Asset/portfolio management
The deal between the Republic of the Congo and the Chinese oil and gas company aims to develop the Banga Kayo, Holmoni, and Cayo blocks and raise national oil output to 200,000 B/D by 2030.
A total of 20 companies submitted applications for new exploration blocks offshore Norway.
The SPE Asset Management Technical Section (AMTS) is teaming up with the University of Houston to launch a pilot program that advances asset management practices and supports the growth of energy professionals worldwide—setting a model for future collaborations between universities and SPE technical sections.
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In a deal described as possibly "one of the most important transactions BP has done in 20 years" by CEO Murray Auchincloss, the company has agreed contractual terms with the Iraqi government to invest in drilling and infrastructure to rehabilitate and boost production at the Kirkuk oil field. -
The operator’s sale of the US Gulf holdings is part of a larger portfolio rationalization program.
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Soft demand and mounting stacking costs drove decisions by Noble and Valaris to move on from units.
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The Midland, Texas-based operator said the deal hands it the biggest remaining target in the Midland Basin side of the Permian Basin.
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Equinor will reduce investments in renewables over the next 2 years by 50% to $5 billion and will increase its focus on oil and gas production, expecting more than 10% growth from 2024 to 2027.
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Diversified Energy announces its largest deal yet to buy private equity-owned Maverick Natural Resources.
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International majors showing new interest in Iraq as China scoops blocks in Baghdad’s most recent bid rounds.
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Of the 53 licenses awarded, 33 are in the North Sea, 19 in the Norwegian Sea, and one in the Barents Sea.
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As Southeast Asia’s third-largest gas producer, PTTEP is investing in its energy security by prioritizing gas production and building up a global LNG supply chain.
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Canadian operator expands its Deep Basin gas footprint in Alberta, adding 700 new drilling locations.
