Asset Management
The long-term outlook analysis says a potential shift toward new construction could push 2026 production 3% above 2025 levels.
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 expands Cenovus’ SAGD footprint with three Alberta assets.
-
The EU has voted to immediately ban Russian oil imports supplied by tanker, a two-thirds cut in deliveries, while member states aim for a 90% import shutdown by yearend when Germany and Poland have pledged to phase out their Russian pipeline supplies. -
In three separate incidents over the past 2 months, Chinese law enforcement vessels have challenged marine research and hydrocarbon exploration activities within the Philippines’ exclusive economic zone in the South China Sea.
-
A group of 10 Republican states had petitioned the court to restrain the Biden administration from using the metric while their legal challenge was moving through the court system. The court denied that request in a one-line order but did not rule on the legality of the metric itself.
-
The US has extended Chevron’s waiver to maintain its assets in sanctioned Venezuela through the end of November 2022 under the same limited terms as the previous extension.
-
The exit comes after Equinor's presence of more than 30 years with the transfer of its interests in joint ventures to Rosneft and its stake in the Kharyaga PSA to operator Zarubezhneftegaz.
-
The Barents Sea is the gift that keeps on giving for Equnior which has made its 10th sizeable discovery within the same license area.
-
This study provides a comprehensive overview of the current status of renewable-energy resources, energy-transition efforts, and the future of conventional and unconventional oil and gas resources in California.
-
Hydrogen fuels, storage, and production projects are on the go, while CCS and wind projects receive significant international boosts from the likes of INPEX, Chevron, Equinor, and Eni and Amazon splashes cash for more than three dozen renewables projects.
-
Upon closing, the newly combined oil company will boast 135,000 BOE/D and hold around 15 years’ worth of drilling locations in the Permian Basin.
-
Tanker transit statistics via the Suez Canal broke historic records in April as Europe sought to import more crude oil and LNG from the Arab Gulf to replace traditional supplies from Russia.
