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Located along the North Sea, the Humber is expected to play a central role in the UK’s effort to achieve a net-zero emissions status by 2050.
The deal adds over 1,000 potential drilling locations and almost doubles oil production for Houston-based Magnolia.
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Rystad Energy reports that developers are increasingly turning to floating LNG to reduce costs and accelerate project timelines in response to growing gas demand. -
The first of four planned Phase 1 wells is flowing from the region’s second 20k-psi deepwater project.
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Traditionally, the drilling industry has relied on high-fidelity thermal simulators to predict downhole temperature for different operational scenarios. Though accurate, these models are too slow for real-time applications. To overcome this limitation, a deep-learning solution is proposed that enables fast, accurate prediction of downhole temperatures under a wide ran…
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The latest merger and acquisition report from Enverus Intelligence Research shows deal value fell 21% quarter over quarter.
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The Begonia and CLOV Phase 3 subsea tiebacks are each sending production to nearby FPSOs.
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The China National Offshore Oil Corporation said it plans to use water injection, steam huff ’n’ puff, and steamflooding to produce the heavy oil field, with peak production expected in 2026.
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The company said it is considering connecting the Vidsyn commercial discovery to the nearby Fenja subsea facility.
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Chevron now holds a 30% stake in a prolific offshore Guyana development, where oil production is expected to ramp up over the next few years.
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The new vessel, P-78, will be deployed on the Buzios field in the Santos Basin offshore Brazil.
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The update increases the guidance’s focus on creating a just energy transition.
