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Industry leaders discussed Venezuela's oil and gas reserves, emphasizing the importance of international partnerships, technology, and infrastructure development to unlock resource potential to help meet future global energy demand.
The converted vessel will be similar to FLNG Esperanza currently under construction at CIMC Raffles. Delivery is expected by end 2029.
At 428.8 million bbl, US crude oil inventories match the 5-year average for this time of year.
The certification allows Orlen to enhance its biofuel feedstock processing, including vegetable oils and used cooking oils, with plans to incorporate additional crops like camelina and mustard. The Plock refinery's upgrades will enable increased renewable fuel production and contribute to Poland's energy transition and agricultural development.
This deal follows plans to increase production and diversify the portfolio, the company said.
One asset straddles the UK-Norway median line, while the other offers additional exploration upside near existing Skarv infrastructure.
Equinor gains entry into Namibia just as Chevron plans to drill the Nabba-1X well later this year. Recent discoveries have reinforced the resource potential of the Orange Basin.
The phased project involves infrastructure development, including wet gas production, processing plants, and pipelines, to harness Vaca Muerta's resources.
Petrobras has identified hydrocarbons in deepwater Block FZA-M-59 about 175 km offshore Amapá, Brazil.
From blowouts and refinery explosions to ransomware and real-time monitoring, this podcast episode examines how the oil and gas industry's approach to safety has changed through the decades.
