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 new, larger vessels are all part of the UAE’s ambitious LNG expansion plans, which also include a new plant in Fujairah. -
The project partners and government came together to salvage the stalled East Canada offshore project now due to produce first oil in 2026.
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The Internet of Things company plans to broaden its reach into the oil and gas industry with its acquisition of Hiber.
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The US has extended Chevron’s waiver to maintain its assets in sanctioned Venezuela through the end of November 2022 under the same limited terms as the previous extension.
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The exit comes after Equinor's presence of more than 30 years with the transfer of its interests in joint ventures to Rosneft and its stake in the Kharyaga PSA to operator Zarubezhneftegaz.
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The Barents Sea is the gift that keeps on giving for Equnior which has made its 10th sizeable discovery within the same license area.
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SponsoredGain deeper insights on your system and its performance. Use integrated modeling to explore the effects of changing conditions and equipment to avoid unplanned downtime.
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The fast-growing software firm was founded by former oil and gas professionals who wanted to disrupt traditional reservoir economics software and redefine workflows.
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The deal grows the marine energy services company’s shallow-water GOM fleet by more than 30 vessels.
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The three US lease auctions were the last planned under the current 5-year federal leasing plan.
