Asset Management
The declaration builds on a memorandum of understanding the partners signed with Egypt in May to process Block 10 gas at the country’s LNG export and domestic gas facilities.
Alongside the new subsea awards, Equinor strengthened its position in the 400-million-bbl Bay du Nord development by acquiring BP’s interest in the project.
Spain has granted permits covering a swath of the mountain range to Mantle8 for natural hydrogen and helium exploration a month after France granted the company similar permits.
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Operator inks $252 million deal for use of newbuild drillship.
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Electric-powered fracturing fleets looked impressively resilient in 2020 amid what was otherwise a significant collapse for the hydraulic fracturing sector. Today, the situation is more complicated.
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Deal marks the first ADNOC partnership with Pakistani energy companies.
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The continued collaboration of the oil and gas industry with other technological sectors is crucial for its success. SPE has itself been a catalyst for collaboration in the industry through the events it organizes and with other societies to bring together practitioners from different disciplines.
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Keeping your finger on the pulse of change requires diligence. Moving forward requires leaders, but without our commitment, the progress lags or stalls out.
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As Canada, Greenland, and even Norway shy away from developing their Arctic oil and gas resources, only Russia and the US remain in the game as Alaska seeks to renew interest in exploration and development of its North Slope.
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Tract is turned back by BP after operator fails to meet drilling obligation.
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Last year’s GOM auction received high bids on just 93 blocks. Higher oil prices could attract bidders back to the planned lease sale.