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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Twenty-six companies participated in what was the last GOM lease sale scheduled until 2025. -
Production from the Sparta field is expected to start in 2028.
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A pilot project will explore onboard carbon capture for container ships, and two heavy-hitters are teaming up to find decarbonization paths in the Asia Pacific region. Elsewhere, wind and solar are on track to pass coal in the race to generate electricity.
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The deal will quadruple Tokyo Gas' natural gas production volumes from the Haynesville Shale.
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The Norwegian Sea discovery is the largest, undeveloped natural gas find on Norway’s Continental Shelf.
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The operator also has increased its stake in the Kaikias field in the Mars basin.
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Houston-based Occidental said that one reason it is buying private producer CrownRock is to gain more access to the deep, relatively untapped Barnett formation.
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The deal is subject to Mexico Pacific taking a final investment decision on the proposed third train at the Saguaro Energia LNG Project on Mexico’s Pacific Coast.
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The facility is destined for Equinor's Brazilian pre-salt development.
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The combined firm aims to create a stronger and more diversified geophysical company and energy data provider.
