Asset Management
TotalEnergies signed off for 30% operated stakes in the Lang Lebah and B14 gas fields offshore Sarawak on the sidelines of ADIPEC in Abu Dhabi, while also highlighting methane-reduction partnerships in Angola, India, and Southeast Asia.
New rules requiring Mozambique’s LNG industry to supply 25% of production to the domestic market could stabilize gas deliveries to South Africa’s Secunda industrial center as the Pande and Temane gas fields near depletion.
The emerging vision is an industry where engineers focus on judgment, risk assessments, and accountability.
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TotalEnergies has signaled its intent to reenter Venezuela after a 5-year absence, while Halliburton has teamed up with Brazil’s independent natural gas operator Evena and Venezuelan engineering firm WESCA to also assess business opportunities. -
Element One Hydrogen & Critical Minerals and Mantle8 have signed a letter of intent to evaluate and develop natural hydrogen exploration opportunities in British Columbia and Alberta using advanced prospect-generation and subsurface imaging technologies.
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With funding opportunities improving, developers and researchers are focused on shortening project learning cycles and reducing uncertainty to attract more capital and speed deployment.
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The US Department of Energy has awarded more than $99 million to 21 projects that will advance geothermal development through field-scale testing of next-generation technologies and exploration drilling programs across the US.
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By integrating reservoir simulation, probabilistic seismic hazard and risk assessment, and machine learning, this study provides a practical framework for translating complex geoscientific research into evidence-based policy and field operations, achieving measurable reductions in seismic risk indicators in the Groningen gas field.
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Considering three different climate pathways, the analysis says holding global temperature rise to 2°C by the end of the century remains possible, though increasingly challenging.
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Since the start of the Ukraine war, Norway has replaced Russia as the top gas supplier to the EU and Britain by maximizing its pipeline capacity and LNG volumes through its interests in export facilities in Norway and the US, as well as regasification in Europe.
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The shale revolution, the Paris Agreement, and the global pandemic each transformed energy markets. Now, industry leaders say energy pragmatism is emerging.
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The French major said it plans to fast-track the development of Acacia-5, expecting to increase production in Angola’s Block 17 by 6,000 B/D.
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More than a dozen companies have joined the advisory board of a new US Department of Energy center dedicated to expanding geothermal energy in the US.
