Asset Management
With a strong presence across US shale in the Bakken, Anadarko Basin, Powder River Basin, and the Permian, Continental Resources is expanding into Argentina’s Vaca Muerta shale as the privately held E&P giant pursues international growth.
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.
Applications are now open for the OTC Spotlight on New Technology Awards, the offshore energy sector's leading innovation honors. Recognizing technologies that advance operational efficiency, sustainability, and performance, the awards spotlight game-changing solutions from OTC exhibitors. Submit your entry and supporting documents by 28 January 2027.
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Petrobras will sell the Rabo Branco field, part of the BT-SEAL-13 concession, to Energizzi Energias. -
Oil-to-telecom conglomerate Reliance Industries Limited (RIL) and BP have started production from India’s first ultradeepwater gas project, the first of three such projects in the KG D6 block.
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CNOOC’s Bohai Sea Project has started production ahead of schedule.
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Work began in December on the Snorre Expansion Project in the southern part of the Norwegian Sea. This increased-oil-recovery project will add almost 200 million bbl of recoverable oil reserves and help extend the productive life of the Snorre field through 2040.
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If brought to production, the flow of new gas supplies will help cut Jordan’s dependence on oil imports to fuel its power sector and industries.
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The Greater Buchan Area (GBA) now has four drill-ready prospects to add to discoveries already slated for development.
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With all critical components nearly in place, production is set to start this year at the Lingshui 17-2, China’s first ultradeepwater gasfield development project.
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The company will focus on renewables projects such as offshore wind farms and solar farms, gas solutions, production assets, and new energy solutions such as hydrogen and tidal energy.
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With its third capacity increase in 2 years of production, the third-largest oil field on the NCS is proving to be a powerhouse for Norway.
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A $3-million investment by a climate fund founded by TED curator Chris Anderson and an additional $2-million investment by a subsidiary of Helmerich & Payne will fund a hybrid CLG/EGS demonstration well in Texas. Drilling could begin this summer.
