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.
-
An Energy Industries Council survey of nearly 100 energy supply chain leaders finds that a lack of "consistent and profitable work in green projects" prompts a return to oil and gas projects. -
Petronas and Pertamina purchase 35% stake in offshore Indonesia parcel which contains the Abadi gas project.
-
Public companies shoring up inventory leads to a shift in Permian asset ownership.
-
The contract calls for Baker Hughes to supply equipment for three liquefaction trains for the project located in Brownsville, Texas.
-
The contract awarded by MODEC is for the supply of gas technology equipment for installation on the project’s FPSO.
-
Private-equity producer adds over 160,000 acres in Wyoming’s Powder River Basin oil play.
-
The offering includes automatic evaluation of project economics and enhances collaboration to cut the time required for field development planning by up to 50%, according to the companies.
-
The transaction is part of a broader strategy by Eni to reduce its oil portfolio in favor of natural gas.
-
The deal is expected to support the liquefied natural gas exporter’s Sabine Pass liquefaction expansion project.
-
The contractor will see the delivery of its first subsea production systems to Azule Energy.
