Asset/portfolio management
By acquiring 100% of Ventura’s outstanding shares, SED Energy Holdings would scale its business into a combined $1 billion company backed by a $1.3 billion contract backlog focused on deepwater drilling, shallow-water tender rigs, and seismic acquisition.
TotalEnergies has signaled its intent to reenter Venezuela after a 5-year absence, while Halliburton has teamed up with Brazil’s independent natural gas operator Evena and Venezuelan engineering firm WESCA to also assess business opportunities.
Since the start of the Ukraine war, Norway has replaced Russia as the top gas supplier to the EU and Britain by maximizing its pipeline capacity and LNG volumes through its interests in export facilities in Norway and the US, as well as regasification in Europe.
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This article from the SPE Integrated Reservoir Management Technical Section (IRMTS) examines the closed-loop IRM approach, from insight to execution to learning, and the limits of technology-driven solutions. -
DNO outbid Genel Energy for the deal, which Genel said it may challenge, according to a filing with the London Stock Exchange.
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The supermajor expects output to double to about 600,000 B/D as a result of a new agreement with one of its joint ventures in Venezuela.
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This paper aims to optimize well trajectories in offshore reservoir development by applying a Pareto-based multiobjective approach.
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Oil prices are high, but spending has not caught up—yet. Meanwhile, exploration strategies are changing around the world toward a lower-risk model, and the frenzied pace of US M&A has very much cooled off.
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This article from the SPE Research and Development Technical Section offers new insights to how the upstream industry can benefit from the emergence of quantum computing.
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The sale of Woodside’s Calypso stake to BP completes the company’s withdrawal from Trinidad and Tobago after decades of operations in the country.
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Sixteen companies submitted 69 bids worth $99.5 million in the Big Beautiful Gulf 3 sale.
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Hungary’s MOL Group captures a major project within the EU and its largest upstream opportunity since it farmed into in Azerbaijan’s ACG offshore field.
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As the company works to realign its portfolio, it puts its North Sea assets in the crosshairs.
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