Business/economics
The transaction broadens the company's North Sea footprint with long-life assets that boost production and reserves.
Located along the North Sea, the Humber is expected to play a central role in the UK’s effort to achieve a net-zero emissions status by 2050.
The deal adds over 1,000 potential drilling locations and almost doubles oil production for Houston-based Magnolia.
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Industry experts at URTeC assessed more than a decade of unconventional growth while discussing where productivity gains will come from next. -
Assets consolidated into the Searah JV include Eni-operated deepwater gas-condensate developments in the Kutei Basin, offshore East Kalimantan, Indonesia.
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Five agreements target more than 11 Tcf of offshore gas and include flare-reduction technology.
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Disputes over tanker fees and the ongoing military operation in Lebanon represent potential fault lines for the tentative peace deal.
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ExxonMobil and QatarEnergy’s MoU with Cairo to monetize Cyprus’ offshore Glaucus and Pegasus natural gas supports Egypt’s strategy to become the Eastern Mediterranean’s leading gas processing and LNG export hub.
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Production delivered by the subsea artificial lift system will equal that obtained by drilling two new wells, according to BP.
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This article from the SPE Integrated Reservoir Management Technical Section (IRMTS) addresses decision timing across the reservoir cycle.
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BP said it expects to keep the Azeri-Chirag-Gunashli (ACG) project in production into the 2040s by tapping into separate nonassociated gas reservoirs.
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Still flowing nearly 40 years after startup, Gullfaks recently delivered its 5,000th cargo of sweet, low-sulfur crude to Sweden, underscoring how Equinor’s aging shelf assets continue to support Europe’s energy supply.
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Utah, Colorado, Arizona, and New Mexico have formed the Mountain West Geothermal Consortium to turn geothermal energy into gigawatts of baseload power.
