Asset Management
Lower operating expenditures and a changing asset mix helped UKCS operators cut average production costs by 9% year over year, despite relatively flat production levels, according to the NSTA.
The deal adds 40,000 B/D of production and epands Cenovus’ SAGD footprint with three Alberta assets.
The Federal Reserve Bank of Dallas’ third-quarter energy survey reflects industry views on the drawdown of the US Strategic Petroleum Reserve, the outlook for Persian Gulf crude exports, and expectations for oil prices.
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Aram block was awarded as part Brazil’s 6th Pre-Salt Round. -
Flow rate is a major challenge for geothermal. However, the techniques used in shale to prevent flow localization can be applied directly to geothermal. If we can create hundreds or thousands of flowing fracture pathways around a horizontal or deviated geothermal well, then we will have truly “changed the game.”
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Operator inks $252 million deal for use of newbuild drillship.
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Electric-powered fracturing fleets looked impressively resilient in 2020 amid what was otherwise a significant collapse for the hydraulic fracturing sector. Today, the situation is more complicated.
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Deal marks the first ADNOC partnership with Pakistani energy companies.
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The continued collaboration of the oil and gas industry with other technological sectors is crucial for its success. SPE has itself been a catalyst for collaboration in the industry through the events it organizes and with other societies to bring together practitioners from different disciplines.
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Keeping your finger on the pulse of change requires diligence. Moving forward requires leaders, but without our commitment, the progress lags or stalls out.
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As Canada, Greenland, and even Norway shy away from developing their Arctic oil and gas resources, only Russia and the US remain in the game as Alaska seeks to renew interest in exploration and development of its North Slope.
