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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Infrastructure-led exploration program leads to significant find. -
New find will likely be tied into future Johan Castberg infrastructure.
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African oil and gas is increasingly becoming an investment magnet as new discoveries position the continent as a guarantor of energy security to emerging Asian nations and as Africa itself seeks to enter the 21st century.
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As our industry continues to adapt and evolve to meet the changing needs of our fast-moving world, we see a sizable and growing prize for those who are willing to work and think differently, challenge traditional approaches, forge new working relationships, and act boldly.
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Standalone or subsea development options remain in play.
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President Tom Blasingame reminds SPE members that the pandemic is not over and that SPE has a long way to go before significant revenue is realized. However, SPE’s commitment remains strong to maintain consistent, high-quality services to its members—not only in good times, but in difficult times as well.
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The development scheme may include possible tie-in to the nearby Solveig field.
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The deal gives Houston-based Vencer Energy 44,000 acres and 40,000 BOE/D of baseline production.
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The South African Development Community has agreed to send up to 3,000 troops to contain Mozambique’s terrorist insurgency after Total declared force majeure and evacuated all personnel from its Mozambique LNG worksite.
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Delek Drilling’s deal to sell Abu Dhabi’s state-owned Mubadala Petroleum its stake in Israel’s offshore Tamar gas field kicks off what the Abraham Accords envisioned as the kind of business cooperation that could bring peace to the Middle East and prosperity to the East Med.
