Shell aims for net zero emissions by 2050 at latest
The company is aiming to align itself with the goals of the Paris Agreement on climate change.
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The company is aiming to align itself with the goals of the Paris Agreement on climate change.
The Peregrino oilfield offshore Brazil is Equinor’s largest offshore operation outside Norway, and produces 70 000 to 80 000 bpd.
US crude oil stock builds hit a new weekly record in the week ending April 10 (week 15) as about 17.2 million bbl was sent into storage.
The company has also announced its intention to delist from the New York Stock Exchange.
The contracts were with Woodside in Australia and Reliance in India.
The project, worth around US$1.65 billion, and awarded in February 2020, comprised two packages. Petrofac Emirates’ portion of the scope of work is valued at US$1.5 billion.
The Armada Sterling FPSO is currently operating for ONGC in the D1 field 200 km offshore India's west coast.
The North Field East project will increase Qatar’s LNG production capacity from 77 million tpy to 110 million tpy.
The joint venture between the two companies was set up to develop licence blocks in Russia's Yamal peninsula.
The gross (full field) 1C (contingent) resource estimate of 323 billion ft3 of recoverable raw gas represents an increase of 76% on the pre-appraisal estimate of 184 billion ft3.
The world's leading oil producers reached a deal over the weekend to cut global output by approximately 10%.
SpotLight has received investment from Phaze Ventures, an Oman-based venture capital firm.