As of January 1, 2024, LNG produced from the Alba field “will be sold into the global LNG market, which is expected to drive a significant financial uplift for our company given the material arbitrage between Henry Hub and global LNG pricing”.
“Production is not at the level we would like. We intend to own the asset and we need a new plan of development, which will take different things into consideration,” he said. Many wells need to undergo workovers, he said, in order to make it fit for the long term.
Partners on Cameroon’s Etinde have warned that costs to develop would be much higher than initially thought and exports via Equatorial Guinea may be the answer.
Marathon Oil Corp. used to represent everything that was wrong with U.S. shale: enormous debtloads, lavish executive pay and a seeming willingness to spend whatever it took to boost output. The company hemorrhaged money, and the stock plunged 84% from a peak in 2014 through the end of last year.
The aftermath of the deadly construction collapse inside the Marathon Oil building in west Houston is expected to result in complex and lengthy litigation with numerous companies involved in the project where three construction workers were killed Monday.
Hill of Rubislaw in Aberdeen reflects the changing face of the North Sea oil and gas industry, two of the north-east’s leading commercial property experts said yesterday.
Court documents have revealed emails between Taqa senior management, who described RockRose’s deal with Marathon Oil as their “worst fear”, calling the London-headquartered company “total wideboys”.
RockRose Energy has lost control of its only operated platforms in the UK North Sea after three partner companies raised “serious concerns” in court about its ability to run the assets.
RockRose Energy has been ousted as operator of a North Sea hub with Taqa UK set to take over control thanks to a legal challenge brought by its partners.