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.
-
SponsoredWhile WACC is frequently used as the base discount rate for corporate-level decision-making, using it as a universal discount rate for projects can result in inaccurate project valuations. Incorporating the opportunity cost of capital provides a more nuanced and accurate approach to project evaluation. -
The world’s reliable engine of crude demand growth is stalling out, and its impact on the upstream market is already being felt.
-
Oil price visibility, projects competing for funds, and regional market softness are all factors resulting in muted demand for deepwater rigs this year.
-
Australia’s Ichthys LNG facility will provide feedstock, along with production from legacy Japanese gas fields that will also serve as repositories for CO2 storage.
-
Canadian operator expands its Deep Basin gas footprint in Alberta, adding 700 new drilling locations.
-
Arcius’ remit covers the Shorouk concession, home to the Zohr gas field whose production decline has been fueled by a lack of investment.
-
Deepwater subsea tieback expected online by the end of the decade, targeting more than 300 million BOE.
-
The acquisition will add water infrastructure in both the Midland Basin of west Texas and the Williston in North Dakota.
-
A dozen new platform supply vessels will be supplied by Bram Offshore and Starnav Serviços Marítimos.
-
A new UK-based operating company is set to launch next year with a production profile of nearly 140,000 BOE/D.
