Management
The $100-billion project is widely considered the largest unconventional development outside of the US and is noted by Aramco as the largest nonassociated gas development in the Kingdom.
Preliminary estimates indicated recoverables of between 30 million and 110 million BOE at the discoveries, which Equinor called its largest of the year.
The decision keeps the effective tax rate on upstream projects at 78%, prompting new warnings that investments will continue to dwindle in the UK Continental Shelf.
-
As we turn the page on our 75th anniversary, JPT’s recent visit to the UAE offers a front-row seat of what some of the industry’s biggest players see coming. -
When it comes to staying on top of the latest upstream innovations, the easiest way to do it is already in front of you.
-
The plan calls for developing a gas field, CCUS, and onshore compression, with first production expected in 2028.
-
The USGS has said up to 19 million tons of lithium resource is contained in the briny waters of the Smackover formation in Arkansas.
-
Wood Mackenzie analysis projects a full repeal of the Inflation Reduction Act is unlikely, while industry proponents urge permitting overhaul and loosening of burdensome regulations.
-
A new type of porous material called a covalent organic framework quickly sucks up carbon dioxide from ambient air.
-
Operator acquiring oil-weighted New Mexico assets of both Franklin Mountain Energy and Avant Natural Resources.
-
The Denver-based independent is boosting its position in the Canadian shale play by 109,000 net acres, and about 70,000 BOE/D.
-
Contract awards for EPC on shore-based liquification facilities and FEED for upstream offshore infrastructure in Mozambique’s ExxonMobil–Eni project bodes well for an East African LNG hub.
-
With emissions mineralization established as a proven approach, the companies’ next objective is to move the underlying technology toward commercial success.
