Asset Management
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.
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.
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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The $32-million deal nets producer proved reserves of 3.2 million BOE. -
As money pours into the space, questions arise about whether the method of removing carbon from the atmosphere is the best investment.
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The oil and gas industry is embracing digital technology not just as a differentiator but as an enabler of innovation. The simple reality is that, if one doesn’t, they risk being out of the game.
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New terms would allow contractors more than 50% equity share in some new blocks.
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BP, QatarEnergy and Zarubezhneft were among the other winners.
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In this podcast episode and transcript, Terry Palisch talks about the impact of the energy transition on the industry and technology and how SPE is helping its members adjust to the shifting landscape.
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A gold strike was announced in October. But in this case the gold was naturally occurring hydrogen in a former coal basin in France.
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The oil and gas industry’s sustainability and success depend on its ability to cultivate and nurture a skilled and knowledgeable workforce.
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This paper presents a systematic review of the largest alkaline-surfactant-polymer flood project in the world, applied to the largest oil field in China.
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The authors of this paper write that computationally coupled models enable swift, accurate, and engineered decision-making for optimal asset development.
