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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Angola expects an 18% rise in natural gas production by 2030 as global producers invest in offshore exploration and new field development. -
The subsea field is part of the larger Snøhvit development in the Barents Sea.
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A 15-year SPE member, he will oversee the Office of Fossil Energy and the National Energy Technology Laboratory, managing a $5-billion R&D portfolio spanning coal, oil, natural gas, and critical minerals with the goal of advancing affordable and reliable energy solutions.
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Iraq’s Gas Growth Integrated Project aims to increase electricity generation by capturing flare gas collected from three southern oil fields. A desalination project will use treated seawater to maintain well pressures.
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MODEC will supply the FPSO that will host up to 18 wells in the initial phase of development.
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BW Opal FPSO has capacity for 850 MMcf/D of gas, which will be treated and sent on to the Darwin LNG facility, and 11,000 B/D of condensate, which will transferred via tanker.
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Nitzana will enable Israel to double gas exports to Egypt from the giant Leviathan gas field in the Eastern Mediterranean.
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Nearly 90% of investment since 2019 has gone to replacing lost production, with $570 billion in spending projected for 2025.
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Months of due diligence and evaluation following proposed $18.7 billion deal results in no deal to purchase Australian operator.
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Supermajor BP awards contract to same specialists who commissioned its Argos platform.
