Asset Management

The US Department of Energy and Pennsylvania Department of Environmental Protection will convert a horizontal Utica Shale gas well into an enhanced geothermal system. Building directly on horizontal drilling and completion practices developed in the Utica, the project will include evaluation of optimal well orientation, lateral placement, and spacing.

The Offshore Technology Conference will honor the winners of the 2026 Spotlight on New Technology Award on Monday, 4 May, at NRG Center in Houston. Seventeen groundbreaking innovations, from AI-powered geotechnics and autonomous well construction to next-generation subsea systems and drilling intelligence, demonstrate how bold ideas are translating into real-world gai…

Under the agreement, Trafigura will pay Gabon $1 billion for future crude export deliveries over 7 years.

The country’s foreign investment bid comes as Sonatrach launches its largest capital expenditure outlay—$60 billion to be spent from 2026 to 2030.

Fervo Energy and Vallourec have signed a 5‑year supply agreement to support large‑scale deployment of next‑generation geothermal across the US, establishing a fully domestic supply chain for geothermal well components.

War‑related infrastructure damage is beginning to influence global energy supply chains in ways that could reshape project development and capacity growth.

Sulzer and JSIL are teaming up to provide the service for oil and gas, power generation, and industrial operations.

The deal includes Waygate’s inspection portfolios and is expected to close later this year.

An asset swap with PDVSA helps consolidate the supermajor’s heavy-oil operations in the country.

Co-owner Chevron confirmed the find at the Bandit prospect offshore Louisiana and suggested it may become a subsea tieback to existing faciltiies operated by Occidental Petroleum.