Oil & gas news

The American Petroleum Institute (API) has called on the Biden administration to recognise the important role that Alaska plays in US energy security and support the continued development of energy resources in the National Petroleum Reserve (NPR-A).

The company is poised to expedite the development of these discoveries through a cluster development approach, paving the way for long-term growth in Malaysia.

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.