Management
Preliminary estimates indicated recoverables of between 30 million and 110 million BOE at the discoveries, which Equinor called its largest of the year.
The decision keeps the effective tax rate on upstream projects at 78%, prompting new warnings that investments will continue to dwindle in the UK Continental Shelf.
Adura will become the UK North Sea’s largest independent producer by combining 12 key oil and gas assets, employing around 1,200 staff. It aims to produce more than 140,000 BOED in 2026.
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Transitioning to a low-carbon economy demands large-scale CO2, natural gas, and hydrogen storage. In this context, the application of AI/ML technology to uncover geochemical, microbial, geomechanical, and hydraulic mechanisms related to storage and solve complicated history-matching and optimization problems, thereby enhancing storage efficiency, has been prominently … -
This paper aims to investigate the use of an optimization workflow to maximize both hydrogen storage and the net present value to obtain an optimal reservoir development strategy.
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This paper describes how ramp-up operations and commercialization of an underground storage asset were combined, rapidly providing a wide range of commercial services to the Italian gas system while long-term UGS performance increased continuously.
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The authors introduce a novel framework combining dynamic mode decomposition, a data-driven model-reduction technique, with direct data assimilation to streamline the calibration of carbon-dioxide plume evolution models.
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Today, the dependence on primary monitors is higher than ever, so much so that orchestrated efforts are underway to make these nearly foolproof. Often, direct measurements are supplemented with model predictions. Also notably visible are the efforts to integrate multiple perspectives of sustained production.
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Geothermal systems, which rely on extracting heat from deep within the Earth, face many of the same technical challenges that oil and gas operators have tackled for decades. Geothermal development can be advanced efficiently and economically by applying proven oil and gas technologies.
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This paper outlines a technique to evaluate formation temperature shifts when closely spaced wells are produced concurrently and applies the technique to validate the design basis for new development.
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This study highlights how the recovery and reuse of existing hydrocarbon infrastructure can contribute to the diffusion of district-heating projects that implement the principles of the circular economy.
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This article kicks off a Q&A series from the SPE Research and Development Technical Section, focusing on emerging energy technologies. In this piece, Amy Bason of the Oil and Gas Climate Initiative highlights decarbonization efforts in global transportation.
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Updates about global exploration and production activities and developments.
