Management
The operator has estimated about 500 million bbl of oil in place at Algaita in Block 15/06.
The planned facility was designed to process 34 MMcf/D of associated gas into fully refined gasoline.
The development is expected to add approximately 39 million BOE in recoverable resources to the Solveig field.
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One new license holds the future location of the Gale exploration well. -
The rigs will work in the Norwegian Sea and on the Johan Castberg field.
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Supermajor down, but not out of Brazilian exploration game.
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The operator had been in communication with government about the future of the permits since 2020.
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Norwegian oil company gets $220 million for 28% of the license.
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Italian company finds 200 million BOE with its Block 7 exploration well.
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The French supermajor calls deal "more straightforward" than spin-off of business.
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The first of two exploration wells planned to be drilled in Mexico's Block 30 is being hailed as a success by the German operator.
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The gathering’s goal is to install 120 GW of wind power in the North Sea by 2030.
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Several options exist for large-scale hydrogen underground storage: lined caverns, salt domes, saline aquifers, and depleted oil/gas reservoirs. In this paper, a commercial reservoir simulator was used to model cyclic injection/withdrawal from saline aquifers and depleted oil/gas reservoirs. The results revealed the need to contain the stored volume with an integrated…
