Oil & gas news

Chariot Limited’s acreage offshore Morocco includes the 18 Bcm (gross) Anchois gas development and significant exploration prospectivity.

The Ramform Sovereign is scheduled to mobilise for the survey in December and the contract has a total duration of approximately 50 days.

The company has announced a gas discovery in the Mukuyu-2 well at its 80% owned and operated Cabora Bassa Project in Zimbabwe.

The collaboration will bring a comprehensive remote asset monitoring solution to global industrial companies and deliver advanced data analytics to drive energy-efficient operations, and reduced energy waste.

The company has announced an expected organic capital expenditure range of US$15.5 – US$16.5 billion for consolidated subsidiaries (CAPEX) and an affiliate capital expenditure (affiliate CAPEX) budget of approximately US$3 billion for 2024.

According to the NPD, there are vast proven gas resources on the Norwegian shelf which are currently without development plans. Much of this gas is located in tight reservoirs – which makes it difficult to produce.

The plan reflects a continued execution of the company’s strategy to provide the products society needs and to lower emissions.

The company has announced that it has been awarded gold standard status by the United Nation’s Environmental Programme (UNEP), recognising the company’s detailed plans to reduce methane emissions to near zero by 2030.

The Norwegian Petroleum Directorate (NPD) has conducted a mapping of gas resources that, for various reasons, have yet to be developed. Several of these discoveries could be produced in a manner that is profitable from a socio-economic perspective.

The facility will radically increase the operational capacity for BiSN in the Asia-Pacific region, creating several local jobs.