01 December 2023
01 December 2023
The natural gas processing and transportation company has acquired Cureton Front Range and Rocky Mountain Midstream Holdings.
The Statfjord Area includes the Statfjord Unit, Statfjord Øst Unit, Statfjord Nord and Sygna Unit.
The Cambo field is being developed using a floating production storage and offloading (FPSO) vessel to produce hydrocarbons from two drill centres.
During Q3 2023, the acquired properties reported average net daily production of approximately 29,000 barrels of oil equivalent (boe).
COP28 President Sultan Al Jaber hails the agreement as "historic", as it is the first time a decision has been adopted on day one of any COP.
On the opening day of COP28, the World Meteorological Organization announced that 2023 is "almost certainly" going to be the hottest year on record.
Merging industry-leading business intelligence & award-winning journalism, this is an unrivalled opportunity for engagement with B2B professionals across a network of 40+ leading media websites.
Low-carbon hydrogen presents an attractive avenue for oil companies focussing on net-zero emissions. Green and blue hydrogen are the main types of low-carbon hydrogen alternatives, with the former still in the early stages of development with most of the upcoming projects around the world at the feasibility stage, and the latter could be an intermediate step for oil and gas companies before moving to green hydrogen. Of the nearly 1,500 hydrogen plants currently being built, about 90% are based on green hydrogen while 8% are based on blue hydrogen.
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