Asset Management
The London-based supermajor is stepping back from startup investing as it seeks to focus capital on its oil and gas business.
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.
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CGG began a multiclient 3D survey in the Northern North Sea to provide a second azimuth over its existing Northern Viking Graben (NVG) multiclient 3D survey and extend into open acreage on offer in the UK 32nd License Round. -
Petrobras completed a drillstem test (DST) in the Júpiter Discovery Assessment Plan, located in the Santos Basin pre-salt carbonate reservoir.
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Equinor will drill three new wells at a cost of $219.3 million at the Martin Linge field in the Norwegian North Sea to ensure safe production after an analysis found four previous wells drilled there did not have necessary barriers.
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Bringing the Heat: Aramco Field Tests High-Temperature Chemistry To Slash Tight-Gas Completion CostsSaudi Aramco and university researchers are experimenting with a thermochemical fracturing fluid that aims to eliminate more than half of the pumping horsepower typically required to complete horizontal wells.
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Though shelved by low oil prices, the plan to execute the largest enhanced oil recovery program of its kind offers insights into what it may take for the shale sector to escape pilot mode and scale up gas huff ’n’ puff operations.
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Extending and transferring the high-temperature capabilities of existing E&P technologies could make geothermal energy development possible—and scalable—anywhere in the world.
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Apache and Total said the Noble Sam Croft drillship gathered reservoir and other technical data in the upper cretaceous-aged Santonian intervals since its 29 July discovery.
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Barron Petroleum drilled a new discovery well in Val Verde County, Texas, finding an estimated 417 Bcf (74.2 million bbl) in oil and gas reserves.
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CNOOC Limited’s Nanbao 35-2 oil field S1 area offshore China in the central Bohai bay began production. The oil field, fully owned by CNOOC Limited, has an average water depth of 17 m.
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Pharos Energy, an independent E&P company, received approval from the Prime Minister of Vietnam for its Te Giac Trang (TGT) full-field development plan (FFDP), enabling the company to begin drilling six new producer wells in Q4 2021.
