Management
The decision keeps the effective tax rate on upstream projects at 78%, prompting new warnings that investments will continue to dwindle in the UK Continental Shelf.
Adura will become the UK North Sea’s largest independent producer by combining 12 key oil and gas assets, employing around 1,200 staff. It aims to produce more than 140,000 BOED in 2026.
The capability of modern wellbore surveying to increase asset value through improved subsurface modeling and completion-equipment placement is being overlooked by managers of operating companies.
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The all-stock transaction is the second megadeal to rock the energy industry this month. -
Oil and gas professionals from 70 countries turned out for the 2023 SPE Annual Technical Conference and Exhibition (ATCE) in San Antonio, Texas.
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The computer vision startup from Porto Alegre, Brazil, earned both the People’s Choice award with a prize of $3,000 and the Best in Show award of $25,000.
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A drop in the number of wells drilled on the UK Continental Slope is concerning as many fields in the mature basin are reaching the point of production cessation.
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SponsoredThe Wyoming Gas Injection Initiative (WGII) makes available $22 million of matching funds from the State of Wyoming to implement, in close collaboration with oil and gas operators and Dow, multiple field pilot projects in the State of Wyoming. The Initiative will fund projects over a 3- to 5-year period to support developments with significant potential to enhance wel…
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Green Hydrogen International and Inpex have agreed to work together to develop GHI’s flagship project while evaluating large-scale green hydrogen/ammonia exports.
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The energy transition stays front and center as Dogger Bank, the world’s largest offshore wind farm, begins exporting power. Elsewhere, India goes green and CCS in Canada hits a snag.
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The nearly $60-billion deal will see ExxonMobil more than double its Permian Basin output to over 1.3 million BOED.
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BioSqueeze is a small oilfield services looking to prove it can build much bigger things as well.
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In recent weeks, we have seen headlines heralding the surge in M&A activity in the US shale sector. While the large figures might grab the headlines, the path to realizing these synergies on a company's P&L is littered with operational and supply chain challenges.
