ExxonMobil

The investment underscores ExxonMobil’s pivot to Nigeria’s offshore after it finalized the divestiture of its onshore assets in the country.

The authors of this paper write that the use of high-angle wells through anisotropic shale formations represents a promising approach to improving oil recovery while reducing the overall number of wells required.

Hammerhead, the seventh planned project offshore Guyana, is expected to reach FID later this year and go on-stream in 2029.

ExxonMobil and Guyana expect to approach 1 million B/D of oil as the ONE Guyana vessel reaches the Stabroek block.

The strategic buyout of Portugal’s Galp is ADNOC’s first investment in Mozambique as it continues to grow its lower-carbon LNG portfolio.

This study presents a production-optimization method that uses a deep-learning-based proxy model for the prediction of state variables and well outputs to solve nonlinearly constrained optimization with geological uncertainty.

The supermajor believes oil and gas will continue to play a major role in the global energy mix over the next 25 years.

In the Marcellus, Repsol is slicing and dicing legacy data to evolve its completions strategy, while in the Permian, ExxonMobil is mastering the 4-mile lateral drillout using lessons learned.

Chevron’s announcement comes on the heels of ExxonMobil’s announcement in December of a similar project to deliver natural gas-fueled electricity to US data centers.

The authors make the case that data science captures value in well construction when data-analysis methods, such as machine learning, are underpinned by first principles derived from physics and engineering and supported by deep domain expertise.