Asset Management
The collaboration aims to provide a dedicated land rig for geothermal wells in the US.
Expected to be commissioned in 2027, the new pipeline will double the UAE's current capacity of 1.8 million B/D of crude that can be transported beyond the contested waterway.
Analysis from Wood Mackenzie warns that a prolonged closure of the critical waterway would have lasting effects on the global economy and Middle East supply capacity.
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The deal includes Waygate’s inspection portfolios and is expected to close later this year. -
An asset swap with PDVSA helps consolidate the supermajor’s heavy-oil operations in the country.
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Co-owner Chevron confirmed the find at the Bandit prospect offshore Louisiana and suggested it may become a subsea tieback to existing faciltiies operated by Occidental Petroleum.
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The multiyear contract with YPF includes electric pumping units and automated stimulation services.
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The Orange Basin and Gulf of Guinea will see most of the high-impact drilling activity planned this year in Africa.
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Agreements create long-term frameworks to advance offshore Suriname developments, aiming to streamline project delivery, reduce costs, and accelerate field development through early integration across the project life cycle.
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ExxonMobil will retain its equity stakes in ongoing Bass Strait projects even as it hands off its operatorship responsibilities to Woodside Energy.
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While Uzbekistan has seen a significant drop in flaring, methane leaks from deteriorating infrastructure continue to reveal themselves to satellites in space.
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Technology and partnerships remain important, while phased approaches may supplant lengthy appraisal programs, experts said during CERAWeek.
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Analysts weigh near‑term risks for Middle East oil and gas producers after a tentative 2‑week ceasefire between the US‑Israeli coalition and Iran.
