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.
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The decision comes after an environmental review showed that the floating production, storage, and offloading vessel-based development was unlikely to cause negative environmental effects. -
Supermajors continue to align their goals with a net-zero future while strides are made across the globe to add CCS, solar, and wind projects to help achieve ambitious green energy goals.
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The surge in oil and gas prices has reminded Europeans that they still need hydrocarbons and reminds them why they want to replace them.
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Among the biggest questions for crude markets today is where Russia’s export volumes are headed and to whom.
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Russian producer takes over program left by bankrupt Fieldwood Energy.
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Saudi looks to increase natural gas role in electricity production.
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How to use the new SPE Competency Matrices to prepare for the SPE Certification Exam and the SPE Competency Management Tool to address skills gaps to excel in the energy industry in the 21st century.
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Brazilian state oil company looks to divest interests in the GOM.
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New discovery could hold 100 million barrels of oil.
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A system that could help turn stranded-gas fields into producing projects has moved closer to reality, aided by the growing focus on reductions in carbon emissions.
