Asset Management
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 epands Cenovus’ SAGD footprint with three Alberta assets.
The Federal Reserve Bank of Dallas’ third-quarter energy survey reflects industry views on the drawdown of the US Strategic Petroleum Reserve, the outlook for Persian Gulf crude exports, and expectations for oil prices.
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The contractor will execute the work scope jointly with Canadian subcontractor Hatch. -
The nation set to offer 14 offshore blocks in April.
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The operator adds equity interests in five discoveries in the region.
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Initial production rates have exceeded 10,000 B/D of oil.
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Production-sharing contracts sold were in the Baram Delta region.
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Two US test sites have fractured hot, dry rock with plans to create a network of fractures for water heating. They will soon find out if the fractures worked as expected.
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The coupled geomechanical and dynamic flow simulation work flow described in this paper relies on a multidisciplinary approach to meet future peak gas demands and support clean-energy initiatives.
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The technology and knowledge base of the E&P sector is poised to play a major role in the newer, lower-carbon energy economy.
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Ministry takes to Twitter to reveal new oil concession round coming soon.
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South Bohai Sea find offers up light crude bounty.
