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Located along the North Sea, the Humber is expected to play a central role in the UK’s effort to achieve a net-zero emissions status by 2050.
The deal adds over 1,000 potential drilling locations and almost doubles oil production for Houston-based Magnolia.
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The industry is balancing brains and bots as it squeezes out barrels of oil production. -
The deal comes only weeks after the private equity firm purchased a natural gas-fired plant operator.
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At peak, annual production from the two fields offshore Italy is expected to reach 1.5 Bcm.
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Cost concerns temper public appetite for clean energy while companies struggle to find investors for projects.
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Partners in Arrow Energy, Shell, and PetroChina expect to drill 2,500 new gas wells over 27 years to feed the Queensland Curtis LNG plant.
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Transition requires action, not perfect technology, but challenges remain around scalability, cost, and revenues.
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ConocoPhillips’ CEO Ryan Lance sees a future for petroleum engineers as the energy mix expands.
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China's biggest offshore company is looking to open a new frontier with shallow reservoirs found in the deep water of the South China Sea.
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The highly anticipated SPE/IADC Asia Pacific Drilling Technology Conference was held in Bangkok and gathered over 1,000 professionals from the drilling and well technology communities across more than 30 countries.
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NextDecade taps Bechtel for $4.3-billion turnkey EPC for Train 4 of the Texas plant, but a federal appeals court hits a partial reset button.
