Business/economics
The cloud platform provider said the initiative is designed to help energy companies manage and analyze large-scale operational data.
The deal positions the merged company to benefit from an expected offshore drilling upcycle.
Suspended by force majeure since the spring of 2021, work on the Mozambique LNG project has restarted with over 4,000 workers now engaged onshore and offshore to meet a 2029 deadline for first LNG.
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The Omicron variant has spooked global markets and sent crude prices tumbling by more than $10/bbl since it was discovered in late November. -
This case history explores a multiwell sectional development in the Delaware Basin by a small operator who reduced drilling and completion costs, along with lease operating expenses, by turning undesirable produced water into an asset.
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The paper provides insight into managing reserves and resource information during a merger through description of a case study.
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Gazprom Neft Courts Middle East NOCs With Digital Technologies as it Seeks Bigger Role in the RegionA delegation from the Moscow-headquartered oil company recently visited Dubai with a slew of advanced technologies to see if anyone was interested in making a deal.
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The authors present a countrywide benchmarking of ultimate recovery factor for oil reservoirs in Kuwait.
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The authors write that the deterministic incremental reserve assessment method may mislead investors if used wrongly.
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Norwegian operator sells its nonoperated stake in the Corrib gas project
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Asset sale includes stakes in the Mariner and Culzean projects in the North Sea.
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Oil-consuming nations announced a big push to drive down oil prices. Next week, it’s OPEC’s turn to respond to that move.
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French major plans to spend $2 billion on the Libyan field to raise production to 100,000 B/D, and add solar power to the national grid.
