Asset/portfolio management
As the pace of new discoveries slows and high-quality prospects become harder to find, oil companies may need to rely more heavily on mature fields to maintain production and support future supply.
EY reports an 11% decline in reserve additions and the first sub-100% reserve replacement ratio since 2021, even as crude output climbed.
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.
-
In a sale agreement valued at $2.4 billion, Shell will move on from its Niger Delta upstream business which it has operated since 1979. -
The acquisition will expand Talos’s deepwater US Gulf of Mexico footprint and increase annual production by an estimated 30,000 BOE/D.
-
The Ksi Lisims floating LNG facility is planned to be the world's lowest emission-intensity LNG facility and net-zero ready by 2030.
-
The project’s revised development plan now incorporates a carbon capture facility.
-
The facility is destined for Shell’s deepwater Gulf of Mexico development.
-
The “Western Haynesville” boasts big gas IPs with potential running room.
-
Twenty-six companies participated in what was the last GOM lease sale scheduled until 2025.
-
Production from the Sparta field is expected to start in 2028.
-
The deal will quadruple Tokyo Gas' natural gas production volumes from the Haynesville Shale.
-
The Norwegian Sea discovery is the largest, undeveloped natural gas find on Norway’s Continental Shelf.
