As companies in the energy sector struggle to find the balance between satisfying shareholder returns and meeting stakeholder low-carbon demands, new strategies are emerging that could be the catalyst to drive capital allocation decisions toward growth and closing valuation gaps, according to a new Horizons report from Wood Mackenzie.
The sale comes as Enteq expands to new US headquarters in Houston, Texas, as it drives the continued development of SABER.
Wärtsilä will operate the power modules onboard a FPSO vessel, on behalf of the owner 3R Petroleum and has also signed a five-year optimised maintenance agreement with the company to ensure the reliability and performance of the installation.
Rapid adoption of automation technology and digital solutions for completions drove the need for local customer support, logistics and a full-service operations base to support the Permian Basin.
While confirming all the terms of the Development & Production Contract signed in 2021, TotalEnergies and the Iraqi Government have jointly defined the necessary conditions and mutual insurances to move forward with the Gas Growth Integrated Project (GGIP).
The project financing is provided by a consortium of 13 international banks with insurance cover from 4 international Export Credit Agencies (ECA).
Southeast Asia will be a hotbed for upstream mergers and acquisitions (M&A) in the next two years, with more than US$5 billion of assets up for grabs, Rystad Energy research shows.
The company’s scope of work includes the design and manufacture of the subsea production manifold featuring TCS subsea connectors along with valves sourced from Advanced Technology Valve S.p.A. (ATV) in Colico, Italy.
The company has announced that it will spend US$23 million on a targeted decommissioning programme in Germany this year, plugging and abandoning wells which have ceased production and removing associated infrastructure.
The well was drilled about 10 km north of the Visund field, and about 190 km northwest of Bergen.
4AP-Geoteknik is joining the group as part of RSK’s expansion into the Nordic region.
The active campaign that took place in 2020 provided 30 environmentally-friendly permanent seals in the Valhall oilfield.
The Bozhong 26-6 oilfield has an average water depth of about 22 m.
On 10 March, West Akcakoca 1 reached 3839 m total measured depth and true vertical depth of 1677 m.
The company has entered into an agreement to divest 28% working interest in PL037 (Statfjord area) to OKEA with an effective date 01 January 2023.