Asset Management
Known as Arena, the collaboration aims to improve decision-making across increasingly complex reservoirs and growing volumes of subsurface data.
Robotic and autonomous systems are transforming energy operations, but their full value emerges only when paired with data science, engineering analytics, and AI/ML to turn data into decisions. The transition of the SPE Robotic & Autonomous Systems Technical Section into the SPE Data Science & Engineering Analytics Technical Section helps bridge this critical technolo…
Trafigura will purchase 100,000 metric tons of battery-grade lithium products under a decade-long take-or-pay contract valued at over $2 billion.
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The French operator plans to drill the first exploration well on an onshore tract during 2023. -
US GOM players have come out of the pandemic slowdown with new perspectives on spending and cycle times and are targeting finds that can utilize existing hardware instead of those that require new iron.
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The next drilling target will look for reserves in three different plays in Louisiana.
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Petrobras will continue to operate the assets following the selldown of working interest.
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The acquisition plan supplants earlier merger agreement with new terms and a potential faster timeline for the combination.
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A leaner and wiser Weatherford seeks new Middle East contracts while growing margins and market share on existing business.
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The US supermajor has made more than 30 discoveries offshore the South American country since exploration efforts began in 2015.
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The world's two largest oilfield service outfits are riding a wave a renewed upstream spending while Baker Hughes posted its second straight quarterly loss.
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Whether its onshore or offshore, China is OK with drilling deeper to secure new gas reserves.
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In following some of the upstream industry's other big firms, the legacy oilfield service company believes the time for a change has come.
