17 April 2025
17 April 2025
This projection signals the impending end of the US shale boom, with output expected to fall to approximately 11.3mbbl/d by 2050.
With moves into deeper waters becoming more common as the search for new hydrocarbons continues, the regulatory framework needs to change.
The initiative aims to bolster the country’s energy reserves and security.
The proposal aligns with India's interest in removing import taxes on US LNG and increasing its purchases from the US.
The country is shifting to greener energy to cut coal and oil use and reduce carbon emissions.
Louisiana LNG will provide 1mtpa of LNG for 13 years post-commercial start.
This expansion covers 136,596km² across eight sedimentary basins, with 38% in previously restricted "No-Go" areas.
The transaction boosts Tullow's financial ratios and accelerates its debt reduction.
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