Asset Management
The collaboration aims to provide a dedicated land rig for geothermal wells in the US.
Expected to be commissioned in 2027, the new pipeline will double the UAE's current capacity of 1.8 million B/D of crude that can be transported beyond the contested waterway.
Analysis from Wood Mackenzie warns that a prolonged closure of the critical waterway would have lasting effects on the global economy and Middle East supply capacity.
-
Updates about global exploration and production activities and developments. -
The world’s reliable engine of crude demand growth is stalling out, and its impact on the upstream market is already being felt.
-
Train 1 of the Corpus Christi LNG Stage 3 project is expected to reach substantial completion during the first quarter of 2025.
-
The Scarborough Energy Project is on track to start delivering liquefied natural gas in 2026.
-
Australia’s Ichthys LNG facility will provide feedstock, along with production from legacy Japanese gas fields that will also serve as repositories for CO2 storage.
-
The formal design and construction contract award comes after an LOI for the work was signed this past summer.
-
Canadian operator expands its Deep Basin gas footprint in Alberta, adding 700 new drilling locations.
-
After being a non-factor in the energy industry for years, the country is now one of the fastest growing regions.
-
Partners will go back to the drawing board to design a new well to reach the prospect’s primary objectives.
-
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.
