Oil & Gas DECODED
Latest edition: 29 May 2024
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Spotlight
OPEC still positive about global oil demand
OPEC’s Secretary General Haitham Al Ghais said global demand growth expected to reach 2.2 million barrels per day in 2024.
Latest news
ConocoPhillips in advanced discussions to purchase Marathon Oil
The all-stock proposal could value Marathon Oil at slightly more than its market capitalisation of roughly $15bn.
Norway set for record Nkr246.9bn oil and gas investment in 2024
The Norwegian Government projections have also raised the estimate for 2025 for investments in the country’s hydrocarbon operations, its biggest business sector.
India's Reliance Industries to purchase Russian oil using roubles
This move aligns with Russian President Vladimir Putin's strategy to bypass Western financial systems amid US and European sanctions.
TotalEnergies and partners make FID on two Brazilian oil field projects
With an all-electric configuration, the two FPSO units, which are scheduled for commissioning in 2029, are designed to minimise greenhouse gas emissions.
Hess shareholders approve $53bn merger with Chevron
The deal faces potential complications due to Exxon’s claim of a right of first refusal on Hess’ assets in Guyana.
Chariot makes natural gas discovery at OBA-1 well in Morocco
Preliminary interpretations from well data confirm the presence of reservoirs with an approximate 200 metres gross thickness.
Serica awards Belinda field development contract in UK to Subsea7
Subsea7 will be responsible for comprehensive range of services as well as provide production pipeline, among others.
In our previous edition
Oil & Gas Decoded
EU finalises new regulation to track methane emissions in energy sector
28 May 2024
Oil & Gas Decoded
Pivot towards LNG drives demand for offshore regasification units
27 May 2024
Oil & Gas Decoded
Equinor to invest $1.1bn in Troll gas field to boost production
24 May 2024
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