Business/economics
EY reports an 11% decline in reserve additions and the first sub-100% reserve replacement ratio since 2021, even as crude output climbed.
Superior seeks to expand its international footprint through the acquisition, which is reportedly valued at $1.2 billion.
By acquiring 100% of Ventura’s outstanding shares, SED Energy Holdings would scale its business into a combined $1 billion company backed by a $1.3 billion contract backlog focused on deepwater drilling, shallow-water tender rigs, and seismic acquisition.
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The merger creates one of the largest oil-focused independents in the US with output of 526,000 BOE/D. -
BPX Energy will retain operatorship of the assets after the sale of its interests to private investment firm Sixth Street is complete.
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SPE and The Open Group have signed a memorandum of understanding to advance collaboration and innovation in the global energy industry.
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Thailand’s PTTEP is partnering with subsea joint venture SLB OneSubsea to expand capacity across two fields offshore Malaysia.
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This paper presents an approach to subsea hydrate-risk management based on the understanding that some crudes have induction properties that delay hydrate formation even when the pressure and temperature conditions reach the hydrate thermodynamic region.
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With inventories swelling and China’s stockpiling nearing its limit, global oil prices may be running out of room to hide.
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The global oilfield service company is working with Ormat Technologies to boost its integrated geothermal business.
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The service company said the cancellation of a 2-GW offshore wind project in the Netherlands means its restructuring plan can no longer be delivered.
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JERA joins Tokyo Gas as a player in the Haynesville as Japan targets the US Gulf Coast as key to building global LNG supply chains.
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Although the global total drilling rig supply is tightening as contractors sell off modern units for nondrilling purposes, day rates are expected to remain flat or dip in the near term, according to an analysis by Esgian.
