Asset/portfolio management
The supermajor expects output to double to about 600,000 B/D as a result of a new agreement with one of its joint ventures in Venezuela.
This paper aims to optimize well trajectories in offshore reservoir development by applying a Pareto-based multiobjective approach.
Oil prices are high, but spending has not caught up—yet. Meanwhile, exploration strategies are changing around the world toward a lower-risk model, and the frenzied pace of US M&A has very much cooled off.
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This article from the SPE Research and Development Technical Section offers new insights to how the upstream industry can benefit from the emergence of quantum computing. -
The sale of Woodside’s Calypso stake to BP completes the company’s withdrawal from Trinidad and Tobago after decades of operations in the country.
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Sixteen companies submitted 69 bids worth $99.5 million in the Big Beautiful Gulf 3 sale.
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Hungary’s MOL Group captures a major project within the EU and its largest upstream opportunity since it farmed into in Azerbaijan’s ACG offshore field.
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As the company works to realign its portfolio, it puts its North Sea assets in the crosshairs.
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The transaction broadens the company's North Sea footprint with long-life assets that boost production and reserves.
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The deal adds over 1,000 potential drilling locations and almost doubles oil production for Houston-based Magnolia.
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The deal is the largest acquisition in Mitsubishi Corp.'s history and adds one of North America's leading shale gas assets to its portfolio.
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The supermajor said the fields are not expected to contribute meaningfully to its production profile by 2030.
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The next wave of unconventional growth will likely come from basins in Argentina, the Middle East, Australia, and elsewhere, fueled by expertise gained from shale plays in North America.
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