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...That left the former with the upstream business focused on gas exploration and production and the latter on storage and transport....
...One can measure this change either by the average yearly growth rate or, as in our case, by calculating how long it would take for the world’s production to grow tenfold....
...The joint venture controls 18 oil production licences and is operated by SPDC....
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...The Kurdistan-focused oil company has throttled production this year because of a pipeline shutdown, sending earnings way down....
...“What impressed me particularly is that Fuli has hired some very capable and trustworthy partners, such as SRK Consulting [which specialises in earth and water industries and mining exploration] to do the...
...“As an integrated energy company, we can use what we [generate] in oil and gas production to invest in renewable energy.”...
...as Hichilema is welcoming new copper exploration....
...Wood Mackenzie forecasts peak production of 1.5mn b/d of production by 2033 — more than that of many Opec countries....
...But the transition is proving painful for smaller groups that specialise in finding and developing new resources — known as exploration and production companies....
...Before then gas was largely considered an unwanted byproduct of oil production and was usually flared on site....
...The lack of investment in new domestic hydrocarbon exploration also means the country’s domestic gas reserves are running low. That has left it at the mercy of global LNG prices....
...“Why would you move from profitable [exploration and production] to a more diverse company with lower profitability?”...
...Clarke’s concern, working with architects including his friends Norman Foster and the late Zaha Hadid, has been to reintroduce stained glass as a serious medium that is integrated with, rather than added...
...Repsol will sell a 25 per cent stake in its exploration and production business to US investment group EIG for $4.8bn as Spain’s biggest oil company seeks to raise funds for renewables investments to pivot...
...It’s a big challenge but we need to start the exploration now,” says Juliane Glüge, an environmental scientist and PFAS expert with Swiss university ETH Zurich....
...Analysts said greater investment by the company in areas such as refining and renewables could hit profits, as the returns are lower than in oil exploration and production....
...All have pledged an immediate end to new oil and gas exploration, and set a firm date for the end of extraction from existing fields....
...And it’s an example of the way inclusivity can be artistically expansive: integrated into the action, signing and description often deepen the meaning....
...It has looked to offload assets such as mature fields, petrol stations and refineries, concentrating instead on exploration and production in the Atlantic Ocean....
...The total value of Shell’s production and exploration assets was recorded as $125.5bn at the end of 2021....
...During an earlier stint in Qatar he worked for Andy Brown, a former Shell executive who went on to become its director of upstream business, which includes exploration and production, before leaving in 2019...
...Zoox executives have described their vehicle as being like the first iPhone — a revolutionary device because the hardware and software were integrated from the ground up....
...Its assets in Europe and the US, which had previously been integrated into its operations, are also gradually adjusting as standalone businesses....
...The International Energy Agency has said all new oil and gas exploration projects must halt if global warming is to be held in check....
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