Management
Preliminary estimates indicated recoverables of between 30 million and 110 million BOE at the discoveries, which Equinor called its largest of the year.
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.
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Machine learning has been shown to have a promising role in oil and gas explorations in recent years. Among the applications, determining a proper location for injection and production wells along with their optimal operating conditions is a complex problem. -
The Oklahoma independent agreed to acquire the assets of three private companies in its quest to scale up in the Permian's Delaware Basin.
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Consortiums led by ExxonMobil, TotalEnergies lead the charge into the blocks offered in the oft-delayed offshore parcel auction.
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Suriname's wait to become a significant oil producer may be nearing an end as the French supermajor begins early development studies.
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The discovery in the US Gulf of Mexico was tied back to the existing Shenzi tension-leg platform.
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Diamondback Energy has agreed to spin off its water operations. Now, who’s next?
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High demand for offshore services makes for robust charter rates.
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Bernard Looney resigns, Murray Auchincloss takes over as acting CEO.
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The Advanced Clean Energy Storage project in Utah involves two 4.5-million-bbl salt caverns that will store up to 100 metric tons of hydrogen per day.
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The government is offering its first major funding for the unexplored energy source.
