March 29, 2024
Investment

Philippines counting on U.S. investment to help explore for oil and gas in disputed South China Sea

(Bloomberg) – The Philippines is counting on the U.S. and its allies to play a crucial role in its plans to explore oil and gas resources in the disputed South China Sea, according to Manila’s envoy to Washington. Jose Manuel Romualdez (Photographer: Andrew Harnik/AFP/Getty Images) The country is seeking to parlay its deepening

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Investment

EOG Resources to invest $4.2 billion in drilling, exploration operations in 2024

(WO) – EOG Resources announced its 2024 operational plans, indicating increased investment in exploration and drilling at its Delaware basin assets. Total expenditures for 2024 are expected to range from $6.0 to $6.4 billion, including exploration and development drilling, facilities, leasehold acquisitions, capitalized interest, dry hole costs, and other property, plant and equipment,

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