Management
A presidential decree extends ExxonMobil’s chance to possibly recoup part of the $4.6 billion loss it suffered after exiting its flagship Russian asset in spring 2022.
The $1.3-billion deal targets DJ Basin assets producing 35,000 BOEPD, and Japex aims to increase that output to 50,000 BOEPD around 2030.
The Nigerian Upstream Petroleum Regulatory Commission has set its sights on anti-corruption efforts for the 2025 Licensing Round, which began on 1 December.
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The contractor will execute the work scope jointly with Canadian subcontractor Hatch. -
The nation set to offer 14 offshore blocks in April.
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The operator adds equity interests in five discoveries in the region.
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Initial production rates have exceeded 10,000 B/D of oil.
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Production-sharing contracts sold were in the Baram Delta region.
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Two US test sites have fractured hot, dry rock with plans to create a network of fractures for water heating. They will soon find out if the fractures worked as expected.
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The coupled geomechanical and dynamic flow simulation work flow described in this paper relies on a multidisciplinary approach to meet future peak gas demands and support clean-energy initiatives.
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The technology and knowledge base of the E&P sector is poised to play a major role in the newer, lower-carbon energy economy.
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Ministry takes to Twitter to reveal new oil concession round coming soon.
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South Bohai Sea find offers up light crude bounty.
