Business/economics
As the pace of new discoveries slows and high-quality prospects become harder to find, oil companies may need to rely more heavily on mature fields to maintain production and support future supply.
After years of market shocks, technological breakthroughs, and rising uncertainty, ATCE 2026 will provide new insights on how industry leaders and technical experts are preparing for the next era of the upstream business.
This guest editorial examines why geothermal projects require a different planning, financing, and development approach than traditional oil and gas projects.
-
Offshore rig owner expands deepwater fleet in a transaction valued at just under $1 billion. -
Instead of insights, traditional economic yardsticks in mature fields can create surprises. Buyers, investors, and lenders need new yardsticks—besides those based on present value—in order to make profitable decisions in mature properties.
-
NextDecade pushes the final investment decision on project to the first quarter of 2023.
-
Leveraging its existing natural gas interests, plus renewables potential in Egypt and Mauritania, BP is now factoring in Africa to realize its global ambitions as a hydrogen producer.
-
Barriers remain, but oil companies across the world are now in a position to reap big profits by capturing methane instead of flaring and venting it.
-
Transocean rigs will start new contracts in Brazil in the second half of 2023.
-
Development of these offshore fields carries a combined price tag net to Aker BP of $19 billion.
-
Both companies are set to increase their investment in the Permian Basin in the new year.
-
NewMed’s planned merger with Capricorn Energy may benefit the Israeli company’s Moroccan offshore activities considering that Capricorn had explored the same area in its previous business incarnation.
-
This year has seen the highest amount of capacity sanctioned since 2010.
