Business/economics
The ASEAN Council of Petroleum and Energy and SPE have taken a step toward deeper regional collaboration, formalizing a Memorandum of Cooperation at OTC Asia 2026. The agreement signals a shared commitment to advancing energy security, sustainability, and technical excellence across ASEAN through expanded knowledge exchange and workforce development.
The transaction creates a new company, NEO NEXT+, which is now the largest independent producer on the UK Continental Shelf.
Conflict‑driven price gains may be offset by higher costs, supply‑chain risks, and a limited appetite for new drilling activity.
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Initiative identified as the single highest-priority action to support geothermal capital market creation following a 2-year expert analysis of financial barriers to exponential-scale geothermal development. -
Enverus analysts say limited development opportunities and lower oil prices restrained deal activity outside North America for a second consecutive year.
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The project partners and the Newfoundland and Labrador government reach agreement over life-of-field benefits, royalties, and an equity option, moving development toward sanction in 2027.
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Members of the International Energy Agency said they would make available 400 million bbl from emergency reserves amid market disruptions.
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Drone strikes, refinery shutdowns, tanker disruptions, and halted LNG production have heightened concerns about broader supply risks.
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Cook Inlet leases have been a hard sell for federal or Alaska state authorities for years, given the environmental sensitivity of the area.
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Ir Mohd Yusri Mohamed Yusof spoke with JPT about the national oil company’s carbon capture and storage efforts, the value of cross-border cooperation, and his expectations for OTC Asia, to be held 31 March–2 April 2026 in Kuala Lumpur.
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While physical damage to energy infrastructure has so far been limited, analysts caution that a prolonged conflict could drive prices higher even as OPEC+ proceeds with planned incremental supply increases.
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The objective of this study is to numerically investigate system behavior when storing H2/natural gas (CH4) mixtures in aquifer-related underground gas storage, and the effect of gas composition and salinity on energy-recovery efficiency.
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In this paper, the authors review and draw lessons from the many firsts in the Teesside CO2 transportation and storage infrastructure project.
