Asset/portfolio management
Soft demand and mounting stacking costs drove decisions by Noble and Valaris to move on from units.
The Midland, Texas-based operator said the deal hands it the biggest remaining target in the Midland Basin side of the Permian Basin.
Equinor will reduce investments in renewables over the next 2 years by 50% to $5 billion and will increase its focus on oil and gas production, expecting more than 10% growth from 2024 to 2027.
-
Diversified Energy announces its largest deal yet to buy private equity-owned Maverick Natural Resources. -
International majors showing new interest in Iraq as China scoops blocks in Baghdad’s most recent bid rounds.
-
Of the 53 licenses awarded, 33 are in the North Sea, 19 in the Norwegian Sea, and one in the Barents Sea.
-
As Southeast Asia’s third-largest gas producer, PTTEP is investing in its energy security by prioritizing gas production and building up a global LNG supply chain.
-
Canadian operator expands its Deep Basin gas footprint in Alberta, adding 700 new drilling locations.
-
Arcius’ remit covers the Shorouk concession, home to the Zohr gas field whose production decline has been fueled by a lack of investment.
-
The acquisition will add water infrastructure in both the Midland Basin of west Texas and the Williston in North Dakota.
-
The environmental impact statement is a required step before another lease sale can be held in the Gulf of Mexico, a move welcomed by the oil and gas industry.
-
This article examines how decommissioning costs impact project viability, showing that operational profitability can mask uneconomic end-of-life obligations, and advocates for ethical diligence in assessing these costs.
-
At SPE’s Permian Basin Energy Conference, operators shared behind-the-scenes details on innovations such as drilling horseshoe wells and trimulfrac completions along with in-basin challenges such as handling produced water.
Page 1 of 19