Management
A final investment decision is also expected by year end for the company’s first low-carbon data center project.
Among the awards are contracts for four currently idle deepwater rigs.
The $26-million project will serve as a collaborative hub for research, engineering, and testing.
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Argentina’s YPF forecasts the $3 billion oil pipeline and export terminal will carry 180,000 B/D when it goes onstream in 2026. -
Operator targeting 2029 for first production from the pre-salt gas-condensate discovery off Brazil.
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The new joint venture aims to apply US expertise to unlock Turkey's domestic unconventional resources, helping it to achieve its goal of energy independence and to become a regional hub and major exporter of LNG.
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The supermajor believes oil and gas will continue to play a major role in the global energy mix over the next 25 years.
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The Halten East project in the Norwegian Sea involves fields that if developed independently would be considered too marginal to be economically attractive.
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A roundtable discussion during CERAWeek pointed to the necessity of a mindset shift for the oil and gas industry to tap into AI’s true potential.
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The production unit for the Balder field in the North Sea is expected to go on-stream in the second quarter of 2025 following the staged tow-out of the FPSO.
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Industry leaders say they believe oil and gas will continue to play a pivotal role in the energy mix in the lengthening energy transition timeline.
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Experts speaking at CERAWeek 2025 lauded industry's shift from focusing on the energy transition to prioritizing oil production.
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Discovery yields the largest hydrocarbon column to date in the Dussafu Marin license offshore Gabon.
