Asset Management
The deal adds over 1,000 potential drilling locations and almost doubles oil production for Houston-based Magnolia.
The deal is the largest acquisition in Mitsubishi Corp.'s history and adds one of North America's leading shale gas assets to its portfolio.
The sale for $1.8 billion of Solenergi Power, the holding company for Sprng, which develops and operates solar and wind projects across India, follows other realignment actions by the supermajor.
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Ongoing seismicity concerns and orphan well risks are pushing operators and regulators to explore alternatives for managing produced water. -
Updates about global exploration and production activities and developments.
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The agency also requests feedback related to interest in a possible minerals lease sale offshore Alaska.
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A final investment decision is also expected by the end of the year for the company’s first low-carbon data center project.
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Among the awards are contracts for four currently idle deepwater rigs.
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The $26-million project will serve as a collaborative hub for research, engineering, and testing.
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The deal targets increased investment and production from one of the country’s largest onshore developments.
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A series of major advances will move Phase One of the Alaska LNG Project from the development phase into execution.
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The expansion project by QatarEnergy is expected to increase LNG production capacity to 142 mtpa when it goes online.
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The Nasr-115 expansion project, within ADNOC’s larger Ghasha concession, is part of a development aimed at increasing capacity to 115,000 BOPD by 2027.
