Asset Management
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.
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 deepwater infill project is Esso Nigeria's first drilling campaign in a decade and is expected to boost Usan's production by up to 40,000 B/D.
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With 2020 on the horizon, JPT editors put together our Top 10 list of technologies and ideas to keep an eye on in the coming year. -
Many confuse “an” innovation model for “the” innovation model, and we have confounded innovators with entrepreneurs. They are not the same thing.
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The BigRoll Bering was spotted leaving Corpus Christi, Texas, on 17 November, headed for the Peregrino heavy-oil field offshore Brazil. Drilling modules and a flare boom are being transported for the field’s Phase 2 development.
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The plan targets some $50 billion in free cash flow over the period while growing production more than 3%/year.
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Business Development VP Kirstie Boyle joins The SPE Podcast to talk startups. Recently part of a $4.5-million funding round, Kirstie shares what makes Interface Fluidics flow.
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A newly developed superhydrophobic coating keeps offshore drilling pipes from being clogged by various substances. R&D Magazine recently recognized the coating and the unique process to apply it to pipes as one of the 100 most significant innovations of 2019.
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Equinor has chosen four suppliers for inspection services on all offshore installations on the Norwegian Continental Shelf and onshore plants in Norway. The frame agreements, estimated at $383 million, are scheduled to be signed soon.
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Bloomberg reports that Saipem is seeking to bulk up and weather an industry downturn. A potential deal could create an oilfield service giant with more than $12.4 billion in revenue.
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Macroeconomic and business risks, investor uncertainty, and the energy transition highlight the challenges outlined in the report.
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The bank funded some €2 billion in projects last year.
