Management
Vår Energi ASA and partners have officially sanctioned the Previously Produced Fields Project in the Greater Ekofisk Area. The redevelopment is expected to add high-value barrels starting in 2028, extending the production life of one of Norway’s key offshore regions.
The Federal Reserve Bank of Dallas’ fourth-quarter energy survey shows that oil prices and geopolitical uncertainty are curbing enthusiasm heading into the new year.
The transition follows a broader effort within BP to reorganize management and direct more capital to oil and gas projects.
-
The all-cash deal aims to strengthen the Italian supermajor's role as a key supplier of gas to European markets. -
The Black Sea is where Turkey shares maritime borders not only with Russia and Ukraine, but also with EU nations such as Romania. Its significance is evolving, both regionally and globally.
-
Putting into action an agreement signed in 2022, the companies will collaborate on the project to test the emerging technology for producing geothermal energy.
-
Qatar’s newest partnership in the North Field East expansion project boosts China’s expected new deliveries of LNG by another 4 mpta.
-
DJ Basin player enters the Permian Basin with a pair of asset purchases from private-equity vehicles.
-
The 500-million bbl find in the Mexican Gulf is expected online in 2028.
-
The US-based drilling contractor and well completions company will combine to form the second-biggest service company in North America.
-
A concurrent deal to sell off some of the acquired assets to Northern Oil and Gas will effectively lower the acquisition cost to $1 billion.
-
A Kimmeridge Energy executive said at the Unconventional Resources Technology Conference that he wants to "make unconventional resources investable in a low-carbon world."
-
The first long-haul overland conveyor system to deliver proppant is under construction in the Permian Basin.
