Asset Management
The Absheron gas field expansion will supply additional natural gas to Azerbaijan’s domestic market and support its export commitments to Turkey, allowing Baku to stay focused on meeting its gas export obligations to Europe.
Trafigura will purchase 100,000 metric tons of battery-grade lithium products under a decade-long take-or-pay contract valued at over $2 billion.
A credible custody-transfer record depends on far more than the accuracy of a single meter. It is the product of an integrated measurement chain. While meter performance supports measurement-system integrity, commercial confidence also depends on traceability, governance, and authorization.
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Take a quick look at some of the data points shaping upstream headlines and the movement of oil supplies around the world. -
Colombia now counts Repsol, ExxonMobil, Shell, and Noble Energy as companies committed to exploration in its portion of the Caribbean Sea.
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McDermott will work exclusively with Zamil Offshore to provide Saudi Aramco with maintenance, modifications and operations services.
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The US Department of Energy has announced up to $20 million in federal funding for cooperative agreements that will help accelerate the deployment of carbon capture, utilization, and storage.
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The startup of a second FPSO will add 115,000 BOPD to the deepwater project offshore Angola, bringing overall production capacity to 230,000 BOPD.
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Companies are feeling reverberations in production, capacity, and inventory throughout the supply chain. But there are several ways that operators and service providers can mitigate this “bullwhip effect.”
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Another industry report issued last month touts the coming gains in US shale, predicting that the country will soon be the largest oil producer and possibly exporter in the world.
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Fed by big data loads from big operators, a university consortium and software firm are each working to make upstream data access as quick and easy as a Google search.
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If sanctioned and developed, the deepwater Pecan field would be Ghana’s fourth producing offshore field. First oil is expected 35 months after sanction, which could come as early as this year.
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Noble’s farm-in to blocks recently awarded to Shell marks the Houston-based independent’s entry into Colombia, where the government hopes to boost offshore exploration.
