Asset/portfolio management
The deal adds 40,000 B/D of production and expands Cenovus’ SAGD footprint with three Alberta assets.
The Federal Reserve Bank of Dallas’ third-quarter energy survey reflects industry views on the drawdown of the US Strategic Petroleum Reserve, the outlook for Persian Gulf crude exports, and expectations for oil prices.
As the pace of new discoveries slows and high-quality prospects become harder to find, oil companies may need to rely more heavily on mature fields to maintain production and support future supply.
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This year’s selection clearly shows where the interest lies in the economics, the Petroleum Resources Management System, and management decision-making. -
At SPE’s Permian Basin Energy Conference, operators shared behind-the-scenes details on innovations such as drilling horseshoe wells and trimulfrac completions along with in-basin challenges such as handling produced water.
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The new partnership assets include pipelines in Pennsylvania, Ohio, and West Virginia serving the Marcellus and Utica shales.
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The deal expands ONEOK’s gas transmission and processing footprint in the Permian, Louisiana, and Oklahoma.
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The deal follows an asset swap on the same acreage earlier in the year and increases Equinor’s natural gas holdings in the region.
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Following 2 years of setbacks, the deal to shift the US supermajor’s assets to a local operator has finally closed.
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The third quarter marked the first reporting period that two publicly traded US oil and gas companies did not combine since 2022.
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Awards related to the 2024 APA round are expected to be announced in early 2025.
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India’s state oil company is accepting proposals from potential technical service partners until 15 September for EOR projects in the Arabian Sea.
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The acquisition marks a significant step forward in H&P’s international expansion strategy.
