EOG Newsletter January 2025
Energy, Oil & Gas Magazine
Focusing on issues that are fundamental to senior executives across the global energy sector & associated industries.
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Key highlights in today's edition:
Top stories
??? Renewable energy faces significant changes under Trump’s proposed 2025 policies
Donald Trump’s anticipated 2025 energy plan is poised to reignite a heavy focus on fossil fuels, prioritizing oil and gas production through deregulation and increased access to federal lands. Measures such as reviving offshore drilling, expanding fracking, and streamlining permitting processes aim to bolster energy independence and economic growth.?
While these moves are likely to benefit producers with lower costs and fewer regulatory hurdles, critics caution that overproduction could lead to price volatility in global markets. Meanwhile, environmentalists warn of the ecological and public health risks tied to increased fossil fuel activity.
?? Global offshore expansion: Key regions and trends driving the $54 billion EPC market
The offshore oil and gas sector is preparing for a significant boost in 2025, with $54 billion worth of engineering, procurement, and construction opportunities reshaping the industry. Key regions like the Middle East, South America, and Africa are driving this expansion, leveraging their abundant reserves and investing in advanced technologies like FPSOs and subsea production systems.
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?? Norway strengthens role as Europe's energy leader with 53 new projects
Norway’s decision to issue 53 new oil and gas exploration licenses highlights its vital role in securing Europe’s energy supply amid a shifting geopolitical landscape. With major players like Equinor, Shell, and Aker BP leading these projects, Norway is reinforcing its position as a cornerstone of European energy security, particularly as the continent seeks alternatives to Russian energy supplies.
The licenses, concentrated across the North Sea, Norwegian Sea, and Barents Sea, reflect a strategic focus on leveraging proven reserves and advanced infrastructure in the North Sea, while also exploring the high production potential of the Norwegian Sea and the untapped opportunities in the Arctic Barents Sea. The inclusion of Arctic regions also highlights Norway’s long-term vision, even as challenging conditions and environmental concerns persist.
? Langford Energy acquires 38,000 acres in the Midland Basin to expand US operations
The acquisition of 38,000 acres in the Midland Basin signals a bold step in solidifying its footprint in one of the US’s most prolific oil and gas regions. This strategic move immediately boosts the company’s production by 15,000 barrels of oil equivalent per day while providing access to rich reserves and vital infrastructure for long-term growth. Leveraging cutting-edge technologies like horizontal drilling, hydraulic fracturing, and real-time data monitoring.?
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