Asset/portfolio management
Two examples from ONGC show how supervised AI-driven automation scaled well modeling across hundreds of offshore wells, saving more than 1,000 engineering hours.
Examples demonstrate how an Integrated Operations Center as a Service (IOCaaS) model, powered by artificial intelligence, reduced costs by 5% and increased production by 6% in Canada.
Equatorial Guinea government formalizes deal that paves the way for Block I development.
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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. -
Independent producer divests interest in Buckskin field along with stakes in a pair of LLOG-led discoveries.
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Canadian independent sees divestment occurring in the first half of 2024, putting it out of the LNG business.
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The post-salt, heavy-oil fields will be developed in tandem tied back to an FPSO.
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The merged companies will emerge as a new company, Innovex International, increasing its global scale and footprint in growing markets.
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Ignis H2 Energy and Imeco Inter Sarana announced a strategic partnership to expedite geothermal development in Indonesia.
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Consortium suspends planned purchase of 50% stake in Israeli gas producer in light of ongoing military conflict in the region.
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Block 3B/4B is on trend with nearby Namibian discoveries Venus and Graff.
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While projects offshore Cyprus and Israel advance, Lebanon’s latest licensing round follows news that Eni, TotalEnergies, and QatarEnergy drilled a dry hole on Block 9 near the country’s maritime border with Israel.
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With negotiations dead on arrival with Russian independent major Lukoil, Iraq is asking Gazprom to take over development of the Nasiriyah oil field south of Baghdad.
