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 deal enhances the contractor’s presence in West Africa and provides for expansion in Southeast Asia. -
Billed as the world’s longest AC power-from-shore project, Aker BP’s NOA Fulla field and Equinor’s Krafla field in the North Sea will be powered from the mainland by renewable hydropower.
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The energy transition and digitalization transition are not to be feared. While the rate of change will accelerate, very little of true value will be lost and the transitions instead offer a variety of incremental opportunities, especially for members of the production and facilities community.
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The White House has made its latest move against Russian oil and gas interests as it acknowledged that its European partners are not able to take such drastic steps.
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Oil producers encountering pockets of methane typically use flare stacks to burn off the vented gas. However, winds blowing across conventional open flame burners often result in 40% or more of the methane escaping into the air.
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Criterion Energy Partners' immediate focus is to deliver direct heat and power to industrial customers in the Texas Gulf Coast region.
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Oilfield services giant is the latest to receive a contract related to TotalEnergies’ $10-billion Ugandan development.
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The combined company will control almost 1 million acres in the Williston Basin and daily production over 165,000 BOE/D.
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During a fireside chat on SPE Live, Iman Hill, the executive director of the International Association of Oil and Gas Producers, discussed market recovery, the energy transition, diversity in the oil and gas industry, and the future of the industry.
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The largest US oil and gas company is ending its 25-year presence in Russia following its invasion of Ukraine and subsequent international sanctions.
