Management
The latest corporate plan drops the amount the company says it will invest in low-carbon efforts by $10 billion from last year’s plan.
KTH researchers unveil a nickel–iron catalyst that speeds up water splitting, boosting efficient, sustainable hydrogen production.
Vår Energi ASA and partners have officially sanctioned the Previously Produced Fields Project in the Greater Ekofisk Area. The redevelopment is expected to add high-value barrels starting in 2028, extending the production life of one of Norway’s key offshore regions.
-
Discovered in 2010, the Búzios field offshore Brazil achieved a new milestone with the installation of its sixth production facility. -
In a deal described as possibly "one of the most important transactions BP has done in 20 years" by CEO Murray Auchincloss, the company has agreed contractual terms with the Iraqi government to invest in drilling and infrastructure to rehabilitate and boost production at the Kirkuk oil field.
-
Key drivers of the rapid growth projection include Asia’s economic outlook and the rise of artificial intelligence.
-
The engineering and construction firms take the first steps toward combining companies.
-
The companies have announced they will work together to integrate geothermal well engineering and project delivery globally.
-
A recent report from Wood Mackenzie highlights the role of natural gas in supporting renewables and reducing emissions.
-
The Midland, Texas-based operator said the deal hands it the biggest remaining target in the Midland Basin side of the Permian Basin.
-
Fresh permit will allow the project to move forward towards FID this fall, first production expected in early 2029.
-
SponsoredElectrical submersible pumps (ESPs) are the backbone of artificial lift operations, enabling the extraction of hydrocarbons from challenging reservoirs. However, their effectiveness is often compromised by the extreme downhole environment, characterized by soaring temperatures, high pressures, and exposure to aggressive fluids.
-
The Tiber FPU is expected to follow the Kaskida hub currently being built in Singapore.
