Asset Management
Robotic and autonomous systems are transforming energy operations, but their full value emerges only when paired with data science, engineering analytics, and AI/ML to turn data into decisions. The transition of the SPE Robotic & Autonomous Systems Technical Section into the SPE Data Science & Engineering Analytics Technical Section helps bridge this critical technolo…
Trafigura will purchase 100,000 metric tons of battery-grade lithium products under a decade-long take-or-pay contract valued at over $2 billion.
The Absheron gas field expansion will supply additional natural gas to Azerbaijan’s domestic market and support its export commitments to Turkey, allowing Baku to stay focused on meeting its gas export obligations to Europe.
-
Statoil’s board of directors proposed to change the name of the company to Equinor as of 16 March. The name change is intended to support the company’s strategy and development as a broad energy company. -
Pioneer shut in 8,000 BOE/D production in its West Panhandle field in Texas on 6 March due to a compression station fire. No injuries occurred. Planning to use idle compressors, production is expected to restart later this month or in early April.
-
The success of an upstream startup in the 1970s might offer lessons for those entering the oil and gas industry today.
-
The cost cuts made during the downturn and the recent increase in oil prices have led to some global offshore projects becoming economically viable. Norway is leading the comeback.
-
The two companies will collaborate to define the technology and equipment scope for an initial four-well development phase for BP’s major West African offshore gas project.
-
Partnerships are proving key in developing and sustaining big offshore projects internationally, with Eni now teaming with ADNOC off Abu Dhabi and farming out another stake in the Zohr gas field off Egypt.
-
Geothermal power offers enormous potential—an inexhaustible supply heat to drive huge electric plants around the clock—but that extreme heat can quickly kill conventional hardware, which led to something new.
-
Fears of peak oil demand are exaggerated, Saudi Aramco’s CEO says, despite recent headlines that advances in electric vehicles and worries about climate change will lead to a drop in global oil and gas use.
-
Anadarko aims to maximize immediate short-cycle value through tiebacks and platform relocations in the Gulf of Mexico.
-
Completion of the umbilicals system marks another step toward startup for the Total-operated ultradeepwater development offshore Angola.
