Asset Management
The deepest water depth project in Equinor’s portfolio, Raia aims to bring its gas onstream in 2028.
The Norwegian company has expanded its power-generating capacity in Brazil by acquiring a 230-MW onshore wind complex.
War-related damage to oil and gas facilities is expected to disrupt global supply chains for years, as backlogs for critical equipment continue to grow, Rystad Energy reports.
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At peak, 100,000 BOE/D is expected to flow to the Whale production semisumbersible, which largely replicates the Vito semi. -
Operators remain cautiously optimistic in 2025, despite regulatory uncertainties.
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The Libyan National Oil Company plans to tender 22 onshore/offshore exploration blocks in 2025 as it works to rebuild credibility with foreign oil producers.
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The acquisition, expected to close in early 2025, will bring Optime Subsea’s umbilical-less technology into Halliburton’s Testing and Subsea division.
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Operator TotalEnergies and rig owner Vantage Drilling form joint venture to purchase the Tungsten Explorer.
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As Southeast Asia’s third-largest gas producer, PTTEP is investing in its energy security by prioritizing gas production and building up a global LNG supply chain.
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SponsoredWhile WACC is frequently used as the base discount rate for corporate-level decision-making, using it as a universal discount rate for projects can result in inaccurate project valuations. Incorporating the opportunity cost of capital provides a more nuanced and accurate approach to project evaluation.
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The first two wells at Brava Energia’s Atlanta field are producing, with four more to be connected this year.
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Updates about global exploration and production activities and developments.
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The world’s reliable engine of crude demand growth is stalling out, and its impact on the upstream market is already being felt.
