Asset Management
BP said it expects to keep the Azeri-Chirag-Gunashli (ACG) project in production into the 2040s by tapping into separate nonassociated gas reservoirs.
Still flowing nearly 40 years after startup, Gullfaks recently delivered its 5,000th cargo of sweet, low-sulfur crude to Sweden, underscoring how Equinor’s aging shelf assets continue to support Europe’s energy supply.
Utah, Colorado, Arizona, and New Mexico have formed the Mountain West Geothermal Consortium to turn geothermal energy into gigawatts of baseload power.
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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.
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Train 1 of the Corpus Christi LNG Stage 3 project is expected to reach substantial completion during the first quarter of 2025.
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The Scarborough Energy Project is on track to start delivering liquefied natural gas in 2026.
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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.
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The formal design and construction contract award comes after an LOI for the work was signed this past summer.
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Canadian operator expands its Deep Basin gas footprint in Alberta, adding 700 new drilling locations.
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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.
