Production
The development is expected to add approximately 39 million BOE in recoverable resources to the Solveig field.
An earlier deal to double Israel’s gas exports to Egypt led to approval of Leviathan’s Phase 1B expansion by guaranteeing long-term cash flow to finance the project.
Marking a major milestone as the Gulf of Mexico’s second 20,000-psi deepwater development, the project underscores how advanced high-pressure technology, management of flow challenges, and the floating production system’s role as a regional hub are helping open the door to more Inboard Wilcox development.
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The company's CEO says Europe’s third-largest oil field is entering a natural decline phase. -
The country’s state oil company has signed agreements with SLB and TotalEnergies to work on production.
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Monitoring on the ground is helping the industry shift from best estimates to hard data so it can bring the true emissions profile into focus.
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To overcome operational constraints tied to ball-and-seat valves, an operator tested a spring-loaded alternative downhole.
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Rystad Energy estimates up to 25 Bcf/D of natural gas output may have been temporarily halted as freezing weather swept key producing regions.
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The deal targets increased investment and production from one of the country’s largest onshore developments.
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The US Energy Information Administration said it expects US crude oil production to stay close to 2025 levels in 2026 before dipping in 2027.
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Damage to power distribution systems prompted precautionary shutdowns at two major oil fields.
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Malampaya East discovery is estimated to hold 98 Bcf of gas and may help offset declines at the country’s only producing gas field.
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Equinor, Aker BP, DNO Norge, and Vår Energi received the most licensing offers in APA 2025.
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