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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Studies show that almost 65% of megaprojects fail to meet the performance goals established when the financial go-ahead was given. Operators can avoid costly pitfalls if they focus on addressing the human-related problems. -
A key aspect of the project discussed in this paper is the use of minimal initial-production facilities to achieve significant early production from each of four preconstructed artificial islands.
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This paper presents the development of Sapinhoá field, covering the fast-track transition and decision-making process, from appraisal to conceptual and basic engineering of the Sapinhoá pilot project and on to its subsequent execution, highlighting the challenges, lessons learned, and results.
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Schlumberger and Baker Hughes leaders said increased investments are critical to ensuring technological advancements for the industry.
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ADNOC and BP will collaborate to form an earth surface technology center in Abu Dhabi. ADNOC has also reformed its stage gate process for advancement of new technologies.
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New leadership aims to make positive, lasting changes at RPSEA.
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Douglas-Westwood’s quarterly World Oilfield Services Market Forecast and World Oilfield Equipment Market Forecast continue to suggest that 2016 marks the start of a barren period for the global oilfield services and oilfield equipment sectors, with onshore looking more positive than offshore.
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Mass layoffs and rising bankruptcies haven't put an end to abundant supplies.
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A fairly stable set of conditions coalesce to make a strong reason to expect the oil price to range between USD 30/bbl to USD 60/bbl for the foreseeable future.
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The US rig count has inched up recently, and the driver has been the old reliable of onshore oil production, the Permian Basin. With surging production, the Permian is the only major US oil shale play to grow since crude prices began to fall.
