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.
-
State of Energy report also sees a widening role for natural gas due to robust global LNG demand. -
Environmental report recommends shrinking the Alaska project to three drilling sites from the five initially proposed by ConocoPhillips.
-
Two PSCs have been sold to PSEP for $475 million.
-
The authors of this paper describe the path of an operator’s successful exploration program that has integrated geologic and geophysical understanding and new technology to discover 8 billion BOE at the time of writing.
-
Supermajor sells Central African operations for $407 million.
-
Spending plans announced by oil and gas companies indicate that about 80% of their budgets are directed toward traditional E&P, efforts to reduce emissions and carbon footprints, and sustainable investment in new energy. It is reasonable to expect that with these budget increases, there will be an uptick in the employment of petroleum professionals.
-
Fossil fuel importers could move more quickly to renewables as a domestic alternative to buffer the impact of energy supply disruptions and rising prices.
-
The deal for 1 mtpa results in the planned initial phase of Port Arthur LNG plant being fully subscribed.
-
The acquisition of Advance Energy Partners shows that private equity groups are successfully maintaining premium valuations for core assets.
-
M&A market activity in the fourth quarter fell from the third-quarter high to $13 billion.
