Asset Management

A new licensing deal with ZL Chemicals will make Chevron’s unconventional EOR technology available to other tight-oil producers.

Crude benchmarks spiked amid concerns that the US-Iran ceasefire is collapsing as commercial shipping comes under renewed attack.

The company’s millimeter wave drilling system is approaching a depth of 1 km at its Central Texas site. The recent funding is earmarked for Project Obsidian in Central Oregon, which Quaise calls the world’s first commercial superhot geothermal power plant.

Schneider Electric says the deal advances its vision of creating intelligent industrial ecosystems that connect physical assets with digital insights across the asset life cycle.

The events will be co-located 3–5 May 2027 at Reliant Park in Houston, Texas.

The firm’s latest analysis puts the bulk of the blame on a fragmented supply chain.

The supermajor said the fields are not expected to contribute meaningfully to its production profile by 2030.

With the latest addition, the Italian major’s computational capacity passes the exaflop threshold, making the firm the world’s leading company by computing power in the new TOP500 global ranking.

Saipem has launched offshore operations in Suriname, while Repsol is expanding exploration efforts in Venezuela and partnering with MOL Group and TPAO in the Mediterranean. Petronas, Shell, and Murphy Oil reported new discoveries in Suriname, Namibia, and Côte d’Ivoire, respectively, as Occidental acquired a stake offshore Trinidad and Tobago and BP began gas producti…

Output is rising fast in the South American shale play and putting Argentina on a course to soon reach 1 million B/D.