Asset Management
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.
A new licensing deal with ZL Chemicals will make Chevron’s unconventional EOR technology available to other tight-oil producers.
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When the name change was announced on 24 October, the accompanying release said the SLB name was designed to underscore “the company’s vision for a decarbonized energy future and affirming its transformation from the world’s largest oilfield services company to a global technology company focused on driving energy innovation for a balanced planet.” -
A minority stake of the new company to go public later this year.
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Proposed energy projects needing US federal permits will come under increased scrutiny related to the scope and magnitude of potential emissions.
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Malaysia plans to launch its 2023 bid round in Q1, hoping to exceed last year’s completion of 18 exploration wells that boasted a 60% success rate in new offshore hydrocarbon discoveries.
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One of the problems with geothermal is that the rock that is hot enough to create the steam needed to run a power plant is also capable of destroying drilling hardware.
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Oil and gas companies play important roles in the global push for energy security and carbon reduction. Here’s how they can excel at both.
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The well is the operator’s third discovery over the past 6 months in the region.
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The complete paper describes a combination of best practices and innovative techniques that help to provide rig-based and rigless opportunities by estimating potential and risk in a naturally fractured reservoir.
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Northern Nigerian prospect could hold a billion barrels of resource.
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Appraisal drilling at Block 58’s Sapakara South find is underway.
