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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The Pickerel-1 well encountered 90 ft of high-quality oil-bearing Miocene reservoir and will be tied back to the Tubular Bells production facilities. -
An Energy Industries Council survey of nearly 100 energy supply chain leaders finds that a lack of "consistent and profitable work in green projects" prompts a return to oil and gas projects.
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The Irpa gas field, Verdande oil field, and Andvare production-well tiebacks will extend the lives of the mature Aasta Hansteen and Norne fields into the late 2030s.
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Public companies shoring up inventory leads to a shift in Permian asset ownership.
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With the acquisition of manufacturing firm Revak Keene, Fox Innovation and Technologies plans to launch technology aimed at disrupting the compressor and rotating equipment aftermarket status quo.
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Geothermal energy’s advantages make it popular across multiple sectors, from residential to industrial applications. Primary applications, namely electricity, direct use, and ground source heat pumps, offer diverse energy sources. Details of these and some unconventional applications are discussed.
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The $18.4 billion in project financing pledged to Rio Grande LNG represents the largest greenfield energy project financing commitment in US history.
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The US onshore business is looking flat at the moment, though these sorts of predictions are prone to sudden shifts.
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The deal offers bolt-on acquisition to the operator’s Kern County, California, operations.
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McDermott’s latest EPCI contract on Qatar’s North Field expansion focuses on subsea cabling and offshore/onshore pipelines to be fabricated locally.
