Asset Management
Talos Energy founder Tim Duncan has been named executive chairman of newly formed 1947 Oil&Gas, which will focus on acquiring and developing mature, shallow-water assets through its buyout of Renaissance Offshore. The deal is expected to close in Q2 2026.
Operators aren’t rushing to drill, even as the closure of the Strait of Hormuz drives oil prices up.
In partnership with OTC 2026, Rystad Energy has shared its latest outlook for the offshore sector and the role it is expected to play in supplying low-cost barrels through 2050.
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M2 Subsea, a provider of ROV services, formed an alliance with vessel operator Harvey Gulf Marine International to provide subsea ROV services in the Gulf of Mexico. -
At an initial production rate of almost 13 MMcf/D, BP’s new well has achieved the highest early-production level in 14 years for a well in the San Juan Basin of Colorado and New Mexico.
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Baker Hughes, a GE company, agreed to provide services and equipment for Twinza’s Pasca A field development, Papua New Guinea’s first offshore gas field.
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Shift work can interrupt circadian rhythms. A new study shows that exposure to certain types of light can improve alertness in shift workers.
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The new US sanctions against Russia will place added restrictions on international companies taking part in oil development projects with Russian companies and raise doubts about Russia’s plans to expand pipeline exports.
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Service company executives examine how the oil price downturn affected supply and demand for their services in the unconventional sector, and strategies they have undertaken to stay afloat as operators adjust to uncertainty.
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ADNOC’s authority on technology maturity describes the case studies used to test the company’s new technology qualification process.
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In thermal enhanced oil recovery there is one big ingredient: steam. A new startup from Germany believes it has found the oil industry’s cheapest way to make it.
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A Canadian research organization believes the country’s oilfield technology could help another energy sector drive down its costs and it may work out for heavy oil producers too.
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Many new developments in African exploration and production hold tremendous potential to bring more energy and prosperity to the continent—and shine a light of affordable, abundant energy.
