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bp, Shell sign deals for Libya exploration and redevelopment

Oil & Gas 360º

bp, which has pivoted away from its failed low-carbon strategy to focus more on fossil fuels, signed a memorandum of understanding to study reviving two huge oil fields in Libya, it said in a statement on Tuesday. We hope to apply bp’s experience from redeveloping and managing giant oil fields around the world.”

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Oil majors compete for Libya’s first exploration tender since 2011 war

Oil & Gas 360º

The sum will be partly used to develop companies such as Akakus, which operates Sharara — Libya’s largest oil field — in a joint venture that includes TotalEnergies, Repsol SA, OMV AG and Equinor ASA as well as Libyan state companies. The development of its north Jalo field alone would add 100,000 barrels. Waha Oil Co.,

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When $180 Million Rides on an Expert's Supplementation Decision

Producer's Edge

Previously, in 2023, the Texas Supreme Court held that Apache should have made its re-assignment offer in 2014, not in 2015.    Apollo alleged that, because oil prices dramatically declined between 2014 and 2015, the impact on damage calculations would potentially reach $180M.

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Equinor Hits New Discovery in Johan Castberg

Rigzone

Image by Tatyana Ponomareva via iStock Equinor ASA on Monday announced another discovery in the recently started-up Johan Castberg field on Norway’s side of the Barents Sea. The discovery was drilled near the Drivis discoveries of 2014, according to a press release by Equinor. percent stake. percent stake.

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How Canada’s oil sands transformed into one of North America’s lowest-cost plays

Oil & Gas 360º

In the years following the oil price crash of 2014-15, international oil majors including BP, Chevron and Total sold their interests in Canadian oil sands. Prices have begun to climb because after years of heavy drilling in the top shale fields, the most productive areas have been exhausted.

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The Iberian green industrial opportunity: Carbon capture and storage

McKinsey

Developments in France are particularly relevant to Spain since France is accelerating its CCUS efforts despite not having significant national oil and gas reserves, which eliminates the possibility of using depleted fields for CO 2 storage. In addition, most of Europe’s depleted oil and gas fields are located at sea.

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Enhance predictive maintenance with generative AI agents on AWS

AWS: Energy (Oil & Gas)

In this scenario, we have a variety of electric motors in the field, sending sensor readings. Sensor data arrives in JSON format, including a motor ID field. If it detects an anomaly, then the agent generates a summary and invokes a notification action from the defined action groups to send a notification to field operation teams.