Management
Preliminary estimates indicated recoverables of between 30 million and 110 million BOE at the discoveries, which Equinor called its largest of the year.
The decision keeps the effective tax rate on upstream projects at 78%, prompting new warnings that investments will continue to dwindle in the UK Continental Shelf.
Adura will become the UK North Sea’s largest independent producer by combining 12 key oil and gas assets, employing around 1,200 staff. It aims to produce more than 140,000 BOED in 2026.
-
SponsoredAltitude Energy Partners optimized drilling efficiency by minimizing dysfunctions and protecting downhole components. Their directional drilling team ensured consistent curves and laterals through precise BHA design, modeling, and trajectory control—reducing nonproductive time and drilling costs, and achieving a 100% improvement in efficiency by pad completion. -
The Göktepe-3 discovery boosts Turkey’s gas reserve estimates by 10%, supporting Ankara’s ambitions to become a regional gas export hub.
-
Gautam Swami, manager of corporate R&D at NOV and SPE member, shares his experiences in building a career in oil and gas R&D, discusses how innovation is shaping the industry, and offers guidance to young professionals.
-
The new policy aims to accelerate the leasing timeline and expand access to public lands.
-
Equinor said it plans to restart construction on the project, which currently is 30% complete.
-
The times are changing and so are our industry’s prospects, as hydrocarbons are now recognized as cardinal to affordable energy security for the conceivable future. But, in avoidance of suspense, the answer to the headline question is “absolutely.” Here we look at the rationale why.
-
Aramco’s latest MOUs focus on driving innovation and growth across oil, gas, and downstream sectors.
-
Strathcona doubles down on heavy oil—sells Montney assets for nearly CAD 3 billion, grabs Canada’s top crude-by-rail hub, and sets sights on MEG Energy in bold growth move.
-
Floatover topsides installation is the latest milestone in Woodside's $12.5 billion gas project.
-
Operator Cenovus expects the concrete gravity structure to be moved in June, first oil to be produced in Q2 2026.
