Business/economics
Only about one-third of Africa’s discovered hydrocarbon resources have reached commercialization.
Optimization of water-alternating-gas (WAG) processes is critical for maximizing both oil recovery and carbon-sequestration efficiency in CO2 enhanced oil recovery (EOR) projects. Conventional optimization using simulation models can be cumbersome because of the vast design space and high uncertainty. In this study, a deep-learning model, the temporal fusion transform…
This paper explores the evolving role of the digital petroleum engineer, examines the core technologies they use, assesses the challenges they face, and projects future industry trends.
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A presidential decree extends ExxonMobil’s chance to possibly recoup part of the $4.6 billion loss it suffered after exiting its flagship Russian asset in spring 2022. -
The $1.3-billion deal targets DJ Basin assets producing 35,000 BOEPD, and Japex aims to increase that output to 50,000 BOEPD around 2030.
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The Nigerian Upstream Petroleum Regulatory Commission has set its sights on anti-corruption efforts for the 2025 Licensing Round, which began on 1 December.
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The latest corporate plan drops the amount the company says it will invest in low-carbon efforts by $10 billion from last year’s plan.
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The Federal Reserve Bank of Dallas’ fourth-quarter energy survey shows that oil prices and geopolitical uncertainty are curbing enthusiasm heading into the new year.
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The transition follows a broader effort within BP to reorganize management and direct more capital to oil and gas projects.
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Fugro’s entry into the UK’s small modular reactor market follows its breakthrough in the US, where it secured a contract in February to perform a geoscience site investigation for the recommissioned Palisades Nuclear Power Plant in Michigan.
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Deepwater blocks drew most of the attention in the first lease sale for the offshore region to be held in 2 years.
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Project financing raised by JP Morgan will enable YPF and its partners Eni and ADNOC’s XRG to launch Phase 2 of Argentina LNG, boosting production to 18 mtpa by 2030–2031.
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The Denver-headquartered shale producer will become a pure-play operator of the Marcellus Shale in West Virginia.
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