Management

Chevron is "encouraged and excited" after drilling its first successful exploration well in the Eastern Mediterranean block.

The French operator will tie satellite field back to existing FPSO, with first oil expected in around 2 years.

At a time when there are many models vying to be the one used to evaluate and plan carbon storage sites, the US Department of Energy wants to test one developed by SPE members.

When the name change was announced on 24 October, the accompanying release said the SLB name was designed to underscore “the company’s vision for a decarbonized energy future and affirming its transformation from the world’s largest oilfield services company to a global technology company focused on driving energy innovation for a balanced planet.”

A minority stake of the new company to go public later this year.

Proposed energy projects needing US federal permits will come under increased scrutiny related to the scope and magnitude of potential emissions.

Malaysia plans to launch its 2023 bid round in Q1, hoping to exceed last year’s completion of 18 exploration wells that boasted a 60% success rate in new offshore hydrocarbon discoveries.

One of the problems with geothermal is that the rock that is hot enough to create the steam needed to run a power plant is also capable of destroying drilling hardware.

Oil and gas companies play important roles in the global push for energy security and carbon reduction. Here’s how they can excel at both.

The well is the operator’s third discovery over the past 6 months in the region.