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.
-
NextDecade pushes the final investment decision on project to the first quarter of 2023. -
Aker BP submitted the NOAKA development plan along with 10 other investments on the Norwegian shelf that collectively represent one of the largest private industrial developments in Europe.
-
The two companies said they will work together to try to find the best places to develop geothermal energy and advance the necessary technologies to commercial scale.
-
Chevron and Occidental plan to launch separate projects to help secure the commercial future of geothermal development in the US.
-
Leveraging its existing natural gas interests, plus renewables potential in Egypt and Mauritania, BP is now factoring in Africa to realize its global ambitions as a hydrogen producer.
-
Operator also moves forward with electrification of the Njord field.
-
Barriers remain, but oil companies across the world are now in a position to reap big profits by capturing methane instead of flaring and venting it.
-
Boosting gas production from Israel’s Tamar offshore gas field, combined with gas from the neighboring Leviathan field, will further the ambitions of both Israel and Egypt in the Eastern Mediterranean.
-
A breakthrough fusion demonstration at Lawrence Livermore National Laboratory produced more energy than it used—a historic first.
-
Transocean rigs will start new contracts in Brazil in the second half of 2023.
