Production
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.
The authors describe a study on key technologies for intelligent risk monitoring of workover operations.
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Gas production faces several technical challenges, from extracting shale gas in complex geological settings such as tight formations and deepwater environments to processing sour gas with high hydrogen sulfide content. Although various technologies exist to mitigate these challenges, the dynamic nature of subsurface conditions and operational environments continues to… -
The first of four planned Phase 1 wells is flowing from the region’s second 20k-psi deepwater project.
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The China National Offshore Oil Corporation said it plans to use water injection, steam huff ’n’ puff, and steamflooding to produce the heavy oil field, with peak production expected in 2026.
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The agency’s July outlook also showed crude prices holding below $60/bbl for most of 2026.
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As Africa’s top oil producer, Libya is ramping up momentum—offering 22 exploration areas and welcoming BP back to Tripoli with a major deal.
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As US shale potentially stares at a production plateau, operators and service providers are turning to smarter tools to extend the life of aging plays.
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Equinor and Shell plan to launch the joint venture—initially announced in late 2024—by the end of 2025, pending regulatory approvals.
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While militant attacks halted construction at Mozambique’s onshore megaprojects, Eni began LNG exports using a floating production strategy, which now serves as the foundation for its ongoing development.
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Japan’s largest power generator is focused on sourcing Haynesville natural gas production for Gulf Coast export as LNG.
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Secondary and tertiary efforts are critical for sustaining the productive lives of unconventional plays.
