Asset Management
After a record year for LNG project approvals in 2025, multiyear repairs to war-damaged liquefaction facilities in Qatar and the UAE threaten to slow the growth of global LNG capacity.
The declaration builds on a memorandum of understanding the partners signed with Egypt in May to process Block 10 gas at the country’s LNG export and domestic gas facilities.
Alongside the new subsea awards, Equinor strengthened its position in the 400-million-bbl Bay du Nord development by acquiring BP’s interest in the project.
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Tested within a full ballast water tank on a North Sea FPSO, the ROV collected visual inspection data, validating system performance including wireless navigation and wireless communication. -
This paper identifies success factors behind the Johan Sverdrup predrilling campaign and outlines lessons learned.
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Exploratory, development well success in current onshore program.
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Deal also includes commitment from Eni to drill four wells.
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State-run company will direct $2 billion towards frontier drilling in the area.
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Petroleum Development Oman is building infrastructure for the project’s initial phase.
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Regarding the long-term risks to our industry and a decreasing role of oil and gas in the energy transition in the future, I see an opportunity for companies to expand into new business segments and our members into new career opportunities.
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Statfjord has produced 5.1 billion barrels of oil equivalent over its four-plus decades online.
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New discovery pair drilled near Fram field.
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With the Omicron variant continuing to spread around the world, will a drop in oil prices follow? Maybe, but probably only in the short term.
