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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One-time shale champion eliminates $1 billion in annual cash costs and plans to focus 2021 activity on natural gas assets. -
The Norwegian oil company is exiting assets in North Dakota and Montana after a decade of development. A Houston-based private equity producer will take over the shale fields.
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Oil producers that spent years gearing up for a growth spurt beginning in 2020 are making up for lost time.
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Although they only make up about 10% of total US production, the vast majority of onshore US conventional wells are stripper wells. What are the implications for buyers seeking assets?
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Outlooks for the oil and gas industry continue to vary along with the supply/demand balance and the continued effects of COVID‑19 across the globe.
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The oil and gas industry, which had begun showing signs of recovery from a generational downturn, was brought to its knees by the COVID-19 pandemic in 2020. SPE’s technical directors reflect on the pandemic’s impacts and share their outlooks going forward in this annual roundup.
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Petrobras will sell the Rabo Branco field, part of the BT-SEAL-13 concession, to Energizzi Energias.
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The company will focus on renewables projects such as offshore wind farms and solar farms, gas solutions, production assets, and new energy solutions such as hydrogen and tidal energy.
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The deal seeks to add 151,000 acres to the Calgary-based oil company's portfolio for price of $465 million.
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Sentiments are clearly improving amongst the hard-hit oilfield service companies who all saw revenue grow in the fourth quarter of last year.
