Asset Management
Equinor, Aker BP, and Vår Energi will combine resources and expertise to pursue some of the largest remaining exploration opportunities on the Norwegian Continental Shelf.
Applications are now open for the OTC Spotlight on New Technology Awards, the offshore energy sector's leading innovation honors. Recognizing technologies that advance operational efficiency, sustainability, and performance, the awards spotlight game-changing solutions from OTC exhibitors. Submit your entry and supporting documents by 28 January 2027.
The Loran Phase 2 license award builds on BP’s growing presence in Venezuela as it seeks to develop offshore projects, particularly shared fields near Venezuela’s maritime border with Trinidad and Tobago.
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While projects offshore Cyprus and Israel advance, Lebanon’s latest licensing round follows news that Eni, TotalEnergies, and QatarEnergy drilled a dry hole on Block 9 near the country’s maritime border with Israel. -
The $1.24 billion project is expected to tap up to 90 million BOE.
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With a successful pilot under its belt, Thailand's national oil company is planning a bigger production unit.
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The Research Council of Norway’s $118,000 grant will support development of longer fishbone laterals to raise production while lowering carbon footprints.
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With its North Field development project in full swing to the south and east, Qatar is now turning west to supercharge its plan to raise LNG production by almost 85% before 2030.
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With negotiations dead on arrival with Russian independent major Lukoil, Iraq is asking Gazprom to take over development of the Nasiriyah oil field south of Baghdad.
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The Scarborough energy project is targeting first LNG cargo in 2026.
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Deepwater US Gulf field is now pumping hydrocarbons back to the Appomattox platform.
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The largest project to date will add a capacity of 250,000 B/D starting in 2025.
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The Australian oil and gas company said the new commitments underscore its goal to achieve net zero Scope 1 and 2 emissions by 2040.
