This transaction allows TIMOR GAP, the state-owned oil and gas company of Timor-Leste, to participate in the Bayu-Undan joint venture (JV) for the project's remaining economic life.
Converting upstream oil and gas production facilities to run on electricity powered by renewables or natural gas that would otherwise be flared could cut more than 80% of associated emissions, according to new research from Rystad Energy.
Installed by contractor McDermott on behalf of an international operator, it is the second time the firm’s TCP product has been deployed in Malaysia.
Kent is significantly increasing its investment in Houston, reinforcing its commitment to the US market as a central hub for its global operations.
Targeting engineers, safety professionals, and environmental compliance specialists, Flaretot’s flare system modelling solution will help track and reduce fugitive emissions.
Planning consent has been received from North Lincolnshire Council for the further development of the Wressle well site.
The contract is aimed at sustaining the production of the North Field offshore natural gas reservoir, located offshore the north-east coast of Qatar.
OMMICA, the chemical analysis expert, has broken new ground in Central Asia's oil and gas industry thanks to its innovative THPS testing kits.
The storm developed into a full-blown hurricane at the end of last week, with Francine being the sixth named weather event this year.
Hurricane Francine made landfall last Wednesday on the Louisiana coast, taking some energy infrastructure offline along the US Gulf Coast from Louisiana through Alabama.
AccuWeather’s?preliminary estimate?of the total?damage?and economic loss from Hurricane Francine in the USA is US$9 billion.
The transaction comprises US$461 million in cash and around 10.1 million OpCo units, with the equity portion valued at roughly US$456 million.
SCF Partners, Inc. acquires Newpark Fluids Systems business from Newpark Resources Inc.
Diamondback Energy has completed the merger with Endeavor Energy Resources, creating a leading operator focused on the Permian Basin.
Li Xing Gan Financial Markets Strategist at Exness says oil prices have paused their decline due to concerns over Hurricane Francine.