The Energy Circle’s Post

Eni, Chevron Make New Gas Discovery in Egypt Italian and U.S. energy majors, Eni and Chevron, made a new gas discovery in an offshore field off Egyptian coast in the Eastern Mediterranean, the two companies announced on Sunday.... Learn more in our latest insight ⬇️ #Egypt #energysecurity #Europe #Italy #naturalgas #UnitedStates

Eni, Chevron Make New Gas Discovery in Egypt Italian and U.S. energy majors, Eni and Chevron, made a new gas discovery in an offshore field off Egyptian coast in the Eastern Mediterranean, the two companies announced on Sunday.... Learn more in our latest insight ⬇️ #Egypt #energysecurity #Europe #Italy #naturalgas #UnitedStates

🗞 Mexico Business || The Mexican oil and gas industry has undergone significant changes over the past decade. In this context, the oil and gas supply chain and service sector remain robust, expecting different challenges for the coming years.   To address these challenges, during the Mexican Petroleum Congress (CMP), #Opex organized Drill Talks, a space where industry experts discussed the most relevant topics for the industry and its players. In the session ‘The Future of the Oil Industry in Mexico’, experts addressed the exploration and production priorities of Mexico, as well as the challenges the industry will face, particularly considering the decline in production and mature fields. #CMP2024 #OilAndGas #Drilling #DrillingEngineering

Eni and TotalEnergies are swiftly developing natural gas deposits off Cyprus to supply Europe   Eni said Wednesday that drilling to appraise a third natural gas discovery in waters off Cyprus shows the commitment of the Italian energy company and its French partner TotalEnergies to swiftly develop the deposit and bolster energy supply to Europe. 🔽 Find more info in comments below 🔽 #Eni #TotalEnergies #NaturalGasDiscovery #OffshoreOilandGas #OilandGasNews ⤵️ Click Follow on our page to keep up to date with energy news ⤵️

The war in Gaza is expected to hold up the exploration of blocks offshore Israel that were recently awarded to Azerbaijan’s state oil and gas company Socar in partnership with BP and Israel’s NewMed Energy, industry analysts say. As it stands, the deal marks the first overseas upstream investment by Socar. But neither Socar nor BP have commented publicly on the awards announced by Israel’s energy ministry at the end of last month. Learn more >> https://bit.ly/3SNx8NB #Israel #socar #newmedenergy #bp #oilandgas #offshore #exploration #IsraelHamasConflict

Norwegian oil and gas companies to spend $24 billion in 2024   Oil and gas companies operating on the Norwegian Continental Shelf will spend 247 billion kroner ($24 billion) this year, reflecting growth in investments for exploration and on existing fields. 🔽 Find more info in comments below 🔽 #OilAndGas #NorwegianContinentalShelf #Investments #Exploration #EnergySector #Growth #Norway #OilAndGAs ⤵️ Click Follow on our page to keep up to date with energy news ⤵️

Just weeks after Dan Needham shared Chevron’s global exploration programme with the World Energies Summit audience, huge news emerges as the supermajor announces the agreement to acquire Hess Corporation. This will deliver Chevron a foothold in #Guyana, home to the biggest oil discovery of the past decade – the impact of which was detailed by Gil Holzman of Eco Atlantic Oil & Gas during the Summit session "World Energy Hotspots – The Americas". Frontier Members can listen to Dan and Gil’s presentations on demand. Not a member? Find out how to become one by visiting our website - you'll find the link in the About section, above. Read Chevron's announcement at https://lnkd.in/eAjMQeNY #explorationandproduction #energysecurity #upstream

The FALSE Hope or perception that new major resource projects or boom would deliver economic growth need to be seriously addressed. The most recent being the PNG LNG where there was too much political fan fare and chest beating, yet after production commenced, we hardly see real benefits flowing into the economy, let alone LOs. GoPNG seriously need to come up with a deliverable Economic Diversification Policy that focuses on Agriculture and the SME Sectors in order to achieve a more sustainable economic growth rather than the rollercoaster experience that is usually associated with project construction booms. Currently, the economy is extremely debt ridden and in a sluggish state despite hosting three (3) world class gold mines, one (1) world class LNG Project and one (1) world class Nickel Mine. So what are we expecting Papua LNG to resolve? Is it going to be another PNG LNG since we are now going to the Chinese to fund our equity in the Project? Another UBS gate on the horizon? Yet the biggest question still remains: "Will GoPNG continue to seek loan after loan to purchase its equity in every project and remain trapped? One of the best options is GoPNG seriously needs to amend the existing Resource Laws and Agreements before they talk about new projects. Otherwise, developers will be the outright winners while GoPNG goes globetrotting to fund its equity in its own resources and remain debt ridden. In a nutshell, sustainable economic growth will only be achieved through economic diversification strategy and not through new projects that are still based on the existing resource laws and agreements as experience has proven so far. #resourcelaws #review #equity #projects #economy #png

How has Petrobras, the largest energy company in Brazil, been moving to increase reserves and boost offshore oil and gas production? What are its plans beyond E&P? And what steps has the company been taking to advance its decarbonisation plans? To answer these questions, check out the text I wrote for EIC (Energy Industries Council)'s online magazine #EnergyFocus about Petrobras' 2024-2028 Strategic Plan. Note: The Albacora tender, at the time of writing in direct negotiations with Ocyan, has been recently suspended by Petrobras. https://lnkd.in/degJwaV6

This should be interesting.