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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The operator will utilize drillship Deepwater Invictus for both development and exploration drilling under a 3-year pact. -
Shell moves its focus to other areas of the UK North Sea while ExxonMobil is making its final exit.
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First oil is expected in 2029 from the development, which has a budget under $5 billion.
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High prices for untapped drilling locations in the Permian Basin have sparked some new trends in the tight oil dealmaking space.
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his paper presents research and application of a sustainable, low-density geopolymer alternative to Portland cement for cementing applications in low-temperature wells.
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Aramco’s investment pivot to gas aims to propel Saudi Arabia into the top tier of gas producers and LNG players globally by 2030.
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A new partnership aims to leverage technology developed for geothermal wells to create a new drilling system for complex offshore wells.
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Phase 2 of the fast-track project expected to quadruple output to 60,000 BOPD by year-end.
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Inpex’s investments in wind, solar, and battery storage through 2030 will also support decarbonization at the Ichthys natural gas and LNG project in northern Australia.
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The acquisition marks a significant step forward in H&P’s international expansion strategy.
