Management
Using emergency procedures, the permitting timeline is expected to be significantly reduced from years to weeks, in some cases.
The latest deepwater exploration well offshore Namibia has found 38 m of net pay and flowed more than 11,000 BOPD of 37 °API oil during testing.
The UK North Sea Transition Authority has awarded the required permits for the East Irish Sea project, and the project has reached financial close. The carbon capture and storage storage project is expected to receive its first carbon dioxide in 2028.
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Supermajor down, but not out of Brazilian exploration game. -
Geologists have identified a formation with a world-changing potential for carbon dioxide storage, but some engineering is required.
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The operator had been in communication with government about the future of the permits since 2020.
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Norwegian oil company gets $220 million for 28% of the license.
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High energy prices and a greater focus on energy security will not slow the world’s long-term ambition for a low‑carbon future. However, annual analysis by DNV believes unprecedented pressure is reinforcing a two‑speed energy transition.
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Italian company finds 200 million BOE with its Block 7 exploration well.
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Controversial metals-rich nodules sitting on the seafloor could hold the key to increased battery production needed to support the energy transition.
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An energy transition symposium was held in February in Washington, DC, to inform and engage policymakers and the policy community in the US capital from the perspective of the engineers and geoscientists who currently work to supply 60% of the world’s energy.
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The French supermajor calls deal "more straightforward" than spin-off of business.
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The first of two exploration wells planned to be drilled in Mexico's Block 30 is being hailed as a success by the German operator.
