Asset Management
Acting director of the new center Ale Hakala outlines the research priorities guiding the newly established center’s focus on production enhancement technologies.
AI‑driven data center growth is straining US power grids and accelerating interest in enhanced geothermal systems as a scalable, low‑carbon solution.
The acquisition establishes a unified North American upstream analytical data set with the goal of streamlining capital allocation decisions.
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First oil from Beacon Offshore’s Shenandoah is on track for the second quarter of 2025. Project partners also have sanctioned a second phase of development and are advancing plans for a related project. -
Arcius’ remit covers the Shorouk concession, home to the Zohr gas field whose production decline has been fueled by a lack of investment.
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New IEA Report: Next-Generation Geothermal Can Go Global, But Oil and Gas Industry Must Show the WayThe upstream sector could help unlock geothermal energy’s potential but up to $1 trillion in project spending would be necessary over the next decade, the report says.
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Deepwater subsea tieback expected online by the end of the decade, targeting more than 300 million BOE.
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The institute is tasked with accelerating the deployment and scaling of cost-effective climate technology.
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The acquisition will add water infrastructure in both the Midland Basin of west Texas and the Williston in North Dakota.
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Supermajor reached a final investment decision on a two-well subsea development to be hosted by the Perdido spar platform in the deepwater Gulf of Mexico.
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A dozen new platform supply vessels will be supplied by Bram Offshore and Starnav Serviços Marítimos.
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The environmental impact statement is a required step before another lease sale can be held in the Gulf of Mexico, a move welcomed by the oil and gas industry.
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A new UK-based operating company is set to launch next year with a production profile of nearly 140,000 BOE/D.
