Asset Management
Equinor, Aker BP, and Vår Energi will combine resources and expertise to pursue some of the largest remaining exploration opportunities on the Norwegian Continental Shelf.
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The Loran Phase 2 license award builds on BP’s growing presence in Venezuela as it seeks to develop offshore projects, particularly shared fields near Venezuela’s maritime border with Trinidad and Tobago.
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The energy technology company received an order from Twenty20 Energy for 10 gas turbines to power US data center infrastructure. -
The operator has estimated about 500 million bbl of oil in place at Algaita in Block 15/06.
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The planned facility was designed to process 34 MMcf/D of associated gas into fully refined gasoline.
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The development is expected to add approximately 39 million BOE in recoverable resources to the Solveig field.
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The appraisal well in Utah confirmed a geothermal resource exceeding 555°F at a depth of approximately 11,200 ft.
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The cloud platform provider said the initiative is designed to help energy companies manage and analyze large-scale operational data.
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The deal positions the merged company to benefit from an expected offshore drilling upcycle.
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Suspended by force majeure since the spring of 2021, work on the Mozambique LNG project has restarted with over 4,000 workers now engaged onshore and offshore to meet a 2029 deadline for first LNG.
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Shell CEO Wael Sawan said Nigeria’s improving investment climate is boosting its appeal for long-term oil and gas investment.
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An earlier deal to double Israel’s gas exports to Egypt led to approval of Leviathan’s Phase 1B expansion by guaranteeing long-term cash flow to finance the project.
