Management
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.
Marking a major milestone as the Gulf of Mexico’s second 20K-psi deepwater development, the project underscores how advanced high-pressure technology, management of flow challenges, and the FPS’s role as a regional hub are helping open the door to more Inboard Wilcox development.
CEO says Europe’s third-largest oil field is entering a natural decline phase.
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Deepwater Yellowtail project, onstream 4 months ahead of schedule, is expected to produce an average of 250,000 BOPD. -
The collection of undeveloped blocks includes 59 located in Nigeria's deep water.
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Azule’s new FPSO is the first in the world to feature a pilot carbon capture and storage unit that sequesters CO₂ from onboard gas-turbine exhaust.
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The deal follows Blackstone’s recent moves in gas-fired power and a pipeline venture with top US gas producer.
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Shale’s slowdown leaves room for OPEC+ gains as tensions rise between the US and India over Russian oil imports.
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This month’s column recaps the top five objectives for the 2025 SPE President and introduces a new discussion on the future of the SPE name.
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The number of high-impact wells drilled across the globe this year are expected to be on trend with the most recent 5-year average.
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BP called the Bumerangue discovery in the Santos Basin the company’s largest find in 25 years, and announced it had begun production from its tieback project at Argos ahead of schedule.
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Emerging solutions could solve current subsea pain points, while a new taxonomy system could clarify the capabilities of the expanding domain of underwater vehicles.
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Big oil companies are backing direct lithium extraction while the market flashes warning signs.
