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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One-time shale champion eliminates $1 billion in annual cash costs and plans to focus 2021 activity on natural gas assets. -
The Norwegian oil company is exiting assets in North Dakota and Montana after a decade of development. A Houston-based private equity producer will take over the shale fields.
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Bahama Petroleum's Perseverance #1 establishes petroleum system, will be plugged and abandoned
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After a lot of talk of the transition, BP and Total are making bids to become major wind energy producers in the UK. Meanwhile, NOV said the offshore wind sector is becoming a big business for it too.
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The floating production unit is making the trek across the Pacific Ocean to its new home in the US Gulf of Mexico.
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The International Energy Agency is launching a global commission to address the effects on employment and society from the transition to renewable energy from fossil fuels, it said. The commission, chaired by Denmark, will include energy ministers from Canada, Norway, Mexico, and Oman. It will also include US energy officials, as Washington shifts course under Preside…
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Annual Deloitte/OGUK study highlights cost reduction, checks the role of the coronavirus and energy transition on collaboration bonds.
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Oil producers that spent years gearing up for a growth spurt beginning in 2020 are making up for lost time.
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Utah FORGE has completed the first highly deviated, deep geothermal well to target depth and at planned trajectory, 60 days ahead of schedule.
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Projects from the North Sea, Australia, and Saudi Arabia are in the running.
