Management
Wafik Beydoun will receive the 2026 Individual Distinguished Award, and Brava Energia will receive the 2026 Institutional Award.
US EIA data show exports rising from 0.5 Bcf/D in 2016 to 15 Bcf/D in 2025, positioning the US as the world’s largest LNG exporter with further capacity growth expected next year.
The agreement follows the discovery of 724 million BOE in unconventional oil and gas reserves in November.
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Weatherford announced that Mark A. McCollum, president, CEO, and a director, has left the company, effectively immediately. -
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The leadership change comes amid a downturn in global crude prices which has lowered the national oil company’s revenues this year. Taking over the position will be the current chief financial officer.
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Although oil prices were down on 8 June, the market is expected to see higher prices in response to the OPEC+ decision to continue production cuts.
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McDermott’s completion comes 19 months after it was first awarded. SapuraOMV achieved first production from the Larak gas field in January.
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Forecasts are lowered for levels of E&P, budgets, and project sanctioning.
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The Permian Basin is now influencing the upstream water market on the way down, while many questions swirl around the implications of unprecedented shut-ins.
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The economic impact report looked at scenarios involving current policies and potential bans on both drilling permits and offshore leases.
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This is Part 2 of a paper written by the Digital Transformation Subcommittee of SPE’s Digital Energy Technical Section on the importance of change management in digital transformation.
