Management
Preliminary estimates indicated recoverables of between 30 million and 110 million BOE at the discoveries, which Equinor called its largest of the year.
The decision keeps the effective tax rate on upstream projects at 78%, prompting new warnings that investments will continue to dwindle in the UK Continental Shelf.
Adura will become the UK North Sea’s largest independent producer by combining 12 key oil and gas assets, employing around 1,200 staff. It aims to produce more than 140,000 BOED in 2026.
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Updates about global exploration and production activities and developments. -
Global offshore decommissioning projects hear the starting gun in Australia and the North Sea, but will the race be a marathon or a sprint?
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Greenhouse gases are woven into every stage of a well’s life, which presents challenges that demand creative solutions that do not require too much capital.
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From optimizing drilling performance to enhancing worker safety, computer vision can change how the industry works.
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The energy world is rapidly changing. The pressure to address climate change, ensure reliable energy supplies, and manage costs is greater than ever.
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Diversified Energy announces its largest deal yet to buy private equity-owned Maverick Natural Resources.
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International majors showing new interest in Iraq as China scoops blocks in Baghdad’s most recent bid rounds.
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Located 230 km south of Abu Dhabi, the onshore Shah field produces around 70,000 B/D of crude.
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Wood Mackenzie reports that prices would need to rise, capital discipline would need to evolve, and spending would need to increase by 30% for the upstream sector to meet demand in a delayed energy transition scenario.
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By boosting gas supplies to Egypt’s home market, Cairo can return its focus to developing an LNG export hub.
