Management
Enverus analysts say limited development opportunities and lower oil prices restrained deal activity outside North America for a second consecutive year.
The project partners and the Newfoundland and Labrador government reach agreement over life-of-field benefits, royalties, and an equity option, moving development toward sanction in 2027.
Members of the International Energy Agency said they would make available 400 million bbl from emergency reserves amid market disruptions.
-
The next phase of drilling is expected to resume in mid-2024 and includes several sidetrack wells, long-reach directional wells, and stratigraphic exploration wells. -
Challenges to development, including costs, cited as reasons for turning back the acreage.
-
Jackup rig Borr Norve has started drilling operations on the project’s fourth production well, DHIBM-6H.
-
Fervo Energy’s bet that fracturing methods can be used for geothermal power is looking like a winner.
-
Additional milestones reached could add $14 million to purchase price.
-
Lebanon hopes to join the club of EastMed gas producers as TotalEnergies and its partners spud an appraisal well near Beirut’s maritime border with Israel where gas is already being produced.
-
Wave power plus a subsea battery can be a reliable source for subsea operations, to a point.
-
Woodside confirms key contracts for deepwater Mexican Gulf development.
-
National oil companies and traditional upstream players are progressively focusing on cleaner and more environmentally friendly energy initiatives.
-
Norwegian energy company Equinor has acquired a 25% stake in the Bayou Bend CCS project from Houston-based Carbonvert.
