Management
Of the total approved by ADNOC’s board, $50 billion will be invested in Canada under a framework agreement targeting projects in AI, energy, and mining.
By resuming work on the Rovuma LNG project, ExxonMobil tees up a final investment decision expected in 2026 as East Africa’s LNG hub begins to take shape with three separate projects now in construction.
Westwood Energy analysts suggest operators have an opportunity to secure rigs at lower rates for their 2027 drilling programs.
-
A testing and completion program for the CN-1 discovery is under review. -
New well on the South Salinas project encounters commercial quantities of oil.
-
The acreage comprises 10 leases covering approximately 25,430 contiguous acres.
-
New well northwest of Cizre strikes 162 m of light oil pay.
-
New probe extended past 5.3 miles deep in Tarim Basin.
-
Life-extension project will double the facility’s life in hopes to double its output to date.
-
The new well in offshore Bloc 9 is expected to wrap up by year-end.
-
SMJ will get 50% nonoperating interest in the PSC.
-
Plan granted contains permission for one appraisal well and up to six horizontal development wells.
-
A look at recent first‑quarter results reminds us that there is no such thing as a constant trend in our industry. Continual recalibration of companies’ activities aim to obtain positive financial results in the traditional oil and gas business while devoting efforts in a practical way to both mitigate climate change issues and to develop new forms of energy.
