Management
Amongst the awards are contracts for four currently idle deepwater rigs.
The $26-million project will serve as a collaborative hub for research, engineering, and testing.
The deal targets increased investment and production from one of the country’s largest onshore developments.
-
Arcius’ remit covers the Shorouk concession, home to the Zohr gas field whose production decline has been fueled by a lack of investment. -
New IEA Report: Next-Generation Geothermal Can Go Global, But Oil and Gas Industry Must Show the WayThe upstream sector could help unlock geothermal energy’s potential but up to $1 trillion in project spending would be necessary over the next decade, the report says.
-
Deepwater subsea tieback expected online by the end of the decade, targeting more than 300 million BOE.
-
The institute is tasked with accelerating the deployment and scaling of cost-effective climate technology.
-
The acquisition will add water infrastructure in both the Midland Basin of west Texas and the Williston in North Dakota.
-
Supermajor reached a final investment decision on a two-well subsea development to be hosted by the Perdido spar platform in the deepwater Gulf of Mexico.
-
A dozen new platform supply vessels will be supplied by Bram Offshore and Starnav Serviços Marítimos.
-
The environmental impact statement is a required step before another lease sale can be held in the Gulf of Mexico, a move welcomed by the oil and gas industry.
-
A new UK-based operating company is set to launch next year with a production profile of nearly 140,000 BOE/D.
-
If the find is commercially viable, the company and its partners say a subsea-to-shore development plan could produce first gas as early as 2027.
