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Instead of insights, traditional economic yardsticks in mature fields can create surprises. Buyers, investors, and lenders need new yardsticks—besides those based on present value—in order to make profitable decisions in mature properties.

The Marine XII area development could see 3 mtpa of LNG production by 2025.

As was announced in JPT’s SPE News in September, SPE CEO Mark Rubin will be retiring in 2023. An SPE Search Committee has been formed, and it has engaged the services of Korn Ferry to coordinate the search for the new senior executive of SPE’s staff.

The results of well testing at Zeus-1 are being combined with results of testing at two other discoveries to create a plan for the fast-track development of the offshore block.

Denbury acquires carbon-storage land in the South, Baker Hughes forms a new wells consortium, and Chevron and BP expand their investments. Hydrogen takes center stage across the globe, while the international energy transition makes strides toward its goals.

NextDecade pushes the final investment decision on project to the first quarter of 2023.

The data-management company has raised its investment in the technology company IWS by $7.9 million, with an agreement to invest an additional $25 million depending on the performance of IWS.

Equinor has submitted a plan for development and operations with Norwegian authorities that would add gas compression and electrification to the Hammerfest LNG plant.

Roughly 190 nations, aiming to halt a dangerous decline in biodiversity, agreed to preserve 30% of the planet’s land and seas. The United States is not officially a participant.

There are two principles that should guide efforts to rebuild Ukraine’s energy system: ensuring energy security and independence and deepening the connection and economic relationship between Ukraine and the European Union. To accomplish both, Ukraine should develop its potential renewable energy resources.