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.
This study presents a novel hybrid approach to enhance fraud detection in scanned financial documents.
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After another year of significant consolidation in the US shale sector, Enverus has released its annual list of the nation's largest private exploration companies. -
Startup work at Shell’s North Sea redevelopment project is on track to commence later this year.
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The initial well is being reviewed along with other discoveries in the area for possible joint development.
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Gas production from the field will be supplied to both the local market and the Nigeria LNG plant.
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Supermajor expands its global LNG footprint in a deal that will grow its presence in Asia and Europe.
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The EPCI contract will see a new water-injection pipeline added to the complex.
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The shallow-water find will be developed using two new platforms, export pipeline with a first-oil target in late 2025.
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Woodside Energy’s deepwater Sangomar field offshore Senegal has reached first oil, and company CEO Meg O’Neill called the reservoir quality “very, very close” to pre-drill predictions.
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The contractor will have 3 years to conduct front-end engineering and design for the initial phase of the project.
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The Dallas-based tight oil producer will gain 33,500 acres and approximately 25,500 BOE/D from the latest deal to reshape the US shale sector.
