Asset Management
The companies will work together to increase future production and value creation at their respective assets in the Norwegian Continental Shelf.
The top three bidders in the latest lease sale by the US federal government paid a combined $3.9 billion.
US Energy Information Administration data sees the country’s energy production jump 3.4% over 2024 levels. Additionally, the EIA predicts industrial natural gas consumption to hit records in 2026 and 2027.
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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.
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Partners will go back to the drawing board to design a new well to reach the prospect’s primary objectives.
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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.
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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.
