Business/economics
Lower operating expenditures and a changing asset mix helped UKCS operators cut average production costs by 9% year over year, despite relatively flat production levels, according to the NSTA.
The deal adds 40,000 B/D of production and epands 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.
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BW Offshore has signed an extension with Eni subsidiary Nigerian Agip Exploration for the use of the Abo FPSO until the end of 4Q 2020, with options until 4Q 2021. The FPSO has operated at the Abo field offshore Nigeria since 2003. It has a production capacity of 44,000 B/D of oil, a water injection capacity of 33,000 B/D, gas compression capacity of 48.4 MMcf/D, and …
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As capital markets dry up and shale producers look for pathways to growth, oil and gas data analytics firm Enverus predicts the US sector will see a “surge” in mergers and acquisitions in 2020. -
Merging new knowledge and technological capabilities among the disciplines—and beyond—will be crucial to sustaining the industry for the long term.
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With international spot trade of gas increasing and public pressure growing for cleaner fuels, the world's major gas producers believe the time is finally right to become a major force in global energy markets.
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The depth of the world’s offshore projects has steadily increased over the past 30 years—and so has its production base. The growth trend will continue thanks to new fields offshore Brazil, Guyana, and the US.
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The most read stories reflect interest in the digital transformation, the energy transition, and shale operations.
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Devon exits the asset that served as the company’s cornerstone for almost two decades and is known to the world as the birthplace of the shale revolution.
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Reduced investment in US shale will continue to weigh down the global oilfield services market through 2020.
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Total has agreed to acquire interests in two blocks in the offshore Kwanza Basin from Angola’s state-owned Sonangol and has received an extension on its offshore Block 17 production licenses.
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BP has signed a deal with a joint venture between Petrofac and SOCAR, the Azeri state oil company, to support its osshore and onshore operations in the Caspian Sea. These include the offshore Azeri-Chirag-Gunashli and Shah Deniz fields, along with the associated Baku-Tbilisi-Ceyhan pipeline, the South Caucasus pipeline, and the Western Route export pipeline.
