Natural Gas & LNG News • 18 hours Ago
Repsol Cuts Upstream Spending to Focus on Renewables
The company's focus will shift from growing to only maintaining oil and gas production, and it will cut back on exploration.
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The project will provide industry in the port of Tema with cleaner and cheaper energy.
Petrobras wants to ensure a robust supply chain, which in turn will help it implement its projects.
The two permits are located adjacent to Melbana’s existing WA-488-P permit area that contains the Beehive prospect.
The company's focus will shift from growing to only maintaining oil and gas production, and it will cut back on exploration.
The company achieved record production on November 18 at the Khor Mor gas plant.
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