| | | | | | The North Slope assets the company plans to purchase include the Nutaaq Pipeline and 90,000+ acres adjacent to holdings it is starting to develop under a joint venture. |
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| | | | Shell is in the early stages of exploring for offshore oil and gas in PEL 0039. Eugene Okpere, a Shell EVP, said "these are encouraging results that add to our understanding of the Orange Basin potential." |
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| | Oil demand is projected to decline in 2026 due to high fuel prices and reduced availability, but a rebound is anticipated in 2027, alongside increased US LNG exports and stable natural gas prices. |
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| | | | The acquisition includes interests in key PSCs in Peninsular Malaysia and Sarawak, with EnQuest assuming operatorship in three assets, aiming to increase group production by 134% to over 100,000 boe/d by 2025. |
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| | | | At 426.5 million bbl, US crude oil inventories are about 5% below the 5-year average for this time of year, the EIA report indicated. |
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