Management
The Gorgon Phase 3 project will counter declining reservoir pressure to sustain gas supplies to Western Australia’s domestic market and support LNG exports to Asia.
The Denver-headquartered shale producer will become a pure-play operator of the Marcellus Shale in West Virginia.
The $100-billion project is widely considered the largest unconventional development outside of the US and is noted by Aramco as the largest nonassociated gas development in the Kingdom.
-
The latest merger and acquisition report from Enverus Intelligence Research shows deal value fell 21% quarter over quarter. -
The Begonia and CLOV Phase 3 subsea tiebacks are each sending production to nearby FPSOs.
-
The China National Offshore Oil Corporation said it plans to use water injection, steam huff ’n’ puff, and steamflooding to produce the heavy oil field, with peak production expected in 2026.
-
The company said it is considering connecting the Vidsyn commercial discovery to the nearby Fenja subsea facility.
-
Chevron now holds a 30% stake in a prolific offshore Guyana development, where oil production is expected to ramp up over the next few years.
-
The new vessel, P-78, will be deployed on the Buzios field in the Santos Basin offshore Brazil.
-
The update increases the guidance’s focus on creating a just energy transition.
-
The traditionally Oklahoma-centric producer adds new acreage in west Texas and New Mexico through a pair of purchases.
-
Welligence projects explorers are targeting 50 billion BOE in the near term, with about 20% of that being gas.
-
As Africa’s top oil producer, Libya is ramping up momentum—offering 22 exploration areas and welcoming BP back to Tripoli with a major deal.
