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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Following positive results in a November capacity test, the Johan Sverdrup field is set to increase daily production capacity. -
The well was meant to prove hydrocarbons in Triassic-aged sandstones within the Kobbe formation of the Polmak prospect.
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Outlooks for the coming year depend in large part on your own worldview: Are you generally an optimist or a pessimist?
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Times are turbulent across the globe as the ongoing responses to the pandemic remain varied. The oil and gas industry—and SPE members—remain affected personally and professionally by its effects on the supply/demand balance, the oil price, and the energy transition.
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A 25th licensing round on the Norwegian Continental Shelf has been announced.
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With a replacement gas injection system successfully installed, the Liza Destiny FPSO has reached its peak capacity of 120,000 B/D on the one-year anniversary of its commissioning.
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Sponsored2020 was a pivotal year for the energy industry. As we look to the future, how can we leverage our collective knowledge to make step-change improvements to our operations and field development programs? Capitalize on a new learning opportunity that will help make our next chapter our finest.
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The two oil companies will spend more than $400 million to find targets in the expansive offshore area that is currently the subject of the world’s largest 3D survey.
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The new field is the fourth exploration well the operator has drilled offshore Norway in the past 16 months.
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Aside from being the right thing to do, improving labor rights and worker welfare has a compelling commercial case. When workers are happy and engaged, they tend to work more safely and efficiently and the risk of delays and disputes is minimized.
