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Located along the North Sea, the Humber is expected to play a central role in the UK’s effort to achieve a net-zero emissions status by 2050.
The deal adds over 1,000 potential drilling locations and almost doubles oil production for Houston-based Magnolia.
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The post-salt, heavy-oil fields will be developed in tandem tied back to an FPSO. -
Derived from the principles of radial jet drilling, a new technology called micro-turbine drilling is developed to allow for drilling of micro-sidetracks from cased boreholes in very hard reservoir rock.
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Blocked by sanctions from obtaining Western technology, Tehran has turned to its domestic service industry to expand production as Chinese demand reaches new highs.
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ExxonMobil and Aramco CEOs talk molecules, electrons, and the need to "abandon the fantasy of phasing out oil and gas" at the "Super Bowl of Energy" in Houston.
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The merged companies will emerge as a new company, Innovex International, increasing its global scale and footprint in growing markets.
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A total of 15 companies, including five small businesses, were recognized this year for their demonstrated advancements in the industry.
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After becoming one of the first US independents to go big on CCS less than 3 years ago, Houston-based Talos Energy is making its exit.
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The project advances toward the final investment decision expected this year.
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Ignis H2 Energy and Imeco Inter Sarana announced a strategic partnership to expedite geothermal development in Indonesia.
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The US contractor will provide subsea installation services with work expected to begin in 2026.
