Karoon Energy takes FID to develop Patola Project offshore Brazil
The Patola field development is expected to involve an investment of up to $195m and deliver first oil in 2023.
Investment
Oil and gas production from the DJ Basin play expected to witness a slow recovery
GlobalData’s latest report, ‘DJ Basin in the US, 2021 – Oil and Gas Shale Market...
Equinor swings to profit of $1.85bn in Q1 and plans to raise dividends
Boosted by higher oil and gas prices, Equinor posted a net income of $1.85bn for...
Aker BP report returns to profit in Q1 on higher prices and production
Aker BP has posted a net profit of $127m for the first quarter of 2021...
Equinor and partners agree on Troll West electrification
Equinor and its other partners have agreed to advance with the electrification of Troll West,...
ExxonMobil pitches plan for $100bn carbon storage project
ExxonMobil has proposed a public-private carbon capture and storage (CCS) project, which would require an investment of more than $100bn.
Mexico still needs international investment to either maintain the growing trend or stabilise its production level, despite positive oil production growth in 2020
Crude oil production in Mexico is forecasted to grow by 10% from 1,740 barrels per day (bpd) in 2020 to 1,920bpd in 2023.
AI is key for O&G companies targeting sustainability
Surviving the current downturn will require oil and gas companies to adapt. While the pandemic will relent, sustainability pressures will not.
OGUK’s appeal for more O&G sector support to enable the energy transition
The UK may stray further from the energy transition unless the government provides vital support for the sector to promote recovery, according to the trade association for the UK offshore oil and gas industry, OGUK.
Risky business: investment and insurgency in Mozambique
Foreign oil majors have taken a recent interest in Mozambique, but the new facilities are facing challenges beyond the usual social and environmental risks associated with such projects. An Islamic State-aligned insurgency group has attacked...
Keeping the faith: new issue of Offshore Technology Focus out now
In this issue: Norwegian oil continues to draw investment, what the Biden administration means for the Gulf of Mexico, testing digital twins in oil and gas, and more.
