A POSCO International spokesperson said the company was pursuing an acquisition of Senex as part of its efforts to secure natural gas reserves to replace its existing natural gas sources.
Research shows abandoned offshore oil platforms can be repurposed for a multitude of purposes including carbon capture and storage.
Remote oil and gas wells are notoriously difficult to monitor, but new technology may make them some of the most advanced sites out there.
Compromising on critical edge computing can be a costly gamble for oil and gas companies.
According to the Baker Hughes weekly rig count report, gas rigs in the U.S. fell by one this past week to 98, their lowest since August.
Several Wolfcamp Shale discoveries by Pioneer in the Midland Basin and Devon in the Delaware, plus Marcellus well completions by the recently merged Coterra Energy and a giant gas find in the Black Sea top this week’s oil and gas drilling activity highlights from around the world.
Zoë Yujnovich, currently head of Shell’s conventional oil and gas operations, has been named as upstream director, replacing Wael Sawan who will now lead the global supermajor’s integrated gas and renewables division.
The Sakarya offshore greenfield represents the largest gas reserve ever discovered in Turkey. The subsea development will be located approximately 100 nautical miles into the Black Sea.