APTIM, BWX secure $1.4bn contract to manage US Strategic Petroleum Reserve
The contract includes maintaining facilities, ensuring quality control and implementing innovative operational approaches.
11 April 2025
11 April 2025
The contract includes maintaining facilities, ensuring quality control and implementing innovative operational approaches.
This agreement outlines a non-binding framework for the joint development of the Lake Charles LNG project, with MidOcean committing to funding 30% of construction costs.
There are currently seven producing wells on these properties, yielding approximately 70bpd.
This forecast is detailed in the EIA's April STEO, which highlights significant uncertainties in energy supply, demand and prices.
This development comes after Washington cancelled key licences last month for several PDVSA partners including Chevron.
Aurion, a cloud-scalable solution, will aid INEOS in managing GHG emissions, from individual facilities to the corporate level.
The contract extension aims to sustain production from existing fields, develop discovered fields and explore further within the Malaysia-Vietnam offshore CAA.
TS Lombard economist Steven Blitz argues that how other countries respond to the US tariff onslaught will show how committed they are to free trade.
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