Business/economics
Viper Energy is acquiring Sitio Royalties Corp. and its more than 25,000 net acres of royalty interests across major US shale plays.
Extensive acreage overlap and existing operational collaboration drove the acquisition decision.
The Göktepe-3 discovery boosts Turkey’s gas reserve estimates by 10%, supporting Ankara’s ambitions to become a regional gas export hub.
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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.
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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.
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Canadian operator expands its Deep Basin gas footprint in Alberta, adding 700 new drilling locations.
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Arcius’ remit covers the Shorouk concession, home to the Zohr gas field whose production decline has been fueled by a lack of investment.
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Deepwater subsea tieback expected online by the end of the decade, targeting more than 300 million BOE.
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The acquisition will add water infrastructure in both the Midland Basin of west Texas and the Williston in North Dakota.
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A dozen new platform supply vessels will be supplied by Bram Offshore and Starnav Serviços Marítimos.
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A new UK-based operating company is set to launch next year with a production profile of nearly 140,000 BOE/D.
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This article examines how decommissioning costs impact project viability, showing that operational profitability can mask uneconomic end-of-life obligations, and advocates for ethical diligence in assessing these costs.
