Asset Management
As 50-50 joint venture partners in Arrow Energy, the operator of the Surat Gas Project, Shell and PetroChina will share the AUD 713 million (USD 501 million) cost of Phase 3.
The ultrasonic wellbore imaging firm is being taken over by Blackstone, the world's largest alternative asset manager.
New geothermal technical content and programming will highlight knowledge transfer among oil and gas and geothermal professionals.
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Assets consolidated into the Searah JV include Eni-operated deepwater gas-condensate developments in the Kutei Basin, offshore East Kalimantan, Indonesia. -
Five agreements target more than 11 Tcf of offshore gas and include flare-reduction technology.
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Disputes over tanker fees and the ongoing military operation in Lebanon represent potential fault lines for the tentative peace deal.
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ExxonMobil and QatarEnergy’s MoU with Cairo to monetize Cyprus’ offshore Glaucus and Pegasus natural gas supports Egypt’s strategy to become the Eastern Mediterranean’s leading gas processing and LNG export hub.
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The new technology, recently highlighted at OTC, has received a statement of maturity from ABS.
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The deployment of a new heavy-duty robotic system aims to reduce workforce exposure to high-risk areas while improving detection of potential leaks.
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Production delivered by the subsea artificial lift system will equal that obtained by drilling two new wells, according to BP.
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Thanks to stepout-well and tieback technologies, Shell’s Mars platform is the first single offshore platform in the US Gulf to produce 1 billion bbl of crude over its lifetime with production expected to continue into the 2040s.
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The new guidelines were released prior to reports that enhanced geothermal developer Fervo Energy experienced a blowout in Utah with no reported injuries.
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Aramco says it has saved $770 million over the past 3 years from the $70 million it has invested over the same period in corrosion management technologies.
