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.
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Even a robust adoption of electric vehicles in the next 2 decades would not eliminate the growth of either global oil consumption or carbon emissions, BP Chief Economist Spencer Dale said at the rollout of the company’s 2018 Energy Outlook. -
The US supermajor continues to evolve its global strategy by pulling out of once-promising Russian partnerships and adding to its offshore Guyana oil drilling bounty.
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The scheme by OPEC and non-OPEC producers to collectively curb oil production has brought stability to the global market—which, as a result, could soon be awash in “a second wave” of US shale output growth.
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More gas is flowing from Egyptian waters and the Eastern Mediterranean with BP’s launch of its Atoll Phase One project.
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Although the oil and gas industry can be full of surprises, its executives tend to rally around a consensus point of view on where the market and industry are headed.
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Strong US production growth and rising oil prices no longer look incompatible. With a lot less oil in storage, the production is needed to meet growing demand and cover the cost of added output.
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The third edition of the OTC Asia conference recognized several companies and individuals for technological achievements.
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A pair of Permian pure-play operators are consolidating to form a regional drilling and production powerhouse.
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The process of finding, developing, and testing new technology can be as complicated as the technology itself—especially at a time when operators have little tolerance for risk.
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The field marks the first development in Malaysia for the Abu Dhabi-based operator, with first gas expected in 2021.
