Asset Management
Saipem has launched offshore operations in Suriname, while Repsol is expanding exploration efforts in Venezuela and partnering with MOL Group and TPAO in the Mediterranean. Petronas, Shell, and Murphy Oil reported new discoveries in Suriname, Namibia, and Côte d’Ivoire, respectively, as Occidental acquired a stake offshore Trinidad and Tobago and BP began gas producti…
Output is rising fast in the South American shale play and putting Argentina on a course to soon reach 1 million B/D.
The US federal government is working to stymie offshore wind power, but proponents aren’t going quietly. Armed with data, they are taking on a sea of misinformation and hostility to defend the burgeoning resource in the US, while the rest of the world moves ahead briskly.
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Xu outlines the thinking and theories that led his team to six world-class oil discoveries that total more than 100 million tons of proven geological reserves since 2021. -
The deal adds physics-based reservoir modeling and real-time decision workflows to SLB’s digital portfolio.
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Weatherford CEO Girish K. Saligram said the acquisition will bolster Weatherford’s completions offerings and unconventional reservoir capabilities.
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New insights from Chevron, Occidental Petroleum, and others at the SPE Improved Oil Recovery Conference highlight the different paths companies are using to squeeze more out of tight rocks.
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An update on SPE’s path to financial sustainability: stronger revenues, new partnerships, and emerging opportunities—from geothermal initiatives to AI-driven licensing—are improving the outlook. While challenges remain, recent progress highlights a more resilient Society and a forward-looking strategy focused on long-term member value.
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Since the US arrested and removed Venezuelan President Nicolás Maduro on 3 January 2026, all eyes have turned toward the country’s vast oil reserves, the largest of any country. From 2005 to 2024, oil production in Venezuela fell by 70%, from 3.1 million B/D to just 0.9 million B/D. The race is on to bring production back, but aging infrastructure and expatriation pre…
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New technical papers suggest advanced robotic systems may not be far away from broad adoption for a large share of offshore inspection and intervention.
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INEOS Energy and Shell have partnered to invest in Gulf of Mexico exploration, while Eni reported strong productivity from its Geliga 1 discovery in Indonesia. Santos is advancing its Agogo project in Papua New Guinea, and ConocoPhillips received approval to redevelop several previously producing oil fields in Norway’s Greater Ekofisk Area.
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This paper details a new enhanced oil recovery method piloted successfully by several operators in the Bakken and recently implemented in the Midland play of the Permian Basin.
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This paper presents a case study of oriented tubing-conveyed perforation followed by an acidizing operation to overcome technical challenges posed by a depleted reservoir targeted for a carbon capture, utilization, and storage project.
