Asset Management
Talos Energy founder Tim Duncan has been named executive chairman of newly formed 1947 Oil&Gas, which will focus on acquiring and developing mature, shallow-water assets through its buyout of Renaissance Offshore. The deal is expected to close in Q2 2026.
Operators aren’t rushing to drill, even as the closure of the Strait of Hormuz drives oil prices up.
In partnership with OTC 2026, Rystad Energy has shared its latest outlook for the offshore sector and the role it is expected to play in supplying low-cost barrels through 2050.
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FPSO Léopold Sédar Senghor will be deployed at Woodside’s Sangomar field. -
A recent wave of megadeals is weighing on the mind of many oil and gas executives in Texas, New Mexico, and Louisiana.
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The C-NLOPB has green-lit the supermajor’s plans to develop new sands within the field’s Jeanne d’Arc formation.
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The global oil and gas industry’s merger and acquisition arena is ending 2023 with a bang.
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Twenty-six companies participated in what was the last GOM lease sale scheduled until 2025.
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Production from the Sparta field is expected to start in 2028.
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A pilot project will explore onboard carbon capture for container ships, and two heavy-hitters are teaming up to find decarbonization paths in the Asia Pacific region. Elsewhere, wind and solar are on track to pass coal in the race to generate electricity.
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The deal will quadruple Tokyo Gas' natural gas production volumes from the Haynesville Shale.
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The Norwegian Sea discovery is the largest, undeveloped natural gas find on Norway’s Continental Shelf.
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The operator also has increased its stake in the Kaikias field in the Mars basin.
