Oil & gas news

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.

At the ‘Eliminating Methane Emissions by 2030’ roundtable with the COP28 Presidency, TotalEnergies announced the signing of three cooperation agreements with national oil and gas companies to carry out methane detection and measurement campaigns using the AUSEA technology.

Jadestone Energy has announced that the final well in the Company’s 2023 East Belumut field drilling campaign offshore Peninsular Malaysia has now been completed.

The company has announced the appointment of John Spath as Executive Vice President and Head of Operations, effective immediately. Mr. Spath will have responsibility for the company's upstream business operations.

The latest win marks the eighth project collaboration between BrasFELS and MODEC, reflecting the long-standing partnership the two organisations have enjoyed for more than a decade.