Management
The deal positions the merged company to benefit from an expected offshore drilling upcycle.
Suspended by force majeure since the spring of 2021, work on the Mozambique LNG project has restarted with over 4,000 workers now engaged onshore and offshore to meet a 2029 deadline for first LNG.
Shell CEO Wael Sawan said Nigeria’s improving investment climate is boosting its appeal for long-term oil and gas investment.
-
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.
