Asset Management
The long-term outlook analysis says a potential shift toward new construction could push 2026 production 3% above 2025 levels.
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.
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The deal will see the gradual elimination of the production cuts that at the beginning of the pandemic totaled nearly 9.7 million B/D. -
Russian oil major Lukoil expanded its Gulf of Mexico presence, acquiring a 50% operator interest in Mexico’s Area 4 offshore license area.
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Data from the US Bureau of Labor Statistics point to a fourth consecutive month of job growth in the sector, led by Texas additions.
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The latest move by Tellurian signifies a business model change from a financial partnership with LNG users to sales to traders.
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The new partnership will look to stabilize the energy supply chain in an environment of change for the industry.
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A new report finds that, as many nations lost billions in recoverable reserves last year, the smaller footprint may put the industry on course to align with the world's climate targets.
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With a boom in offshore wind construction expected to start in 2025, Subsea 7 is dealing now to grab a larger share of this burgeoning sector.
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As a global pandemic continues, the London-based company's annual lookback has found that last year's pain was not shared evenly across the energy spectrum.
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The solution to solving the engagement enigma may be clearly demonstrated by the 4Cs—career, competence, care, and culture—which show that the key process to ensure engagement is the underlying synergy created by starting a career, acquiring competence, demonstrating care, and creating a transparent feedback culture throughout an organization by encouraging continual …
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The Zama field was once considered the ideal result of Mexico's energy reforms that sought to bolster the country's oil and gas output by inviting private companies to participate in the energy sector.
