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Results:1 - 10 of 964 Exploration and production,

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  • Decreases in atmospheric pressure can lead to a 20-fold increase in fugitive greenhouse gas emissions (GHG) associated with leaking onshore hydrocarbon wells, a new study in Nature has shown.A 30-day study led by Scottish and Canadian scientists showed that atmospheric pressure controls the timing a...

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  • Sustained exploration activity in the Barents Sea basin is vital to unlock the larger discoveries needed to warrant investment despite a recently poor run of drilling results, according to GlobalData. The company’s latest research reveals that no discoveries larger than 100mn boe have been discovere...

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  • The Abu Dhabi government and the Abu Dhabi National Oil Company (ADNOC) have awarded Lukoil a 5% stake in the Ghasha ultra-sour gas concession that comprises the Hail, Ghasha, Dalma and other offshore sour gas fields in the Emirate of Abu Dhabi.In addition, ADNOC, Lukoil and the Russian Direct Inves...

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  • US crude exports could grow from current levels of 2.9mn b/d to nearly 6mn b/d by 2022, according to a new forecast from Rystad Energy.With US production expected to increase by 1.2mn b/d year-over-year (y/y) in 2020, and with domestic refineries already maxing out capacity to absorb shale growth, t...

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  • ConocoPhillips is to sell the subsidiaries that hold its Australia-West assets and operations to Santos for $1.39bn. In addition, the company will also receive a payment of $75mn upon final investment decision (FID) of the Barossa development project.The subsidiaries hold ConocoPhillip’s 7.5% intere...

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  • Brazil has sold 12 of the 36 offshore blocks on sale at the country's 16th bid round, with oil companies once again paying record signing bonuses for areas holding subsalt potential in the Campos Basin, reports S&P Global Platts. The 36 blocks hold an estimated 70bn barrels of unrisked oil ...

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  • Neptune Energy has entered into a conditional sale and purchase agreement with Energean Oil and Gas to acquire Edison E&P’s UK and Norwegian producing, development and exploration assets for an initial cash consideration of $250mn. The purchase is contingent on Energean completing its proposed a...

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  • Equinor and the Snorre and Gullfaks partners have made a final investment decision (FID) for the Hywind Tampen offshore wind farm development and two updated plans for development and operation (PDO) have been submitted to the Norwegian authorities.The oil and gas platforms will be the first ever po...

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  • Oil and gas companies have discovered 7.7bn boe year-to-date, according to Rystad Energy’s latest global discoveries report, and the industry is well on track to repeat the feat achieved in 2018 when around 10bn boe of recoverable resources were discovered.Russia has seen the most discovered resourc...

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  • Wood Mackenzie has identified what it sees as the five most likely disposal candidates after ExxonMobil signalled the start of its Asia-Pacific divestment programme. Together, these opportunities are worth $5bn and could contribute a third of the supermajor's global divestment target.Having set its ...

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