Management
Engineering, procurement, construction, and installation awards made at the end of 2025 are expanding Saipem’s role in Turkey’s two largest offshore gas fields, plus Saudi Arabia’s Berri, Abu Safah, and Marjan oil fields and Qatar’s North Field gas giant in the Persian Gulf.
Following a US military operation to arrest Venezuela’s president, analysts say there is no easy fix for the country’s beleaguered upstream sector.
The platform brings the field’s installed production capacity to 1.5 million BOPD.
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Operators remain cautiously optimistic in 2025, despite regulatory uncertainties. -
The Libyan National Oil Company plans to tender 22 onshore/offshore exploration blocks in 2025 as it works to rebuild credibility with foreign oil producers.
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The acquisition, expected to close in early 2025, will bring Optime Subsea’s umbilical-less technology into Halliburton’s Testing and Subsea division.
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Operator TotalEnergies and rig owner Vantage Drilling form joint venture to purchase the Tungsten Explorer.
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As Southeast Asia’s third-largest gas producer, PTTEP is investing in its energy security by prioritizing gas production and building up a global LNG supply chain.
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SponsoredWhile WACC is frequently used as the base discount rate for corporate-level decision-making, using it as a universal discount rate for projects can result in inaccurate project valuations. Incorporating the opportunity cost of capital provides a more nuanced and accurate approach to project evaluation.
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The first two wells at Brava Energia’s Atlanta field are producing, with four more to be connected this year.
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Updates about global exploration and production activities and developments.
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The world’s reliable engine of crude demand growth is stalling out, and its impact on the upstream market is already being felt.
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In this study, artificial-intelligence techniques are used to estimate and predict well status in offshore areas using a combination of surface and subsurface parameters.
