Asset/portfolio management
After a decade and a half of declining production, Uzbekistan, ranked 15th worldwide in gas output, has been seeking foreign partners to revive and reverse the fortunes of its oil and gas industry.
While often associated with smaller discoveries, subsea tiebacks are playing a growing role in contributing to the broader energy mix.
Talos Energy founder Tim Duncan has been named executive chairman of newly formed 1947 Oil & Gas, which will focus on acquiring and developing mature, shallow-water assets through its buyout of Renaissance Offshore. The deal is expected to close in Q2 2026.
-
The deal grows the marine energy services company’s shallow-water GOM fleet by more than 30 vessels. -
The three US lease auctions were the last planned under the current 5-year federal leasing plan.
-
ExxonMobil has declared force majeure on its Sakhalin-1 operations in the Russian Far East as risk-averse shippers fearing sanctions refuse to transport Sakhalin crude and production starts to fall.
-
Delek Group subsidiary Ithaca Energy has acquired private equity-backed Siccar Point Energy to become a major player in the North Sea.
-
QatarEnergy is farming into ExxonMobil’s North Marakia deepwater exploration project offshore Egypt as it further grows its position in the East Med and a share of possible future gas sales to Europe.
-
The US oil and gas company's exit from Russia amid the ongoing military conflict freezes the Russian Far East LNG project and cripples Rosneft’s ambitions to become a competitive global LNG supplier.
-
Mexico’s Ministry of Energy has completed the unitization resolution between the blocks that share the Zama reservoir.
-
Russia is looking like a riskier spot for big service companies to do business, but they are not rushing to get out.
-
Azule Energy, a new E&P company, will be independently managed and one of Angola’s largest oil producers.
-
For the foreseeable future, going beyond the barrel will really mean maximizing returns from the barrel, including the identification and harnessing of potential gains from capital planning, asset management, and operations.
