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.
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.
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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Industry observers warn that the future of the UK North Sea hinges less on geology than on whether fiscal stability can be restored. -
The US Department of Energy announced a $625 million investment to expand America’s coal industry, aiming to increase energy production and support coal communities.
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The leaders of US oil and gas companies in Texas and neighboring states cite regulatory uncertainty, tariffs, and volatile prices as drags on activity.
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The $5-billion Tiber-Guadalupe project in the Gulf of America is BP's second major project in the region to be sanctioned in 2 years.
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The supermajor’s Energy Outlook 2025 suggests geopolitical fragmentation could tilt the balance of the energy trilemma toward energy security and away from sustainability.
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Smackover Lithium, an Equinor joint venture, will drill new wells on the Franklin project to get a better understanding of its brine makeup and lithium potential.
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Angola expects an 18% rise in natural gas production by 2030 as global producers invest in offshore exploration and new field development.
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The subsea field is part of the larger Snøhvit development in the Barents Sea.
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A 15-year SPE member, he will oversee the Office of Fossil Energy and the National Energy Technology Laboratory, managing a $5-billion R&D portfolio spanning coal, oil, natural gas, and critical minerals with the goal of advancing affordable and reliable energy solutions.
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Iraq’s Gas Growth Integrated Project aims to increase electricity generation by capturing flare gas collected from three southern oil fields. A desalination project will use treated seawater to maintain well pressures.
