BP Pushes High Margin Projects, LNG Supply Growth
U.K.-based energy giant BP Plc looks to deliver on two important fronts by 2025 as it brings online more hydrocarbon production and boosts LNG supply.
Oil steadies as Supply Concerns Offset US Ratings Downgrade
Oil steadied on Aug. 3 after dropping sharply from more than three-month highs in the previous session as concerns around supply tightness offset the impact on sentiment of a U.S. government credit downgrade.
Kimbell Royalty Partners’ Largest Deal Yet Targets Permian, Midcontinent
Kimbell Royalty Partners acquisition adds acreage in the Delaware and Midland basins, which remains the company’s leading basin for production, active rig count, DUCs, permits and undrilled inventory.
Britain Commits to Hundreds of North Sea Oil and Gas Licenses
The UK is committing to future North Sea licenses and announced new support for two CCS clusters.
Robust International Results Lift Oilfield Service Companies
Oilfield service companies SLB, Baker Hughes and Halliburton report solid second quarter results from international operations.
E&P Highlights: June 30, 2023
Here’s a roundup of the latest E&P headlines including an update on Perenco’s project offshore Cameroon and a host of new contract awards in the upstream oil and gas industry.
E&P Highlights: June 26, 2023
Here’s a roundup of the latest E&P headlines including the go-ahead for Neptun Deep and new contract awards in the upstream oil and gas industry.
Freeport LNG Trains Full Steam Ahead [WATCH]
Freeport LNG’s three-train, 15-mtpa export facility off the Texas coast are online again after a major fire-related shutdown, to the appeasement of TotalEnergies and Osaka Gas, as well as the general LNG market.
Eni, Vår Energi Enter in $4.9B Deal for Neptune’s Assets
Neptune is retaining its German assets and selling its Norwegian assets to Vår, with Eni picking up Neptune’s remaining operations.
Morgan Stanley: US LNG Exporters Could See Cargo Cancellations
The investment bank Morgan Stanley warns U.S. LNG exporters could see cargo cancellations in the second half of 2023 due to robust gas storage injections in Europe and weaker demand for LNG in Asia.