(WO) – During CERAWeek, Petrobras and Equinor signed a letter of intent that expands the cooperation between the two companies to assess the technical, economic, and environmental feasibility of seven offshore wind power generation projects offshore the Brazilian coast with the potential to generate up to 14.5 GW. courtesy of © Equinor With...

(WO) – The latest analysis from McKinsey & Company (McKinsey) reveals that oil and gas industry costs could increase between 6 to 10% in 2023 due to labor uncertainties and raw-materials inflation. The analysis uncovers that primary operation tasks, such as regular inspections and maintenance, are becoming more expensive as labor rates grow...

(WO) – Santos announced the Papua LNG joint venture has launched fully-integrated front-end engineering and design (FEED) for the Papua LNG project in Papua New Guinea. Papua LNG is expected to have liquefaction capacity of up to six million tonnes of LNG per annum with first production expected by the end of 2027 or early 2028. Following p...