Asset Management
The London-based supermajor is stepping back from startup investing as it seeks to focus capital on its oil and gas business.
After a record year for LNG project approvals in 2025, multiyear repairs to war-damaged liquefaction facilities in Qatar and the UAE threaten to slow the growth of global LNG capacity.
The declaration builds on a memorandum of understanding the partners signed with Egypt in May to process Block 10 gas at the country’s LNG export and domestic gas facilities.
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The supermajor said that it hopes to complete a megaproject in Kazakhstan before rerouting future spending to the Permian Basin and other developments. -
Zion expects to spud the Megiddo-Jezreel #2 well at its current well location near Bet She'an by the middle of this month. The new license may be extended for a total of 12 months.
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The move will give the new entity shareholding in PDO and remove PDO’s oil and gas expenditures from Oman’s state budget.
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Under the group’s historic April agreement, the easing of voluntary cuts would have been 2 million B/D, which would have been too much for markets to absorb.
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A quarter of the oil and gas workforce now comes from Generation Z, which has raised important questions about whether companies and universities are doing enough to attract and retain this tech-savvy cohort.
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Emerson has launched cloud-native software designed to find opportunities for field development through data mining and automation. The software, called SpeedWise Reservoir Opportunity, was developed in collaboration with Quantum Reservoir Impact.
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An interview with Reem Al Ghanim, head of human resources and support services–chemical division at Saudi Aramco.
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Africa Oil announced Impact Oil & Gas entered into two agreements for exploration areas offshore South Africa. The company has a 31.10% shareholding in Impact, a privately owned exploration company.
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Sinopec recorded China’s highest daily output of shale gas at 20.62 million cubic meters (Mcm) at its Fuling shale-gas field in Chongqing, China, a key gas source for the Sichuan-East gas pipeline.
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BP started gas production from its Qattameya gasfield development offshore Egypt in the North Damietta offshore concession.
