Asset Management
The long-term outlook analysis says a potential shift toward new construction could push 2026 production 3% above 2025 levels.
Lower operating expenditures and a changing asset mix helped UKCS operators cut average production costs by 9% year over year, despite relatively flat production levels, according to the NSTA.
The deal adds 40,000 B/D of production and expands Cenovus’ SAGD footprint with three Alberta assets.
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Project consists of two production wells and a subsea tieback to ETAP. -
The Biden Administration plans for a maximum of three lease sales in the Gulf of Mexico from 2024 to 2029.
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The company is set to supply offshore well services and subsea systems for Vår Energi-operated fields on the Norwegian Continental Shelf.
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The 187-MW Peacock Solar project, expected to come online in the second half of 2024, is designed to help power a Gulf Coast Growth Ventures petrochemical complex.
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Operator pays $400 million for a 40% stake in tract that contains the $6-billion Cameia/Golfinho project.
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The heated global jackup rig market has day rates for premium units climbing higher.
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Production from the field northwest of the Shetland Islands is expected to start in 2026 or 2027.
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The oil and gas industry-backed geothermal firm plans to drill up to 29 wells in southwestern Utah that will deliver electricity to the state's grid by 2026.
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The development scheme for BM-C-33 includes an FPSO capable of processing gas and condensate without further onshore processing.
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The contractor will transport and install pipeline related to the Wahoo development in the Campos Basin.
