Asset Management
The Loran Phase 2 license award builds on BP’s growing presence in Venezuela as it seeks to develop offshore projects, particularly shared fields near Venezuela’s maritime border with Trinidad and Tobago.
ExxonMobil and its Area 4 partners have awarded $1.1 billion in pre-investment contracts for long-lead upstream equipment supporting Mozambique's Rovuma LNG project. The awards, led by OneSubsea, mark a key step toward FID as development advances on ExxonMobil's largest global investment.
Gran Tierra will refocus its investment strategy to strengthen its portfolio in Canada and Azerbaijan while Maurel & Prom, majority owned by Pertamina’s international upstream arm, grows its South American footprint in Colombia and Ecuador.
-
Deepwater Yellowtail project, onstream 4 months ahead of schedule, is expected to produce an average of 250,000 BOPD. -
The collection of undeveloped blocks includes 59 located in Nigeria's deep water.
-
Azule’s new FPSO is the first in the world to feature a pilot carbon capture and storage unit that sequesters CO₂ from onboard gas-turbine exhaust.
-
The deal follows Blackstone’s recent moves in gas-fired power and a pipeline venture with top US gas producer.
-
Shale’s slowdown leaves room for OPEC+ gains as tensions rise between the US and India over Russian oil imports.
-
This month’s column recaps the top five objectives for the 2025 SPE President and introduces a new discussion on the future of the SPE name.
-
The number of high-impact wells drilled across the globe this year are expected to be on trend with the most recent 5-year average.
-
BP called the Bumerangue discovery in the Santos Basin the company’s largest find in 25 years, and announced it had begun production from its tieback project at Argos ahead of schedule.
-
Updates about global exploration and production activities and developments.
-
This paper reviews best practices and learnings from floating-production-unit transportation and installation, hookup, and commissioning and discusses subsea flowlines, export pipelines, and subsea-equipment installations.
