Asset Management
This article from Murphy Oil outlines a modernization effort that resulted in increased scenario simulation capacity by five to 10 times.
The transaction is expected to strengthen the company's position in Alberta’s oil sands and unlock annual synergies of $54 million.
The transition away from materials that contain per- and polyfluoroalkyl substances (PFAS), co-called forever chemicals, creates an opportunity to preserve historical information. Information that appears to have little operational value today may later become important when organizations need to evaluate past PFAS use. Once that information is lost, recreating it may…
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Schlumberger has decided to quit the seismic acquisition business due to poor financial returns. -
Total just strengthened its presence in United States deepwater plays through an acquisition from Samson that gives the French company a 12.5% interest in blocks covering the Anchor discovery, one of the most significant recent finds in the Gulf of Mexico.
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Aqualis Offshore and Aker BP have signed a 5-year frame agreement. Aker was awarded 23 new production licenses by the Norway Ministry of Petroleum and Energy on 16 January.
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A US-government-sponsored program is putting new methane leak detection systems to the test with a goal of achieving functionality costs of $3,000/year/wellsite while hitting stringent performance criteria.
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The workflow aims to reduce the startup time of a subsea production system (SPS). A dynamic integrated model is used to adjust the scheduled SPS startup time. The model evaluates the dynamic simulation response of a large field startup by integrating a reservoir- and gathering-network model.
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The Technology Roadmap identifies R&D opportunities that will allow the US to be the leading producer of oil and gas into the future. The importance of technology transfer and time to commercialization is discussed.
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The company’s 31 licenses highlight a record-high total awarded during the latest APA round, which is aimed at developing mature areas of the NCS.
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SPE’s Aberdeen section has chosen the finalists for this year’s Offshore Achievement Awards, which will take place 22 March at the Aberdeen Exhibition and Conference Centre.
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Petrobras and Total have executed two major transactions involving deepwater, presalt development assets offshore Brazil, with Total becoming the first major international company to operate a Brazil presalt field.
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The industry has figured out how much opportunity lies in the Permian Basin’s Delaware subbasin, and the Delaware play is now dominating US unconventional oil activity, Citigroup’s Jeff Sieler told the SPE Gulf Coast Section reservoir group recently.
