Eni profits slump, but talks up new gas hub in Indonesia
Geng North is thought to hold around 5 trillion cubic feet of gas and 400 million barrels of condensate. Eni sees the Kutei Basin becoming a “new world class gas hub”.
Geng North is thought to hold around 5 trillion cubic feet of gas and 400 million barrels of condensate. Eni sees the Kutei Basin becoming a “new world class gas hub”.
Conoco is not alone in its pursuit of CrownRock, though.
The company had made a commitment to spend $31mn on the Chiapas blocks by February 2024.
Asset-based services makes up the majority of Saipem’s backlog, at 65%, or around 10bn euros this year.
Total plans to drill one exploration well. Should it be successful, it may drill up to nine more.
The company said it aims to increase its LNG contracted volumes to more than 18 million tonnes per year of LNG by 2026.
Cash flow from operations reached $9.3bn in the quarter, and $27.4bn for the first nine months of the year.
ITM is now storing its stacks at the Linden site for fast delivery to customers, in addition to repair and maintenance facilities. Linden will also be the home of ITM’s global business development.
The Italian company said it would begin work immediately and expected to complete this in early 2026.
The police statement said they had attempted to contact the Newnew Polar Bear, but the ship was not willing to co-operate.
Based on the IEA’s STEPS baseline scenario, Guyana will increase production to around 2mn bpd by the mid 2030s. Under the more conservative APS scenario, the IEA sees Guyana reaching 1.3mn bpd by 2035.
“This collaboration is more than just a stepping stone – it is a leap towards a new horizon."
“This is a fundamental shift in our approach towards gas procurement, but we believe that this is necessary to create a more stable and secure power system that will ultimately benefit the consumers and also the gencos themselves,” he explained.
Instead, a combination of barriers can be employed, where each additional mitigation draws the net a little tighter in one area, making it harder for the perpetrator to get through the armour.
“As political and policy volatility becomes a feature of the operating landscape, even private companies with a high risk appetite could be facing binding constraints when seeking to invest in Vaca Muerta and offshore plays,” the analyst said.
On news of the September ruling, Northern Drilling’s share price fell from 2.32 euro ($2.45) to 0.3 euro ($0.31). The company’s decision to appeal against the ruling triggered a further fall, to 0.13 euro ($0.14). It is down 94% on the month.
"It was done in co-operation with the customer because we couldn't just walk out and slam the door: We'd have lost a lot of money," a company executive told the newspaper, speaking anonymously.
Ajayi noted Egypt relied on gas imports from Israel for domestic demand. “As such the North African nation will have less gas available for LNG exports due to the shutdown of the EMG pipeline.”
“The significant prospectivity of PEL 83 together with its relatively shallower water depth, position it to be one of the most significant and profitable developments in the Orange Basin,” he added.
Greta Thunberg, who was arrested on Tuesday outside the Energy Intelligence Forum, participated in the blockade of JP Morgan this morning.
“I believe developing Rosebank will be needed, as oil and gas will be needed in the energy transition. Our strategy is to develop oil and gas, renewables and low carbon solutions.”
“Direct air capture shouldn’t be compared to point source carbon capture, what it should be compared to is [SAF],” the CEO said. SAF has more emissions than Oxy’s net zero oil, she continued.
“With our European neighbours we could have a pipeline of green hydrogen to provide a clean fuel stock to German industry and coming back the other way carbon to the UK [for storage],” he said.
The statement from NPC said it was focused on oil and gas potential in Libya’s maritime area. The agreement also covers training.
“For me, it’s easier to develop offshore projects than onshore projects. Onshore there are stakeholders, who are more complex to manage.”