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.
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Lagoon becomes a multibasin player in water management while WES locks down assets that could drive future deals. -
Shell is getting out of the Permian by selling out to ConocoPhillips, which has added to its bets in the west Texas play for the second year in a row.
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The Mexican state oil company’s increased spending plan is designed to turn around flagging oil production.
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Canadian midstream giant adds key US oil export capacity via private-equity exit.
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ADNOC will purchase eight FlexRigs while H&P invests in ADNOC Drilling’s planned public offering.
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A group of oil and gas executives and bitcoin miners mingled in a warehouse in Houston recently. One big topic of discussion: using stranded natural gas to power bitcoin mining rigs, which both reduces greenhouse-gas emissions and makes money for the gas providers, as well as the miners.
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Brazilian state oil company will charter two pipelay support vessels for 3 years plus options.
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After more than 2 decades of talk, multiple millions of dollars in investments, and a decade’s worth of joint industry projects, operators are starting to get on board with electrification as the base case for subsea solutions.
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A well-pattern-design work flow proved able to identify substantially better patterns than the traditional approach for a giant mature field.
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Recent history has taught the unconventional sector that overly optimistic production forecasts can backfire. Going forward, one solution may be to combine financial and subsurface models to better communicate expectations.
