How deepwater producers remain resilient amid fluctuating oil prices

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Financial Times 1d ago

How deepwater producers remain resilient amid fluctuating oil prices - Financial Times

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Energy Source is written and edited by Jamie Smyth, Myles McCormick, Amanda Chu, Tom Wilson and Malcolm Moore, with support from the FT’s global team of reporters.Reach us at energy.source@ft.com and follow us on X at @FTEnergy.

S&P Global estimates that deepwater will grow to roughly 20mn barrels of oil equivalent per day by 2030, representing 20 per cent of global production.

In other news, my colleagues Jamie Smyth and Amanda Chu have reported that Dominion Energy, one of America’s biggest utilities, plans to raise consumer bills by 14 per cent as it contends with the rising cost of labour, materials and grid upgrades amid soaring electricity demand.