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.
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The acquisition expands Talos' footprint in the deep GOM, giving it ownership stakes in key infrastructure.
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The Sydney-based company announced it will also seek to exit all of its upstream permits with the exception of its major LNG joint venture.
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The sale had 307 valid high bids worth more than $190 million.
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SPE has established three new technical sections—the Management Technical Section, the Methane Emissions Management Technical Section, and the Data Science & Engineering Analytics Technical Section.
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A Schlumberger, Aker Solutions, and Subsea 7 partnership will collaborate on international subsea projects.
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Eni and TotalEnergies’s newest gas discovery offshore Cyprus confirms geologic ties to Egypt’s Zohr field, the Mediterranean’s largest natural gas field.
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The Norwegian oil and gas producer announced its new spending plan that aims to raise production past half a million barrels a day.
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Shell’s venture capital subsidiary has acquired Sprng Energy, one of India’s largest renewables platforms, thus tripling its operating wind and solar power assets.
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The Eni-BP Azule JV creates Angola’s largest independent oil and gas company and will operate the New Gas Consortium project, the country’s first non-associated gas project and a boost to West African LNG.
