Business/economics
Of the total approved by ADNOC’s board, $50 billion will be invested in Canada under a framework agreement targeting projects in AI, energy, and mining.
Westwood Energy analysts suggest operators have an opportunity to secure rigs at lower rates for their 2027 drilling programs.
Proposed and final notices of sale represent nearly 80 million acres in the Gulf of Mexico and approximately 1 million acres in Alaska’s Cook Inlet.
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Angola expects an 18% rise in natural gas production by 2030 as global producers invest in offshore exploration and new field development. -
Nitzana will enable Israel to double gas exports to Egypt from the giant Leviathan gas field in the Eastern Mediterranean.
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Nearly 90% of investment since 2019 has gone to replacing lost production, with $570 billion in spending projected for 2025.
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Months of due diligence and evaluation following proposed $18.7 billion deal results in no deal to purchase Australian operator.
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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.
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The companies said they plan to start deploying digital twin technologies in Oman this year.
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Egypt’s newest round of drilling agreements advances its quest to boost investment in mature fields to stop the freefall in gas production.
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The oilfield service company will supply power plants capable of electrifying 180,000 US homes with geothermal energy.
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The SPE Management Technical Section has been officially renamed the Asset Management Technical Section. The new name better reflects the section’s focus on asset management as a core discipline in the upstream oil and gas industry.
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The Human Resource Development Corporation and Society of Petroleum Engineers Asia Pacific signed a memorandum of understanding to support the development of a future-ready energy workforce and strengthen Malaysia’s position as a regional hub for technical expertise and innovation.
