Asset Management
The deal includes Waygate’s inspection portfolios and is expected to close later this year.
An asset swap with PDVSA helps consolidate the supermajor’s heavy-oil operations in the country.
Co-owner Chevron confirmed the find at the Bandit prospect offshore Louisiana and suggested it may become a subsea tieback to existing faciltiies operated by Occidental Petroleum.
-
Traditionally, the drilling industry has relied on high-fidelity thermal simulators to predict downhole temperature for different operational scenarios. Though accurate, these models are too slow for real-time applications. To overcome this limitation, a deep-learning solution is proposed that enables fast, accurate prediction of downhole temperatures under a wide ran… -
The latest merger and acquisition report from Enverus Intelligence Research shows deal value fell 21% quarter over quarter.
-
The Begonia and CLOV Phase 3 subsea tiebacks are each sending production to nearby FPSOs.
-
The China National Offshore Oil Corporation said it plans to use water injection, steam huff ’n’ puff, and steamflooding to produce the heavy oil field, with peak production expected in 2026.
-
The company said it is considering connecting the Vidsyn commercial discovery to the nearby Fenja subsea facility.
-
Chevron now holds a 30% stake in a prolific offshore Guyana development, where oil production is expected to ramp up over the next few years.
-
The new vessel, P-78, will be deployed on the Buzios field in the Santos Basin offshore Brazil.
-
The update increases the guidance’s focus on creating a just energy transition.
-
The traditionally Oklahoma-centric producer adds new acreage in west Texas and New Mexico through a pair of purchases.
-
Welligence projects explorers are targeting 50 billion BOE in the near term, with about 20% of that being gas.
