Asset Management
The deal includes Waygate’s inspection portfolios and is expected to close later this year.
An asset swap with PDVSA helps consolidate the supermajor’s heavy-oil operations in the country.
Co-owner Chevron confirmed the find at the Bandit prospect offshore Louisiana and suggested it may become a subsea tieback to existing faciltiies operated by Occidental Petroleum.
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As European majors push hard and fast to decarbonize energy and move into new and renewable sources, US majors are focusing on cleaner, more efficient hydrocarbons. Which approach and which companies will gain the upper hand? -
Discovery near field’s northern reaches will be fast-tracked for production.
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Three wells planned, including a Hibiscus Extension well.
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Victories by climate activists targeting Shell and Exxon Mobil have packed a strong punch. What does this foretell for the next round in the climate debate?
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The facility would be the first of its kind in the US and is planned to be located in West Texas’ Permian Basin.
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In a joint communiqué, the Group of Seven nations has called for an “absolute end” to new direct government support for unabated international thermal coal power generation by the end of 2021 and for fossil fuel financing to keep the objectives of the Paris Agreement within reach.
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UK major offloads North Sea stake to Tailwind Energy as it continues to adjust its portfolio in the region.
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The latest deal bucks a trend that has been dominated by moves to consolidate assets within a single basin by creating a multibasin company that its leaders say is better prepared for the "commodity roller coaster."
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Founded in 2017, Fervo Energy is aiming to leverage multistage hydraulic fracturing technology to create more-efficient geothermal wells that will power the Internet company's data infrastructure by 2022.
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The roadmap presented by the International Energy Agency requires extreme measures that could be career changing for petroleum engineers.
