Asset Management
The deepwater infill project is Esso Nigeria's first drilling campaign in a decade and is expected to boost Usan's production by up to 40,000 B/D.
The London-based supermajor is stepping back from startup investing as it seeks to focus capital on its oil and gas business.
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.
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Pharos Energy, an independent E&P company, received approval from the Prime Minister of Vietnam for its Te Giac Trang (TGT) full-field development plan (FFDP), enabling the company to begin drilling six new producer wells in Q4 2021. -
Petrobras completed a drillstem test (DST) in the Júpiter Discovery Assessment Plan, located in the Santos Basin pre-salt carbonate reservoir.
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Equinor will drill three new wells at a cost of $219.3 million at the Martin Linge field in the Norwegian North Sea to ensure safe production after an analysis found four previous wells drilled there did not have necessary barriers.
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Santos is a step closer to the go-ahead for its Narrabri coal-seam gas project after gaining approval from a government planning commission. It is planning workover activities on existing wells and an appraisal drilling program.
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Shell's CEO said the Dutch supermajor has "too many layers" and that the move to downsize will help ensure its future. As a result, at least 9,000 people are expected to leave the oil and gas producer between now and 2022.
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Wood Mackenzie is bullish on the future of global LNG demand. Chief Analyst Simon Flowers outlines the risks ranging from spot prices, project economics, and environmental concerns.
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Brazil’s national oil company estimated a reduction of 22 to 38% in capital expenditures in E&P from its 2020–2024 strategic plan and expects to spend $6 billion through 2024 to decommission offshore platforms and wells and underwater gas pipelines.
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Equinor awarded multimillion-dollar contracts to Aker Solutions and Wood for work on the oil field in the Norwegian Continental Shelf. It said about 70% of the contracts for the development phase is expected to go to Norwegian companies.
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The two shale producers are calling it a “merger of equals” and will share management duties once the transaction closes. The combined company aims to become the fourth-largest producer of tight oil in the US.
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There is a lot of talk these days about transitions. There are technology transitions going on. There are demographic and cultural transitions in the workforce and in society at large. But the one I want to focus on in this column is the so-called “energy transition.”
