Management
Preliminary estimates indicated recoverables of between 30 million and 110 million BOE at the discoveries, which Equinor called its largest of the year.
The decision keeps the effective tax rate on upstream projects at 78%, prompting new warnings that investments will continue to dwindle in the UK Continental Shelf.
Adura will become the UK North Sea’s largest independent producer by combining 12 key oil and gas assets, employing around 1,200 staff. It aims to produce more than 140,000 BOED in 2026.
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The Libra Consortium, led by Brazil’s Petrobras, has developed a method of separating carbon dioxide from reservoir fluids at the seafloor rather than the FPSO topsides. -
Two supermajors exit California, and the US put the brakes on permits to export LNG.
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Fresh commitments cover expansion work on the Al-Shaheen field that is expected to add 100,000 B/D of oil production once completed.
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COP28’s “last in, last out” approach lets developing countries profit from oil and gas now to invest later in a clean energy future.
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Oil giant looks to shed Canadian tight-oil assets as it moves to wrap up merger with rival Hess.
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Honda Motors invests in fusion in hopes of finding ways to recharge EVs at scale.
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At more than $140 billion, M&A market activity in the fourth quarter delivered the best showing of the year.
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The Offshore Technology Conference has announced the recipients of the 2024 Distinguished Achievement Awards.
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The operator was the successful bidder on former shallow-water assets of Cox Oil, Energy XXI, and others.
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In its 2024 outlook, Enverus expects 3-mile-long lateral sections to become a new normal in the Permian and suggests the budding geothermal and lithium arenas may be the real deal.
