23 April 2025
23 April 2025
This month, the Trump administration revoked a 2023 licence for Shell and NGC to pursue the Dragon field project.
Chevron aims to produce 300,000 net barrels of oil equivalent per day from the Gulf by 2026 as part of its strategic plan.
This move is part of the country's strategy to diversify its energy mix and reduce reliance on coal.
The planned layoffs at ConocoPhillips reflect wider industry trends, with other oil giants such as Chevron and SLB also announcing job cuts earlier this year.
The chief science officer at supply chain insights firm Altana expects more complexity, more regulation and a reordering of trade.
The acquisition includes approximately 90,000 net acres and a production rate of 500mcf/d.
This collaboration aims to help operators streamline production, minimise pauses and enhance efficiency.
The deal involves nearly 18,000t of subsea premium carbon steel line pipes, with an optional scope of almost 5,000t.
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