NEXUS OFS

The $6-billion Azeri Central East (ACE) platform is the first BP-operated offshore production facility controlled from onshore. The new $6-billion BP-operated Azeri Central East (ACE) platform has produced first oil as Azerbaijan and its international partners enter a new stage in developing the nearly 30-year-old Azeri-Chirag-Deepwater Gunashli (ACG) field in the Caspian Sea. The oil […]

The national oil company credits lean operating practices and AI for making the three-well, 45,000 B/D project economically viable. The Abu Dhabi National Oil Company (ADNOC) said it achieved first oil production in February from the Belbazem offshore block with an expected output of 45,000 B/D of light crude and 27 MMcf/D of gas at

The asset combination is structured under Eni’s “satellite model,” which Eni has deployed successfully with similar upstream joint-venture deals in Norway and Angola. Italy’s Eni and Ithaca Energy, the North Sea subsidiary of Israeli energy conglomerate Delek Group, have agreed to combine most of their upstream UK assets in a stock-based transaction that creates the