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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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. -
This paper presents a summary of the results of a study of the potential for repurposing legacy oil and gas facilities in the Gulf of Mexico for uses in a blue economy.
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The deepwater find will now be delineated to verify size.
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The new well results boost Baleine field volumes in place by 25%.
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The operator expects most of the field’s estimated 90 million BOE to be oil.
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The project comprises a pair of subsea wells tied back to the host spar.
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If successful, the production could be tied back to the nearby Gjoa platform.
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Target sands for the Beebei-Potaro well find water.
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Fast-track development options are currently under review for the discovery.
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The authors of this paper describe a holistic approach toward integrating alternative fuels and novel prime movers into life-cycle performance of offshore vessels.
