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 acquisition of Crestwood Equity Partners extends Energy Transfer’s position deeper into the Williston and Permian basins and provides entry into the Powder River Basin. -
A $700-million deal completes the operator's strategy to focus on its gas-rich developments in Pennsylvania and Louisiana.
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OMV’s discovery of a domestic gas resource coincides with its agreement to import LNG from BP to be regasified in Rotterdam, as Austria knits together a strategy to ensure its energy security.
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An Energy Industries Council survey of nearly 100 energy supply chain leaders finds that a lack of "consistent and profitable work in green projects" prompts a return to oil and gas projects.
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Petronas and Pertamina purchase 35% stake in offshore Indonesia parcel which contains the Abadi gas project.
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Public companies shoring up inventory leads to a shift in Permian asset ownership.
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The contract calls for Baker Hughes to supply equipment for three liquefaction trains for the project located in Brownsville, Texas.
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The contract awarded by MODEC is for the supply of gas technology equipment for installation on the project’s FPSO.
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Private-equity producer adds over 160,000 acres in Wyoming’s Powder River Basin oil play.
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The offering includes automatic evaluation of project economics and enhances collaboration to cut the time required for field development planning by up to 50%, according to the companies.
