Management
The decision keeps the effective tax rate on upstream projects at 78%, prompting new warnings that investments will continue to dwindle in the UK Continental Shelf.
Adura will become the UK North Sea’s largest independent producer by combining 12 key oil and gas assets, employing around 1,200 staff. It aims to produce more than 140,000 BOED in 2026.
As the industry advances through a pivotal stage of the energy transition, emphasis remains on topics such as carbon capture and storage (CCS), decarbonized operations, digital transformation, and asset integrity—areas driving innovation, operational excellence, and sustainable value within SPE’s evolving technical landscape.
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The Persian Gulf nation is hoping that offshore exploration will help boost its production capacity to 4 million B/D by next decade. -
BP’s 2024 Energy Outlook warns delayed decarbonization efforts will result in costly and disorderly energy transition.
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The field is expected to begin production in 2027 using a normally unattended platform and eight development wells.
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VR provides an immersive and cost-effective approach to essential oilfield training.
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SponsoredTAQA bears the burden of reducing carbon emissions from the fossil fuel energy cycle and pays its undivided attention to decarbonizing its operations. In this article, it sheds light on its initiatives and approach to decarbonizing the oil and gas exploration and production industry.
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Government grants and tax incentives will drive carbon capture, storage, and/or utilization projects in the next decade as the industry seeks profitable business model.
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Automated workflow unifies geological, completion, and production data to inform speedier, better investment decisions for nonoperated assets.
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Houston-based enhanced geothermal systems pioneer uses fracturing and other oil and gas technologies to stabilize power grids with zero-carbon renewable energy that doesn’t depend on the weather.
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First three wells of deepwater Gulf of Mexico project expected to jointly produce 22,000 BOE/D to the nearby host facility.
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The 2-day event hosted in Turin, Italy, provided a common platform across various disciplines, spotlighting the notable scientific and technical advancements in the energy transition.
