Management
The times are changing and so are our industry’s prospects, as hydrocarbons are now recognized as cardinal to affordable energy security for the conceivable future. But, in avoidance of suspense, the answer to the headline question is “absolutely.” Here we look at the rationale why.
Aramco’s latest MOUs focus on driving innovation and growth across oil, gas, and downstream sectors.
Strathcona doubles down on heavy oil—sells Montney assets for nearly CAD 3 billion, grabs Canada’s top crude-by-rail hub, and sets sights on MEG Energy in bold growth move.
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Using emergency procedures, the permitting timeline is expected to be significantly reduced, from years to weeks in some cases. -
The latest deepwater exploration well offshore Namibia has found 38 m of net pay and flowed more than 11,000 BOPD of 37 °API oil during testing.
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The UK North Sea Transition Authority has awarded the required permits for the East Irish Sea project, and the project has reached financial close. The carbon capture and storage project is expected to receive its first carbon dioxide in 2028.
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The second-largest gas producer in the US is aiming to pump an average of 6.3 Bcfe/D this year.
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The 2025 Global Energy Talent Index survey found most energy professionals got a pay bump last year, but hiring managers face new challenges.
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Hammerhead, the seventh planned project offshore Guyana, is expected to reach FID later this year and go on-stream in 2029.
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The new plan will replace the current roadmap that contains just three planned Gulf of Mexico lease sales.
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Wood Mackenzie’s study identifies shale innovation, exploration, and fiscal terms as crucial for the US to maintain top oil and gas production status beyond 2030.
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ExxonMobil and Guyana expect to approach 1 million B/D of oil as the ONE Guyana vessel reaches the Stabroek block.
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The French major will supply the Caribbean country with LNG supplies while agreeing to take supplies from future Texas project.
