Asset Management
Weatherford CEO Girish K. Saligram said the acquisition will bolster Weatherford’s completions offerings and unconventional reservoir capabilities.
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.
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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Sale includes stake in the Abadi gas project. -
The energy ministry instructed a shutdown following Hamas missile strikes.
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Total structure discovered could hold as much as 5 Tcf of gas in place.
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Studies center on subsea wells connected to an FPSO.
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The best wells in which to find lithium are in old conventional fields where rusty pump jacks are pulling out mostly water.
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Find could hold as much as 130 million BOE.
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The $32-million deal nets producer proved reserves of 3.2 million BOE.
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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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Nation also changes fiscal regime to attract new investment.
