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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Effective data analysis depends on seeing connections that matter. Explore how Spotfire enables a more intuitive approach to understanding petroleum data.
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Appomattox begins production below cost and ahead of schedule in another optimistic sign of the offshore sector’s rebound. -
After suffering major setbacks, Chevron’s massive Big Foot project finally achieved first oil last November in the US Gulf of Mexico. With the setbacks in the rear-view mirror, project personnel spoke about the challenges.
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Petrobras says it can produce oil for a lower break-even price than onshore shale plays, including the Permian Basin. Brazil’s offshore sector has cut the cost of deepwater production but comparisons based on break-even prices are slippery.
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Equinor awarded a contract to Kaefer Energy AS for services within insulation, scaffolding, and surface treatment (ISO) on the Johan Sverdrup field. Awarded under an already existing framework agreement for operations, the contract has an estimated value of more than NOK 700 million. This includes both ordinary operations and maintenance work, and work associated with…
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The recent production freefall could accelerate even further as US sanctions-related deadlines pass, the US Energy Information Administration said.
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Santos signed a binding letter of intent to acquire a 14.3% interest in Petroleum Retention License 3, which contains the P’nyang natural gas field in Papua New Guinea.
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Construction for the field’s second processing platform begins on the same day the Norwegian authorities approved the plan for development and operation for the biggest field development on the Norwegian continental shelf.
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ExxonMobil has committed $100 million over 10 years to work with the National Renewable Energy Laboratory and the National Energy Technology Laboratory to bring lower-emissions technology to commercial scale.
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Weatherford said it will file for bankruptcy after reaching a deal with its biggest lenders to halve its debt load and provide financing during and after the process.
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When a rig is stacked, its owner has two choices: spend millions to keep it in good shape, or let it rust out. These two companies describe what it is like to maintain their assets for the day that a contract comes.
