Sunday, November 24, 2024
Operator spend in oil and gas sector to surpass US$400 billion this year – WoodMac- oil and gas 360

Operator spend in oil and gas sector to surpass US$400 billion this year – WoodMac

Oil Now Consultancy group Wood Mackenzie says the oil and gas sector will continue to rebound this year, with operator spend expected to surpass US$400 billion and higher prices driving another year of record cash flow. Global supply chain disruption, labour costs and increasing commodity prices will drive up overall costs for operators between 4-10%, depending on the sector. “Operators

Enterprise buys into Permian natural gas market with $3.3B acquisition- oil and gas 360

Enterprise buys into Permian natural gas market with $3.3B acquisition

World Oil (Bloomberg) –Enterprise Products Partners LP agreed to buy Navitas Midstream Partners LLC from Warburg Pincus LLC for $3.25 billion in cash to add natural gas pipeline and processing assets in the Permian Basin, the world’s most prolific shale basin. The acquisition, Enterprise’s largest since 2014, will expand the company’s reach into the Midland Basin, part of the Permian,

Low-carbon operations will become key asset, Exxon out front with tech- oil and gas 360

Low-carbon operations will become key asset, Exxon out front with tech

Oil Now Carbon capture and storage, (CCS) clean hydrogen and floating offshore wind are all low-carbon technologies that are on the cusp of mass commercialisation and where the oil and gas sector could achieve leadership and massive scale. Keen to ensure Guyana maintains its green credentials, the government has given ExxonMobil approval to study the use of carbon capture tech

Flora Growth’s (NASDAQ: FLGC) wholly owned subsidiary, Cosechemos, has produced the…

Flora’s cultivation and extraction division, Cosechemos, completed construct…