The NOC hopes to increase output by 5-7% per year, Reuters reported, with much of that coming from unconventional projects. YPF is to spend USD 3.6 billion on infrastructure in the Vaca Muerta Formation, the report added.
The news came as Total shelved development plans for the offshore Fenix gas project due to uncertainties related to gas pricing in the context of Argentina’s economic crisis, S&P Global Platts reported.
Oslo-listed Shelf Drilling has secured a contract for the Shelf Drilling Fortress jack-up rig with an undisclosed North Sea operator… Read More
A 720-MW Australian solar farm is pioneering a model of agrivoltaics with livestock integration by playing host to more than… Read More
Malaysia’s Sapura Energy has been awarded a five-year contract from Thailand’s PTTEP to conduct Pan Malaysia subsea services for Petronas… Read More
QatarEnergy has struck a USD 6-billion deal with the China State Shipbuilding Corporation (CSSC) to build 18 of the largest… Read More
Chevron has signed a deal with NAMCOR to develop an offshore block in the Walvis Basin, the Namibian NOC was… Read More
This website uses cookies.