Management
SPE member Sliviu Livescu has been chosen to receive the award in recognition of his groundbreaking contributions to next-generation, low-enthalpy geothermal energy systems, which are enabling widespread, cost-effective building heating and cooling solutions.
The discovery in the Kutei Basin offshore Indonesia is being considered for fast-track development.
The new development is estimated to hold 46 million bbl of recoverable oil and is planned to start up in late 2028.
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Find could hold as much as 130 million BOE. -
The $32-million deal nets producer proved reserves of 3.2 million BOE.
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Nation also changes fiscal regime to attract new investment.
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New terms would allow contractors more than 50% equity share in some new blocks.
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BP, QatarEnergy and Zarubezhneft were among the other winners.
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The energy ministry instructed a shutdown following Hamas missile strikes.
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Total structure discovered could hold as much as 5 Tcf of gas in place.
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The best wells in which to find lithium are in old conventional fields where rusty pump jacks are pulling out mostly water.
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A gold strike was announced in October. But in this case the gold was naturally occurring hydrogen in a former coal basin in France.
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As money pours into the space, questions arise about whether the method of removing carbon from the atmosphere is the best investment.
