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.
-
With such uses as tracking the source of renewable energy and changing the relationship between how energy is produced and consumed, blockchain has the potential to transform the way companies collaborate and interact to accelerate the development of low-carbon energy. -
The closing date for the ESP tender for the UK’s first geothermal power plant is in early February.
-
The Houston-based oil and gas company has expanded its footprint in the liquids-rich Permian by more than 550,000 acres.
-
More than 30 oil and gas companies took part in the licensing round, which focused on mature areas that can be developed using existing infrastructure.
-
The two companies have collaborated since 2015 on various projects, but COVID-19 brought Velentium and Oasis Testing together for a unique purpose—to quickly ramp up the manufacturing capacity for critical, life-saving ventilators.
-
After a line of four discovery wells in Suriname, Total and Apache are going off trend with a well to see if the potentially huge play extends north as well.
-
This year gas is expected to look only a bit better, but after 2019 that is a relief.
-
The Dutch supermajor will take on a nonoperating stake in the largest exploration block in the North Argentine Basin, which remains largely unexplored.
-
Sinopec is moving on to Phase 2 at its Weirong shale-gas development in Sichuan province after having completed Phase 1 by drilling 56 new wells over the past year and building new infrastructure to support increased natural gas production.
-
The firm has been working to spin off Technip Energies, creating two companies, with Technip Energies focused on engineering and technology and the remaining TechnipFMC focused on providing integrated technology and services.
