11 July 2025
11 July 2025
The organisation has raised its long-term outlook, driven by increased consumption in developing nations, and sees no evidence of a peak in oil usage.
The country's Financial Oversight and Management Board has expressed “profound concerns” over a proposed 15-year contract.
The deal includes a 53.12% equity interest and operatorship of the Chim Sáo and Dua production fields.
The contract will see ADNOC Gas deliver 0.7 million tonnes of LNG from its Das Island facility in Abu Dhabi.
The combined transactions are poised to nearly double Mach's production.
The well, set to be drilled in early Q3 2025, is supported by 3D seismic data and targets a large structure with promising resource estimates.
The global energy and insurance industries need to work together to reduce the number of claims being made and meet climate change head on, according to speakers at the Energy Insurance London event on 3 July 2025.
Despite the progress, carbon capture and storage does still face economic, regulatory and infrastructure barriers.
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