Asset Management
Talos Energy founder Tim Duncan has been named executive chairman of newly formed 1947 Oil&Gas, which will focus on acquiring and developing mature, shallow-water assets through its buyout of Renaissance Offshore. The deal is expected to close in Q2 2026.
Operators aren’t rushing to drill, even as the closure of the Strait of Hormuz drives oil prices up.
The following three papers show challenges and potential solutions across various stages of the deepwater well-development cycle from a variety of deepwater basins across the world.
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The development is expected to add approximately 39 million BOE in recoverable resources to the Solveig field. -
The appraisal well in Utah confirmed a geothermal resource exceeding 555°F at a depth of approximately 11,200 ft.
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The cloud platform provider said the initiative is designed to help energy companies manage and analyze large-scale operational data.
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The deal positions the merged company to benefit from an expected offshore drilling upcycle.
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Suspended by force majeure since the spring of 2021, work on the Mozambique LNG project has restarted with over 4,000 workers now engaged onshore and offshore to meet a 2029 deadline for first LNG.
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Shell CEO Wael Sawan said Nigeria’s improving investment climate is boosting its appeal for long-term oil and gas investment.
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An earlier deal to double Israel’s gas exports to Egypt led to approval of Leviathan’s Phase 1B expansion by guaranteeing long-term cash flow to finance the project.
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Marking a major milestone as the Gulf of Mexico’s second 20,000-psi deepwater development, the project underscores how advanced high-pressure technology, management of flow challenges, and the floating production system’s role as a regional hub are helping open the door to more Inboard Wilcox development.
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The company's CEO says Europe’s third-largest oil field is entering a natural decline phase.
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Major increases in hydrocarbon production require both incremental and revolutionary technologies, industry leaders said during the SPE Hydraulic Fracturing Technology Conference.
