Asset Management
The GRMS system of standardization and classification for geothermal resources, led by a coalition of stakeholders in collaboration with Project InnerSpace and the Society of Petroleum Engineers, will be published in November.
Argentina’s President Javier Milei met with TotalEnergies CEO Patrick Pouyanné and Eni CEO Claudio Descalzi in Paris to discuss Argentina’s energy sector, including projects linked to the Vaca Muerta shale formation and the development of the Argentina LNG export project.
Known as Arena, the collaboration aims to improve decision-making across increasingly complex reservoirs and growing volumes of subsurface data.
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Halliburton and Baker Hughes both forecast moderate growth in their latest quarterly earnings reports. -
Petroleum engineering will be needed for decades to come to provide the required energy for the world and help alleviate the challenges of climate change. It will evolve into energy transition as it has been changing since its inception in modern history.
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SwRI’s EZ Flow treatment process is intended to cut down on cost and energy intensity of heavy-crude pipeline transportation.
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Chevron is having to drill a fifth production well at Israel’s Leviathan natural gas and gas-condensate field to keep production ahead of rising demand, driven by exports to Egypt’s growing LNG hub.
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The deal will see the gradual elimination of the production cuts that at the beginning of the pandemic totaled nearly 9.7 million B/D.
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Russian oil major Lukoil expanded its Gulf of Mexico presence, acquiring a 50% operator interest in Mexico’s Area 4 offshore license area.
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Data from the US Bureau of Labor Statistics point to a fourth consecutive month of job growth in the sector, led by Texas additions.
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The latest move by Tellurian signifies a business model change from a financial partnership with LNG users to sales to traders.
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The new partnership will look to stabilize the energy supply chain in an environment of change for the industry.
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A new report finds that, as many nations lost billions in recoverable reserves last year, the smaller footprint may put the industry on course to align with the world's climate targets.
