Asset Management
The US Department of Energy and Pennsylvania Department of Environmental Protection will convert a horizontal Utica Shale gas well into an enhanced geothermal system. Building directly on horizontal drilling and completion practices developed in the Utica, the project will include evaluation of optimal well orientation, lateral placement, and spacing.
The Offshore Technology Conference will honor the winners of the 2026 Spotlight on New Technology Award on Monday, 4 May, at NRG Center in Houston. Seventeen groundbreaking innovations, from AI-powered geotechnics and autonomous well construction to next-generation subsea systems and drilling intelligence, demonstrate how bold ideas are translating into real-world gai…
Under the agreement, Trafigura will pay Gabon $1 billion for future crude export deliveries over 7 years.
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Lower oil prices, increased operator focus on capital discipline, and diminishing access to capital are choking off once-soaring US oil production growth. -
Just three firms submitted bids in an auction many are deeming as a disappointment for Brazil.
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The US major has had a stake in the field since it started production in 1997. It produced 584,000 B/D of oil last year.
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In this video from Bloomberg, Eldar Saetre, chief executive officer and president of Equinor, talks about the company's increased push into the offshore wind power market.
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The world’s most profitable company will be listed on a domestic exchange next month. The final valuation of the company is yet to be determined.
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NextDecade and Mubadala Investment Co. have reached agreement for Mubadala to purchase $50 million of NextDecade’s common stock in a private placement. The capital buoys the development of the Rio Grande LNG export solution linking Permian Basin associated gas to the global LNG market.
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Technip Energies will work on a backlog comprising more than 50% in LNG-related business. Retaining the TechnipFMC name, RemainCo will generate nearly 90% of its revenue outside the US and Canada.
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Service firms are diversifying their portfolios, in part driven by large-scale budget cuts among operators since the industrywide downturn.
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The FPSO, MODEC's largest size of "gas FPSO" to date, will be the first application of the contractor’s M350 Hull, a next-generation newbuilt hull for FPSOs.
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GAO believes BOEM often undervalues its tracts offered to operators in offshore lease sales.
