Asset Management
The deal adds over 1,000 potential drilling locations and almost doubles oil production for Houston-based Magnolia.
The deal is the largest acquisition in Mitsubishi Corp.'s history and adds one of North America's leading shale gas assets to its portfolio.
The sale for $1.8 billion of Solenergi Power, the holding company for Sprng, which develops and operates solar and wind projects across India, follows other realignment actions by the supermajor.
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The Australian company upped its forecast of initial oil production out of the field from 50,000 B/D to somewhere between 75,000 and 100,000 B/D. It expects to spend between $1.9 billion and $2.2 billion on the field's development. -
OneSubsea has agreed to a contract with Nexans for the design and supply of two 75-mi power umbilicals for a subsea multiphase compression system at Shell’s Ormen Lange gas field in the Norwegian North Sea.
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Byron Energy has entered an agreement to fund the construction of SM58 (South Marsh Island 58), its production platform in the US Gulf of Mexico. The Australian company said it had signed a binding secured promissory note with Crimson Midstream to borrow an initial amount of $15 million. The money will be used primarily for the ongoing construction of the production p…
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The Spanish oil and gas company says existing or foreseeable technologies will achieve at least 70% of its ambitious plan to shrink its carbon footprint.
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It is the first time the country was a net exporter of crude and petroleum products during a month since the US Energy Information Administration began keeping such records in 1973.
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Rapid scale-up of CCUS projects is critical to achieving net-zero carbon emissions by 2050.
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US crude oil production will reach a record level of 12.29 million B/D in 2019, increasing faster than expected both this year and in 2020, according to the latest US Energy Information Administration (EIA) forecast. Output will rise to 13.29 million B/D next year.
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For the past 20 years, the diagnostic fracture injection test has been used across the frontlines of the shale revolution to paint a picture of what cannot be seen. However, that picture has not always been so clear in the eyes of subsurface engineers.
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The industry is becoming increasingly complex, leading to changes in how universities approach education for undergraduate study.
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The succession at the top role comes amid the independent’s expansion beyond the Eastern Med, with recent acquisitions of North Sea and US Gulf of Mexico assets.
