Management
The Middle East’s largest unconventional gas development officially begins production as Saudi Aramco targets 6 million BOE/D of gas and liquids capacity by 2030.
While physical damage to energy infrastructure has so far been limited, analysts caution that a prolonged conflict could drive prices higher even as OPEC+ proceeds with planned incremental supply increases.
The integrated field management services contract signals an evolution of KBR’s role at Majnoon from one of stabilizing production to a more complex and sophisticated role that takes responsibility for integrating full upstream operations.
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The company’s 31 licenses highlight a record-high total awarded during the latest APA round, which is aimed at developing mature areas of the NCS. -
SPE’s Aberdeen section has chosen the finalists for this year’s Offshore Achievement Awards, which will take place 22 March at the Aberdeen Exhibition and Conference Centre.
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Petrobras and Total have executed two major transactions involving deepwater, presalt development assets offshore Brazil, with Total becoming the first major international company to operate a Brazil presalt field.
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The industry has figured out how much opportunity lies in the Permian Basin’s Delaware subbasin, and the Delaware play is now dominating US unconventional oil activity, Citigroup’s Jeff Sieler told the SPE Gulf Coast Section reservoir group recently.
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R&D is essential for the industry, regardless of the current oil price, and past down markets have spawned some key technology advances, ExxonMobil researcher Erika Biediger told the SPE Gulf Coast Section R&D study group recently.
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The US is putting its offshore assets up for sale to compete for exploration dollars as offshore drilling begins to grow again.
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Natural gas is the only fossil fuel that will maintain its share in the energy mix of the coming decades, mainly supported by policies to reduce air pollution and greenhouse gas emissions.
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C-Innovation formed a turnkey subsea projects group based in Edison Chouest Offshore’s Houston office. The vertically integrated network of affiliate companies will provide support for complex projects.
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The global oil industry is positioned for stronger performance, reflecting the financial discipline and cost-cutting innovation driven by several years of low oil prices and the likely prospect of more stable market conditions.
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Upward momentum in US industry operations continues to gather, as the survey conducted by the Federal Reserve for the just-completed fourth quarter of 2017 indicates.
