Asset Management
As the pace of new discoveries slows and high-quality prospects become harder to find, oil companies may need to rely more heavily on mature fields to maintain production and support future supply.
A shared digital mindset across subsurface, subsea, and drilling and wells is accelerating well planning at Vår Energi.
This guest editorial examines why geothermal projects require a different planning, financing, and development approach than traditional oil and gas projects.
-
Updates about global exploration and production activities and developments. -
Only about one-third of Africa’s discovered hydrocarbon resources have reached commercialization.
-
The authors of this paper apply a deep-learning model for multivariate forecasting of oil production and carbon-dioxide-sequestration efficiency across a range of water-alternating-gas scenarios using field data from six legacy carbon-dioxide enhanced-oil-recovery projects.
-
Experience in subsurface production and lift design is shaping a new generation of geothermal operations built for reliability and scalability.
-
A presidential decree extends ExxonMobil’s chance to possibly recoup part of the $4.6 billion loss it suffered after exiting its flagship Russian asset in spring 2022.
-
The $1.3-billion deal targets DJ Basin assets producing 35,000 BOEPD, and Japex aims to increase that output to 50,000 BOEPD around 2030.
-
The Nigerian Upstream Petroleum Regulatory Commission has set its sights on anticorruption efforts for the 2025 Licensing Round, which began on 1 December.
-
The latest corporate plan drops the amount the company says it will invest in low-carbon efforts by $10 billion from last year’s plan.
-
KTH researchers unveil a nickel/iron catalyst that speeds up water splitting, boosting efficient, sustainable hydrogen production.
-
Vår Energi and partners have officially sanctioned the Previously Produced Fields Project in the Greater Ekofisk Area. The redevelopment is expected to add high-value barrels starting in 2028, extending the production life of one of Norway’s key offshore regions.
