Management
The agency also requests feedback related to interest in a possible minerals lease sale offshore Alaska.
A final investment decision is also expected by year end for the company’s first low-carbon data center project.
The $26-million project will serve as a collaborative hub for research, engineering, and testing.
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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.
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The update increases the guidance’s focus on creating a just energy transition.
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The traditionally Oklahoma-centric producer adds new acreage in west Texas and New Mexico through a pair of purchases.
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Welligence projects explorers are targeting 50 billion BOE in the near term, with about 20% of that being gas.
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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.
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Tight oil and gas producers in the US are pulling back faster than expected as oil prices stagnate and produced water management constraints grow.
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Electricity produced onshore powers oil production at Johan Sverdrup holding CO₂ emissions at only 5% of the global average.
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Successful in other applications, self-healing coatings could be the oil industry’s ticket to fighting corrosion and extending the life of steel.
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Shell became the first international company to operate producing fields offshore Brazil and the first to navigate the country’s complex and detailed decommissioning permitting process, which involved extensive environmental assessments, regulatory approvals, and coordinated stakeholder engagement.
