Asset Management
With funding opportunities improving, developers and researchers are focused on shortening project learning cycles and reducing uncertainty to attract more capital and speed deployment.
The US Department of Energy has awarded more than $99 million to 21 projects that will advance geothermal development through field-scale testing of next-generation technologies and exploration drilling programs across the US.
By integrating reservoir simulation, probabilistic seismic hazard and risk assessment, and machine learning, this study provides a practical framework for translating complex geoscientific research into evidence-based policy and field operations, achieving measurable reductions in seismic risk indicators in the Groningen gas field.
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Considering three different climate pathways, the analysis says holding global temperature rise to 2°C by the end of the century remains possible, though increasingly challenging. -
Since the start of the Ukraine war, Norway has replaced Russia as the top gas supplier to the EU and Britain by maximizing its pipeline capacity and LNG volumes through its interests in export facilities in Norway and the US, as well as regasification in Europe.
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The shale revolution, the Paris Agreement, and the global pandemic each transformed energy markets. Now, industry leaders say energy pragmatism is emerging.
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The French major said it plans to fast-track the development of Acacia-5, expecting to increase production in Angola’s Block 17 by 6,000 B/D.
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More than a dozen companies have joined the advisory board of a new US Department of Energy center dedicated to expanding geothermal energy in the US.
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The latest edition of ISO 20815 extends the petroleum industry's production assurance and reliability management framework to carbon capture, hydrogen, ammonia, and wind assets.
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DNO outbid Genel Energy for the deal, which Genel said it may challenge, according to a filing with the London Stock Exchange.
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Under the agreement with PDVSA, Eni will oversee the field's technical, financial, and commercial management. Separately, independent energy company GeoPark has announced its strategic entry into Venezuela through the Bare Block, a large-scale heavy-oil-producing asset.
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Under a recently signed contract, the company will evaluate more than 120 wells across mature fields in an effort to optimize production.
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The startup company’s Midland Basin demonstration plant, located in the Permian Basin, takes a major step toward commercialization by proving its direct lithium extraction technology can refine battery-grade lithium carbonate from produced water under multiple 24/7 production cycles.
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