Asset Management
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.
The multiyear contract with YPF includes electric pumping units and automated stimulation services.
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Ongoing seismicity concerns and orphan well risks are pushing operators and regulators to explore alternatives for managing produced water. -
The agency also requests feedback related to interest in a possible minerals lease sale offshore Alaska.
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A final investment decision is also expected by the end of the year for the company’s first low-carbon data center project.
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Among the awards are contracts for four currently idle deepwater rigs.
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The $26-million project will serve as a collaborative hub for research, engineering, and testing.
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The deal targets increased investment and production from one of the country’s largest onshore developments.
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A series of major advances will move Phase One of the Alaska LNG Project from the development phase into execution.
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The expansion project by QatarEnergy is expected to increase LNG production capacity to 142 mtpa when it goes online.
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The Nasr-115 expansion project, within ADNOC’s larger Ghasha concession, is part of a development aimed at increasing capacity to 115,000 BOPD by 2027.
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The NLR has released its 2025 US Geothermal Market Report, documenting 4 years of industry growth and providing policymakers and stakeholders with an updated overview of the US geothermal market.
