Asset Management
The technology has passed its first phase of qualification, with 84 nodes placed on the seafloor at a depth of 2,000 m to acquire 4D seismic data in the pre-salt Santos Basin.
Assets consolidated into the Searah JV include Eni-operated deepwater gas-condensate developments in the Kutei Basin, offshore East Kalimantan, Indonesia.
Five agreements target more than 11 Tcf of offshore gas and include flare-reduction technology.
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SLB's and Baker Hughes' partnerships with NVIDIA and Google Cloud, respectively, will develop advanced AI-enabled power optimization and sustainability solutions for the global data center sector. -
The rise in China’s gas production, now exceeding that of Qatar and of Australia, is also limiting growth in its LNG demand.
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TotalEnergies will instead invest in the Rio Grande LNG plant, upstream conventional oil development in the US Gulf of Mexico, and shale-gas production.
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Equinor said it found between 14 million and 24 million BOE with its most recent exploration well in the Polynya Tubåen prospect.
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ExxonMobil's Jason Gahr uses the five stages of grief to explain how the upstream industry should respond to the rise of AI.
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BP sanctioned development of the Kaskida in 2024, with first oil from the high-pressure project expected in 2029.
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SPE’s newest technical community, the Critical Minerals Technical Section, aims to connect petroleum expertise with emerging opportunities to extract lithium, rare earth elements, and other critical minerals from subsurface reservoirs and industrial brines.
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Companies largely focused on deepwater acreage in the second Gulf lease sale held under the One Big Beautiful Bill Act.
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Initiative identified as the single highest-priority action to support geothermal capital market creation following a 2-year expert analysis of financial barriers to exponential-scale geothermal development.
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Seventeen companies, including four small businesses, were recognized this year for their demonstrated advancements in the industry.
