Asset Management
Transaction adds 90,000 net acres and 68,000 BOE/D of production as Crescent expands its South Texas footprint.
Shell has reached FID on LNG Canada Phase 2, a major expansion that will double the Kitimat facility’s LNG export capacity to 28 mtpa and strengthen long-term supply to growing Asian markets.
SPE Journal is seeking submissions for a special issue on sustainable enhanced oil recovery (EOR), highlighting innovations that boost oil recovery while reducing CO2 emissions and environmental impact. The Call for Papers opens on 15 October 2026.
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Work has resumed on Energan’s Singapore FPSO; subsea installation for the Karish project continues as planned. -
Weatherford announced that Mark A. McCollum, president, CEO, and a director, has left the company, effectively immediately.
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The leadership change comes amid a downturn in global crude prices which has lowered the national oil company’s revenues this year. Taking over the position will be the current chief financial officer.
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Although oil prices were down on 8 June, the market is expected to see higher prices in response to the OPEC+ decision to continue production cuts.
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McDermott’s completion comes 19 months after it was first awarded. SapuraOMV achieved first production from the Larak gas field in January.
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Forecasts are lowered for levels of E&P, budgets, and project sanctioning.
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The Permian Basin is now influencing the upstream water market on the way down, while many questions swirl around the implications of unprecedented shut-ins.
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The economic impact report looked at scenarios involving current policies and potential bans on both drilling permits and offshore leases.
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