Asset/portfolio management
Even as industry faces policy and tariff uncertainty, companies view spending on digital transformation as a driver of efficiency.
A new Eni/Petronas venture is targeting 500,000 BOE/D in output from combined upstream portfolios across Malaysia and Indonesia.
BPX Energy will retain operatorship of the assets after the sale of its interests to private investment firm Sixth Street is complete.
-
FPSO Nganhurra, laid up in Malaysia, produced Woodside’s Enfield field until the end of 2018. -
Strathcona doubles down on heavy oil—sells Montney assets for nearly CAD 3 billion, grabs Canada’s top crude-by-rail hub, and sets sights on MEG Energy in bold growth move.
-
The contracts build on Cairo’s decades-long strategic energy alliance with Moscow, which will soon include nuclear energy.
-
Global majors remain committed to boosting investment in Egypt’s offshore gas production as they eye Cairo’s underutilized LNG capacity.
-
Pacific Meltem and Pacific Scirocco will be sold out of the marketed fleet; Noble posts over $2 billion in fresh contract backlog.
-
SOCAR’s expansion of its exploration footprint in Israeli waters could position Azerbaijan as a future player in EastMed gas.
-
The new plan will replace the current roadmap that contains just three planned Gulf of Mexico lease sales.
-
Stonepeak will pay $5.7 billion for 40% interest in the project due for FID later this year.
-
The acquisition expands INEOS’s US upstream footprint and gives it a minority stake in a pair of deepwater Gulf of Mexico producing fields.
-
In the next 3 to 5 years, South America and the Middle East will lead global investment, driven by greenfield developments, exploration, and midstream infrastructure. Brazil’s growth is fueled by deepwater pre-salt projects, while the Middle East focuses on gas and LNG, especially in Qatar, Saudi Arabia, and the UAE.
