OGJ Daily Newsletter - Feb 9th, 2024
 
 
OGJ Daily Newsletter | View online
 
February 9, 2024
Petrobras closed a deal to acquire interest in three exploration blocks offshore Africa from Shell plc.
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Sumitomo Corp. of Americas signed on as a project partner for joint development of Louisiana Green Fuels LLC’s biorefinery and adjacent bioenergy with CCS (BECCS) power plant under way at the Port of Columbia in northeast Louisiana.
Canacol Energy Ltd. decreased its year-over-year capital spending plan, allocating $138-151 million in 2024 compared with $205 million in 2023.
US drilling activity increased by 4 units to 623 rotary rigs working this week, down from 761 the same period a year ago, officials at Baker Hughes Inc. reported Friday.
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Plan to attend Carbon Capture, Utilization, and Storage (CCUS) 2024, from 11–13 March in Houston, Texas. Hosted by the Society of Petroleum Engineers (SPE), the American Association of Petroleum Geologists (AAPG), and the Society of Exploration Geophysicists (SEG), CCUS 2024 is the best chance you’ll have to gain insights into the technical and business aspects surrounding CCUS.

President Joe Biden Feb. 9 officially made Willie L. Phillips Jr. chairman of the Federal Regulatory Commission after more than a year as acting leader.
bp has let a 2-year contract to Diamond Offshore Drilling Inc. for the ultra-deepwater drillship Ocean BlackLion in the Gulf of Mexico.
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A comprehensive review of the global LNG market during the aftermath of the pandemic and the Russian invasion of Ukraine. Numerous trends are covered including volatile prices, the post-pandemic slump, increasing exports, the jump in European demand, and the pressures of decarbonization. Accessible, absorbing, and informative, it is a must-read for anyone interested not just in LNG, but global energy, geopolitics, and the energy transition.

The White House first announced it would pause approval of certain new LNG export authorizations in January.