Asset Management
The Society’s archive of technical papers, maps, figures, and geological data sets will be integrated into the GIX platform, enabling geoscientists to query AI agents about exploration opportunities within specific geographic regions while combining historical research with public data, proprietary information, and advanced analytics.
Despite significant progress in capturing associated gas for domestic use, Iraq remains the world’s third-largest gas-flaring country as it aims for higher oil and gas production targets.
With $9.6 billion in assets in the market, the focus is shifting from who is exiting Southeast Asia to who is positioning for entry through acquisition, according to Rystad Energy.
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With the acquisition of Magnolia LNG, along with its Texas LNG Brownsville project, Glenfarne Group expands its export capacity to 12 mpta. -
Sleipner’s share in net-zero emissions savings will be more than 150,000 tonnes per year.
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The FPSO vessel will reduce capital expenditure and breakeven costs and increase commercially feasibility, leading to FID.
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Work has resumed on Energan’s Singapore FPSO; subsea installation for the Karish project continues as planned.
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Weatherford announced that Mark A. McCollum, president, CEO, and a director, has left the company, effectively immediately.
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The leadership change comes amid a downturn in global crude prices which has lowered the national oil company’s revenues this year. Taking over the position will be the current chief financial officer.
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Although oil prices were down on 8 June, the market is expected to see higher prices in response to the OPEC+ decision to continue production cuts.
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McDermott’s completion comes 19 months after it was first awarded. SapuraOMV achieved first production from the Larak gas field in January.
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Forecasts are lowered for levels of E&P, budgets, and project sanctioning.
