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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Oil-to-telecom conglomerate Reliance Industries Limited (RIL) and BP have started production from India’s first ultradeepwater gas project, the first of three such projects in the KG D6 block. -
CNOOC’s Bohai Sea Project has started production ahead of schedule.
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Work began in December on the Snorre Expansion Project in the southern part of the Norwegian Sea. This increased-oil-recovery project will add almost 200 million bbl of recoverable oil reserves and help extend the productive life of the Snorre field through 2040.
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If brought to production, the flow of new gas supplies will help cut Jordan’s dependence on oil imports to fuel its power sector and industries.
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The Greater Buchan Area (GBA) now has four drill-ready prospects to add to discoveries already slated for development.
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With all critical components nearly in place, production is set to start this year at the Lingshui 17-2, China’s first ultradeepwater gasfield development project.
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The company will focus on renewables projects such as offshore wind farms and solar farms, gas solutions, production assets, and new energy solutions such as hydrogen and tidal energy.
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With its third capacity increase in 2 years of production, the third-largest oil field on the NCS is proving to be a powerhouse for Norway.
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A $3-million investment by a climate fund founded by TED curator Chris Anderson and an additional $2-million investment by a subsidiary of Helmerich & Payne will fund a hybrid CLG/EGS demonstration well in Texas. Drilling could begin this summer.
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The deal seeks to add 151,000 acres to the Calgary-based oil company's portfolio for price of $465 million.
