Management
The proposed joint venture aligns with Eni's satellite model strategy to create entities that manage operations and access capital markets separately from the parent company.
Mero expects to increase its production capacity to over 700,000 B/D.
The supermajor is making a major course correction as it plans to slash renewable investment and focus more on oil and gas development.
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ADNOC's Ruwais LNG to be one of the first all-electric-LNG facilities in the Middle East.
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Oxy’s 1PointFive subsidiary and ADNOC plan to assess the feasibility of building the first megaton-scale DAC facility outside of the US.
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Aker Solutions, SLB, and Subsea 7 have joined to create a subsea engineering firm to drive innovation and efficiency in subsea production.
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The work scope for the project runs through year-end 2027.
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The order builds on the expanded master equipment agreement between the companies for more than 100 mtpa of LNG.
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Output from the field is expected to return to pre-shut down levels this summer.
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Well is estimated to have encountered as much as 35 million BOE.
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Program will focus on finding more resources around Goliat and Johan Castberg through 2026.
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The current program comprises six planned wells.
