Business/economics
Months of due diligence and evaluation following proposed $18.7 billion deal results in no deal to purchase Australian operator.
The deal between the Republic of the Congo and the Chinese oil and gas company aims to develop the Banga Kayo, Holmoni, and Cayo blocks and raise national oil output to 200,000 B/D by 2030.
The companies said they plan to start deploying digital twin technologies in Oman this year.
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The latest move to reduce output requirements comes after the coalition lowered its expectations for surplus crude in the market. -
ExxonMobil and Shell announced on 1 September that they have agreed to divest their 25-year-old joint venture Aera Energy. The California-based subsidiary reported an average production rate of almost 95,000 BOE/D in 2021, representing nearly a quarter of the state's total oil and gas output.
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Oil and gas maintenance managers rank reliability of equipment and an overload of new processes and procedures to follow as top concerns in a new survey.
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This paper describes a novel distributed quasi-Newton derivative-free optimization method for reservoir-performance-optimization problems.
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The complete paper builds on existing tools in the literature to quantify the effect of changing well spacing on well productivity for a given completion design, using a new, simple, intuitive empirical equation.
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This paper describes a development plan for an oil field discovered in a remote offshore environment in the Niger Delta that uses a probabilistic approach to estimate the STOOIP using low, mid, and high cases.
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SPE has established three new technical sections—the Management Technical Section, the Methane Emissions Management Technical Section, and the Data Science & Engineering Analytics Technical Section.
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An oil supertanker that Nigeria tried to seize has been stuck off the coast of nearby Equatorial Guinea for more than 10 days, where it was impounded by local authorities.
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A Schlumberger, Aker Solutions, and Subsea 7 partnership will collaborate on international subsea projects.
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After showing an unexpected degree of resiliency, the brunt of embargoes and economic contraction are set to impose yet another big hit to Russia's output.
