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 expands Cenovus’ SAGD footprint with three Alberta assets.
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The discovery well is located in the south-western Ring of Bozhong Sag in the Bohai Bay where average water depth is about 23 m. -
Calgary-based Eavor Technologies has raised $40 million to build out geothermal systems that use horizontal-drilling technology and may someday give abandoned oil and gas fields a second act.
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Oil and gas producers in the southern US suffered from a historic disruption to their operations, but analysts say the effects will be short lived compared to what may be in store for downstream operators.
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The Norwegian energy company and the French utility say jointly developing low-carbon hydrogen will pave the way to achieving net-zero emissions in 2050.
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Digital data startups face many hazards, from potential customers unwilling to share data to buyers who just do not see the payoff in what they are selling.
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A Texas-sized winter storm has forced the largest oil and gas producing region in the US to lower output while demand for energy surges to combat the bitter temperatures.
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Canada has several strategic advantages that can support a robust hydrogen industry. These include both carbon-based and renewable resources for producing hydrogen, a skilled energy sector, strategic infrastructure, and a history of being a global leader in the hydrogen and fuel-cell market.
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Profits are up as drilling is down in Canada’s Montney play where a merger this week highlighted the continued drive to increase profits, which are benefitting from rising natural gas prices.
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The gas industry on both sides of the Atlantic is moving to create markets and infrastructure in Europe in anticipation of promoting blue hydrogen, derived from natural gas, as a transition fuel to support EU goals of achieving net-zero emissions by 2050.
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Is it possible to fracture a well using power off the grid? The answer is yes, but sharp electric engineers are required.
