Asset Management
The declaration builds on a memorandum of understanding the partners signed with Egypt in May to process Block 10 gas at the country’s LNG export and domestic gas facilities.
Alongside the new subsea awards, Equinor strengthened its position in the 400-million-bbl Bay du Nord development by acquiring BP’s interest in the project.
A new licensing deal with ZL Chemicals will make Chevron’s unconventional EOR technology available to other tight-oil producers.
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A 25th licensing round on the Norwegian Continental Shelf has been announced. -
With a replacement gas injection system successfully installed, the Liza Destiny FPSO has reached its peak capacity of 120,000 B/D on the one-year anniversary of its commissioning.
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Sponsored2020 was a pivotal year for the energy industry. As we look to the future, how can we leverage our collective knowledge to make step-change improvements to our operations and field development programs? Capitalize on a new learning opportunity that will help make our next chapter our finest.
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The two oil companies will spend more than $400 million to find targets in the expansive offshore area that is currently the subject of the world’s largest 3D survey.
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The new field is the fourth exploration well the operator has drilled offshore Norway in the past 16 months.
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Aside from being the right thing to do, improving labor rights and worker welfare has a compelling commercial case. When workers are happy and engaged, they tend to work more safely and efficiently and the risk of delays and disputes is minimized.
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Shell ended the year by announcing more writedowns, pushing the total near $22 billion, and raising questions about the future of its Appomattox platform in the Gulf of Mexico
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In a year defined by a historically harsh oil-price crash that rippled with collateral damage across the industry, the most-read JPT report of 2020 was about a well so different, it needed a new name.
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The two deals have a combined valued of $3 billion and involve more than 81,500 acres in the Midland Basin of Texas.
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Technology company Proserv Controls has formed an alliance with software engineering firm Intelligent Plant in an effort to combine their expertise to improve control systems and data analysis.
