Asset Management
After a record year for LNG project approvals in 2025, multiyear repairs to war-damaged liquefaction facilities in Qatar and the UAE threaten to slow the growth of global LNG capacity.
The declaration builds on a memorandum of understanding the partners signed with Egypt in May to process Block 10 gas at the country’s LNG export and domestic gas facilities.
Alongside the new subsea awards, Equinor strengthened its position in the 400-million-bbl Bay du Nord development by acquiring BP’s interest in the project.
-
As our industry continues to adapt and evolve to meet the changing needs of our fast-moving world, we see a sizable and growing prize for those who are willing to work and think differently, challenge traditional approaches, forge new working relationships, and act boldly. -
Standalone or subsea development options remain in play.
-
President Tom Blasingame reminds SPE members that the pandemic is not over and that SPE has a long way to go before significant revenue is realized. However, SPE’s commitment remains strong to maintain consistent, high-quality services to its members—not only in good times, but in difficult times as well.
-
The development scheme may include possible tie-in to the nearby Solveig field.
-
The deal gives Houston-based Vencer Energy 44,000 acres and 40,000 BOE/D of baseline production.
-
The South African Development Community has agreed to send up to 3,000 troops to contain Mozambique’s terrorist insurgency after Total declared force majeure and evacuated all personnel from its Mozambique LNG worksite.
-
Delek Drilling’s deal to sell Abu Dhabi’s state-owned Mubadala Petroleum its stake in Israel’s offshore Tamar gas field kicks off what the Abraham Accords envisioned as the kind of business cooperation that could bring peace to the Middle East and prosperity to the East Med.
-
The US shale producer exited bankruptcy in February and said it will seek a new permanent CEO.
-
Up to 10 FPSOs could be needed to fully develop the discovered resource base in the area.
-
With Chevron out of the picture, Iraq may turn to China to buy ExxonMobil’s 32.7% stake in West Qurna-1, or it may buy some or all of the stake itself to meet an end of June deadline to complete the sale.
