycle developments and continued international investments contribute to upcycle.