Asset Management
Trafigura will purchase 100,000 metric tons of battery-grade lithium products under a decade-long take-or-pay contract valued at over $2 billion.
The Absheron gas field expansion will supply additional natural gas to Azerbaijan’s domestic market and support its export commitments to Turkey, allowing Baku to stay focused on meeting its gas export obligations to Europe.
A credible custody-transfer record depends on far more than the accuracy of a single meter. It is the product of an integrated measurement chain. While meter performance supports measurement-system integrity, commercial confidence also depends on traceability, governance, and authorization.
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A recently opened plant in Wharton marks the first small-scale commercial gas-to-liquids project in the state of Texas. -
Though crude prices are rising, US shale producers face questions over whether their improving oil production results and cost efficiencies will last as increasing drilling activity drives demand for oilfield services.
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A recently launched joint industry project (JIP) is working to improve petrophysical analysis methods to reduce the time and expense of characterizing tight sandstone gas reservoirs for exploration, appraisal, and production.
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This paper describes how an exploration-and-production company successfully developed and applied a qualitative risk-based abandonment-prioritization strategy for an inventory of inactive subsea wells.
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Enrollment in US petroleum engineering programs have peaked and are on the downslide, matching the short-lived surge in the 1980s, when a generation of engineers were graduated.
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Investment in digital technologies may increase project efficiency and reduce costs. However, Technip’s chief executive officer (CEO) said it is equally important to strengthen relationships with companies along the supply chain.
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Many column inches are filled with discussion of how companies need to operate in the lower-for-longer market that the upstream oil and gas industry continues to face.
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A number of ongoing industry research projects are developing nanoparticles that work at the reservoir level and for fluid treatment. Though they may be a few years away from finalization, these efforts highlight nanotechnology’s increasingly sophisticated and growing application scope.
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This article is a summary of the 2016 follow-up paper on carbon capture and sequestration, one of the five grand challenges to the industry identified by the SPE R&D Committee in 2011.
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Mexico’s historic public tender for its deepwater real estate resulted in the awarding of eight out of 10 blocks on offer.
