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The US supermajor aims to speed the commercialization of a new liquid solvent that strips carbon dioxide from industrial flue gas.
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Samsung E&A takes home $6 billion of the total amount as EPC contractor.
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As the biggest US companies grow bigger, the advantage of scale becomes clearer.
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The national oil company credits lean operating practices and AI for making the three-well, 45,000 B/D project economically viable.
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Contractor will design FPSO hull and related topsides facilities for the project located in the Santos Basin offshore Brazil
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The world's largest oilfield service company made the deal to expand its exposure to the less cyclical production segment of the upstream business.
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A 44-well development tests what ConocoPhillips has learned about maximizing the value of the wells by figuring out how they drain the reservoir.
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Jennifer L. Miskimins is the nominee for 2026 SPE President. She and six others make up the new slate of nominees recommended for positions open on the SPE International Board of Directors.
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The use of oil-based muds has precluded countless drill cuttings from being used to predict reservoir fluids despite once being part of the reservoir. A 6-decade-old technology may be on the cusp of changing that.
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To avoid costly interventions like sidetracking or wellbore abandonment, a check-valve system was installed near the sandface within three injector wells which prevented the mobilization of fines from the reservoir into the wellbore by stopping backflow.
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Pink hydrogen, produced through water electrolysis powered by nuclear energy, recently drew attention which underscored the complexity of decision-making in advancing such projects.
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The Mexican state oil company turns to the bit in a bid to add meaningful reserves from the deep Mexican Gulf.
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