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.
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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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Output from the field is expected to return to pre-shut down levels this summer. -
Well is estimated to have encountered as much as 35 million BOE.
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Two firms are using hydraulic fracturing to create high-pressure water reservoirs that can be turned on and off to meet electricity demand.
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Program will focus on finding more resources around Goliat and Johan Castberg through 2026.
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The current program comprises six planned wells.
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Rig will continue to work offshore India.
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Gas reserves will prove an important feedstock for Atlantic LNG facilities.
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Pair joins other E&Ps who have halted work in the area after disappointing results.
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While many expect oil and natural gas to retain their roles in the energy mix of 2050, the more significant question should not only be on how much oil and gas will be needed but from where the world will find it.
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In this podcast episode and transcript, Terry Palisch shares his thoughts about how SPE and its members fit into the energy transition and what it means for our energy future.
