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Big Oil Bids in Libya’s First Exploration Tender in 18 Years

OilPrice

Libya earlier this year launched its first oil and gas exploration tender since 2007, which is also the first since the civil war erupted in the country in 2011 after the toppling of Muammar Gaddafi. Exxon, Chevron, TotalEnergies, and Eni are among the 37 international companies that have expressed…

Oil 278
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Whitecap and Veren Finalize $10.4B Merger, Create Top-7 Canadian Oil & Gas Producer

Rextag

The merger creates a new heavyweight in Canadian energy, ranking as the seventh-largest oil and gas producer and the fifth-largest natural gas producer in the country by output. paid C$12,016 per hectare for land in the Fort Kent field, the highest price for oil sands land since 2007. In March, Synergy Land Services Ltd.

Gas 52
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Understanding the price of decarbonization

McKinsey

In 2007, McKinsey developed—for a Swedish utility—the first marginal abatement cost curve (MACC) to provide such a framework (Exhibit 1). Since 2007, MACCs and their equivalents have become widely accepted.  And natural gas emerged as a transition fuel; the shale gas boom and its scale were not anticipated in the original MACC.

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Oil majors compete for Libya’s first exploration tender since 2011 war

Oil & Gas 360º

Libya last held a bidding round in 2007, four years before the NATO-backed uprising in which Qaddafi was killed. Authorities target daily oil output of 2 million barrels before 2030 — surpassing the 1.75 million-barrel peak reached during strongman Muammar Qaddafi’s reign in 2006. Libya currently pumps about 1.4 million bpd.

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Equinor, Shell Unveil Name of UK North Sea JV

Rigzone

It’s a company built on firm foundations, much like the strong granite synonymous with the city” “Adura will sustain domestic oil and gas production and security of energy supply in the UK and beyond”, Equinor added. MORE FROM THIS AUTHOR Jov Onsat Editor OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX!

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Equinor Hits New Discovery in Johan Castberg

Rigzone

Johan Castberg is the third field developed in the Norwegian Barents Sea after Snohvit, which started production 2007, and Goliat, which went online 2016. MORE FROM THIS AUTHOR Jov Onsat Editor OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! There’s a reason 700K+ energy professionals have subscribed.

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Seatrium Wins FSRU Conversion Contract from Karpowership

Rigzone

The project involves the conversion of a liquefied natural gas (LNG) carrier into an FSRU named LNGT Turkiye, Seatrium said in a news release. A new project for full-scale CCS retrofitting is planned for Solvang's new series of Very Large Gas Carriers (VLGCs), with the start date projected in late 2026, according to an earlier statement.