Management
The contracts build on Cairo’s decades-long strategic energy alliance with Moscow, which will soon include nuclear energy.
Operator targets first oil 30 months after field sanction of $1.5 billion heavy-oil project that will use a refurbished wellhead platform and FPSO.
Leaders at OTC 2025 warned that tariffs and supply chain strains threaten offshore project economics despite record global output.
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The project’s revised development plan now incorporates a carbon capture facility. -
Angola leaves OPEC after 16 years to leverage its oil resources for economic growth.
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Woodside Energy's Trion field offshore Mexico features a four-column semisubmersible FPU with a production capacity of 100,000 BOPD.
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Houston-based independents will combine to form a company with a production total above 500,000 BOE/D and valued at $21 billion.
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The producer’s Lime Rock and Venice discoveries were brought on stream in late December.
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The facility is destined for Shell’s deepwater Gulf of Mexico development.
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Located in the National Petroleum Reserve in Alaska, the Willow project is estimated to produce 180,000 BOPD at its peak.
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Energy storage is essential to a clean electricity grid, but aggressive decarbonization goals require development of long-duration energy storage technologies.
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Companies that can adapt, innovate, and stay ahead of the curve not only survive, but thrive. To achieve this, a fresh approach to innovation is required: one that harnesses the collective wisdom of customer advisory boards and prioritizes a strategy based on customer value.
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Updates about global exploration and production activities and developments.
