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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After tracking ARC Resources for more than 2 years, Shell is buying the company to access its tier-one Montney assets. -
A memorandum of understanding between the companies targets technical services for safety and performance across Egypt’s onshore and offshore assets.
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The deal includes Waygate’s inspection portfolios and is expected to close later this year.
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The Orange Basin and Gulf of Guinea will see most of the high-impact drilling activity planned this year in Africa.
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Two examples from ONGC show how supervised AI-driven automation scaled well modeling across hundreds of offshore wells, saving more than 1,000 engineering hours.
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Examples demonstrate how an Integrated Operations Center as a Service (IOCaaS) model, powered by artificial intelligence, reduced costs by 5% and increased production by 6% in Canada.
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Equatorial Guinea government formalizes deal that paves the way for Block I development.
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TotalEnergies will instead invest in the Rio Grande LNG plant, upstream conventional oil development in the US Gulf of Mexico, and shale-gas production.
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Companies largely focused on deepwater acreage in the second Gulf lease sale held under the One Big Beautiful Bill Act.
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Enverus analysts say limited development opportunities and lower oil prices restrained deal activity outside North America for a second consecutive year.
