Asset Management
The long-term outlook analysis says a potential shift toward new construction could push 2026 production 3% above 2025 levels.
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.
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The semisubmersible will begin North Sea work in early 2022. -
As the COVID-19 pandemic subsides in most parts of the world, it is time for our ship to leave port. As we pull up our anchor, we must accept that there are risks out there, but we must get back to the task of exploration and production to improve lives, mitigate poverty, and provide the energy to enable a modern global society.
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For the entities formerly—and, sometimes, still—known as oilfield service companies, the energy transition presents new business challenges and opportunities. How are they managing?
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The recent cyberattack on Colonial Pipeline’s IT system has thrust the issue of oil and gas industry cybersecurity into the spotlight, which, according to specialists in the field, is where it should always be.
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New find could add 150 million BOE to reserves.
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The contractor will supply over 300 km of flexible pipe between four field developments offshore Brazil.
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Are you trying to stay up to date about developments aimed at energy transition efforts in our industry? This roundup of news presents some of the recent announcements. Visit SPE’s HSE Now for more news.
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The North Sea project is set to include 23 subsea, oil-producing wells tied into four subsea templates to tap an estimated 200 million bbl of oil.
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The operator is exercising its right of first refusal, negating the previously announced deal with a private equity group.
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Those who work for the many small businesses in the oil patch see the business, and its future, differently from the energy and financial giants that get most of the coverage.
