26 May 2026
26 May 2026
Renewables are expected to account for more than 40% of the global power generation by 2030.
Baleine Phase 3 will boost oil output at the Baleine field to60,000 to 150,000bpd and gas from 80 to 200mcf/d.
By 08:45 GMT, Brent crude had risen by $3.3, or 3.2%, to $105.88/bbl and WTI futures had increased by $2.53 to $98.88/bbl.
The HEP will be a 750mcf/d straddle facility, extracting NGL under Pembina’s Yellowhead Pipeline rights.
Under the deal, Amplitude Energy will acquire a 50% interest in VIC/L35, while O.G. Otway will take an additional 10% stake.
The project aims to boost Goliat oil output by exporting gas now reinjected, improving reservoir management and recovery.
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