Asset Management
The Houston-based developer of AI-powered submersible robotics earned the Best in Show Award and a $10,000 prize.
Industry fundamentals continue to strengthen as rising utilization and scarce replacement capacity support higher rig valuations.
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.
-
Sleipner’s share in net-zero emissions savings will be more than 150,000 tonnes per year. -
With the acquisition of Magnolia LNG, along with its Texas LNG Brownsville project, Glenfarne Group expands its export capacity to 12 mpta.
-
The FPSO vessel will reduce capital expenditure and breakeven costs and increase commercially feasibility, leading to FID.
-
Work has resumed on Energan’s Singapore FPSO; subsea installation for the Karish project continues as planned.
-
Weatherford announced that Mark A. McCollum, president, CEO, and a director, has left the company, effectively immediately.
-
-
The leadership change comes amid a downturn in global crude prices which has lowered the national oil company’s revenues this year. Taking over the position will be the current chief financial officer.
-
Although oil prices were down on 8 June, the market is expected to see higher prices in response to the OPEC+ decision to continue production cuts.
-
McDermott’s completion comes 19 months after it was first awarded. SapuraOMV achieved first production from the Larak gas field in January.
-
Forecasts are lowered for levels of E&P, budgets, and project sanctioning.
