Asset Management
Winners of Alberta's Drilling Technology Challenge cover a range of technologies from robotics to enhance drilling rig safety to AI-enabled energy management, downhole sensing, well navigation, hybrid power systems, and geothermal energy.
The transaction broadens the company's North Sea footprint with long-life assets that boost production and reserves.
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The Anchor development in the US Gulf of Mexico is the first ultra-high-pressure project requiring 20-ksi operating pressure to reach a final investment decision. -
The US major will keep its overall budget flat for a third straight year, but the expectation of lower oil and gas prices long-term will result in tax impairment charges of $10 billion–$11 billion. More than half of those charges will come from its Appalachia Shale gas assets.
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Hamm, who has served as CEO since founding Continental in 1967, will become executive chairman effective 1 January.
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The data analytics firm projects US dry gas output growth will shrink to 2 Bcf/D next year from 8–9 Bcf/D in 2018 and 2019.
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The resignations come as the company makes downward revisions to its production guidance after a disappointing performance from its TEN and Jubilee fields offshore Ghana.
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Total will invest $650 million in the development of two main projects, North Gialo and NC 98, resulting in a 180,000-B/D increase in production.
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Under the agreement, the Oklahoma City independent will monetize half of its working interest in 133 undrilled locations in the form of a $100-million drilling carry during the next 4 years.
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The Quesqui field is expected to be the biggest onshore find in Mexico since 1987.
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The group will shed an additional 500,000 B/D of oil production through March 2020, bringing the total curtailment to 1.7 million B/D.
