Asset Management
The deal includes Waygate’s inspection portfolios and is expected to close later this year.
An asset swap with PDVSA helps consolidate the supermajor’s heavy-oil operations in the country.
Co-owner Chevron confirmed the find at the Bandit prospect offshore Louisiana and suggested it may become a subsea tieback to existing faciltiies operated by Occidental Petroleum.
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The continued collaboration of the oil and gas industry with other technological sectors is crucial for its success. SPE has itself been a catalyst for collaboration in the industry through the events it organizes and with other societies to bring together practitioners from different disciplines.
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Keeping your finger on the pulse of change requires diligence. Moving forward requires leaders, but without our commitment, the progress lags or stalls out.
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As Canada, Greenland, and even Norway shy away from developing their Arctic oil and gas resources, only Russia and the US remain in the game as Alaska seeks to renew interest in exploration and development of its North Slope.
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Tract is turned back by BP after operator fails to meet drilling obligation.
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Last year’s GOM auction received high bids on just 93 blocks. Higher oil prices could attract bidders back to the planned lease sale.
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A recent survey presented by the Dallas Fed offers hints to why production in Texas and neighboring states has not seen a boost from rising prices. One big problem? Workers.
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Kamel Ben-Naceur sees petroleum engineering as essential to the energy transition not only because of the continued role that oil and gas will play in the energy mix moving forward but also because the skills of the profession are foundational and transferable.
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The consortium partners are focused on revitalizing mature fields.
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Organizers of the Oil & Gas Authority’s decarbonization competition are looking for ideas to bring electrification and an integrated energy basin closer to reality.