Management
The Granat prospect on the Norwegian Continental Shelf may be developed with a subsea tieback to existing infrastructure.
The asset sale to an undisclosed buyer includes 360,000 net acres in Oklahoma.
Phase 1 of the lease agreements calls for 2D and 3D seismic over the blocks.
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Investment in the Kingfisher and Tilenga upstream projects together with the East African Crude Oil Pipeline and a new refinery represents a $20-billion economic lift to the country. -
The operator will move forward with its multibillion-dollar Northern Hub project while planning for additional exploration drilling in the region.
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Rig counts are down since 2023, but well productivity is marching forward.
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The industry is balancing brains and bots as it squeezes out barrels of oil production.
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The deal comes only weeks after the private equity firm purchased a natural gas-fired plant operator.
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At peak, annual production from the two fields offshore Italy is expected to reach 1.5 Bcm.
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Cost concerns temper public appetite for clean energy while companies struggle to find investors for projects.
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Partners in Arrow Energy, Shell, and PetroChina expect to drill 2,500 new gas wells over 27 years to feed the Queensland Curtis LNG plant.
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Transition requires action, not perfect technology, but challenges remain around scalability, cost, and revenues.
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ConocoPhillips’ CEO Ryan Lance sees a future for petroleum engineers as the energy mix expands.
