Equinor to invest $1.1bn in Troll gas field to boost production
The infrastructure enhancement is expected to fast-track production equivalent to approximately 55 billion standard cubic metres of gas.
24 May 2024
24 May 2024
The infrastructure enhancement is expected to fast-track production equivalent to approximately 55 billion standard cubic metres of gas.
The Moho Nord field, operated by TotalEnergies, accounts for around half of Congolese oil production, roughly 140,000 barrels per day (bpd).
The original agreement required the company to slash its market share in the country’s oil and gas industry.
Currently, the US is reviewing up to 50 licence requests for energy ventures in Venezuela following the reinstatement of oil sanctions.
A report released by US Democrats in early May revealed that companies such as Shell, bp and Exxon have dodged accountability for climate change for decades.
Sonatrach has also formed a partnership with ExxonMobil to evaluate opportunities for hydrocarbon resource development.
For the four months ending 30 April 2024, the combined gross production from Blocks 3/05 and 3/05A averaged around 23,000 barrels of oil per day (bopd).
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