Management
The $1.3-billion deal targets DJ Basin assets producing 35,000 BOEPD, and Japex aims to increase that output to 50,000 BOEPD around 2030.
The Nigerian Upstream Petroleum Regulatory Commission has set its sights on anti-corruption efforts for the 2025 Licensing Round, which began on 1 December.
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.
-
After being a non-factor in the energy industry for years, the country is now one of the fastest growing regions. -
Partners will go back to the drawing board to design a new well to reach the prospect’s primary objectives.
-
First oil from Beacon Offshore’s Shenandoah is on track for the second quarter of 2025. Project partners also have sanctioned a second phase of development and are advancing plans for a related project.
-
Arcius’ remit covers the Shorouk concession, home to the Zohr gas field whose production decline has been fueled by a lack of investment.
-
New IEA Report: Next-Generation Geothermal Can Go Global, But Oil and Gas Industry Must Show the WayThe upstream sector could help unlock geothermal energy’s potential but up to $1 trillion in project spending would be necessary over the next decade, the report says.
-
Deepwater subsea tieback expected online by the end of the decade, targeting more than 300 million BOE.
-
The institute is tasked with accelerating the deployment and scaling of cost-effective climate technology.
-
The acquisition will add water infrastructure in both the Midland Basin of west Texas and the Williston in North Dakota.
-
Supermajor reached a final investment decision on a two-well subsea development to be hosted by the Perdido spar platform in the deepwater Gulf of Mexico.
-
A dozen new platform supply vessels will be supplied by Bram Offshore and Starnav Serviços Marítimos.
