Business/economics
Output is rising fast in the South American shale play and putting Argentina on a course to soon reach 1 million B/D.
Ultradeepwater prospects along the northern coast of Brazil could help offset decline in legacy basins, though permitting hurdles remain a wild card.
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.
-
Only about one-third of Africa’s discovered hydrocarbon resources have reached commercialization. -
The authors of this paper apply a deep-learning model for multivariate forecasting of oil production and carbon-dioxide-sequestration efficiency across a range of water-alternating-gas scenarios using field data from six legacy carbon-dioxide enhanced-oil-recovery projects.
-
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.
-
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.
-
The Nigerian Upstream Petroleum Regulatory Commission has set its sights on anticorruption efforts for the 2025 Licensing Round, which began on 1 December.
-
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.
-
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.
-
The transition follows a broader effort within BP to reorganize management and direct more capital to oil and gas projects.
-
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.
