Business/economics
While often associated with smaller discoveries, subsea tiebacks are playing a growing role in contributing to the broader energy mix.
The Houston-based enhanced geothermal developer scored $1.9 billion in an initial public offering, positioning it to expand projects in Utah and Nevada.
Equinor generated its first revenue from the Adura joint venture with Shell, formed in late 2025, highlighting strong early cash flow from key UK fields including Mariner and Buzzard.
-
The new company, to be called Whitecap, will be the largest Alberta Montney and Duvernay landholder, sporting 370,000 BOE/D in combined production. -
Kuwait Petroleum’s managing director of planning and finance said that more investment will be needed to keep Kuwait’s mature oil fields flowing while production is brought on stream.
-
The proposed joint venture aligns with Eni's satellite model strategy to create entities that manage operations and access capital markets separately from the parent company.
-
The supermajor is making a major course correction as it plans to slash renewable investment and focus more on oil and gas development.
-
Key drivers of the rapid growth projection include Asia’s economic outlook and the rise of artificial intelligence.
-
The engineering and construction firms take the first steps toward combining companies.
-
The Midland, Texas-based operator said the deal hands it the biggest remaining target in the Midland Basin side of the Permian Basin.
-
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.
-
Analysts at Enverus Intelligence Research and Rystad Energy report that US shale consolidation has largely run its course.
-
Global offshore decommissioning projects hear the starting gun in Australia and the North Sea, but will the race be a marathon or a sprint?
