Asset Management
The deal includes Waygate’s inspection portfolios and is expected to close later this year.
An asset swap with PDVSA helps consolidate the supermajor’s heavy-oil operations in the country.
Co-owner Chevron confirmed the find at the Bandit prospect offshore Louisiana and suggested it may become a subsea tieback to existing faciltiies operated by Occidental Petroleum.
-
SOCAR’s expansion of its exploration footprint in Israeli waters could position Azerbaijan as a future player in EastMed gas. -
Young Professionals Leading the Energy Transition: Insights From SPE’s Beyond the Borders InitiativeIn March, 27 young professionals representing 15 SPE sections and 12 countries convened in Paris for the first edition of SPE Beyond the Borders 2025. The event served as a unique platform for cross-cultural dialogue and forward-looking discussions about the role of YPs in the energy transition.
-
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.
-
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.
-
The second-largest gas producer in the US is aiming to pump an average of 6.3 Bcfe/D this year.
-
The 2025 Global Energy Talent Index survey found most energy professionals got a pay bump last year, but hiring managers face new challenges.
-
Hammerhead, the seventh planned project offshore Guyana, is expected to reach FID later this year and go on-stream in 2029.
-
The new plan will replace the current roadmap that contains just three planned Gulf of Mexico lease sales.
-
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.
