Asset Management
Talos Energy founder Tim Duncan has been named executive chairman of newly formed 1947 Oil&Gas, which will focus on acquiring and developing mature, shallow-water assets through its buyout of Renaissance Offshore. The deal is expected to close in Q2 2026.
Operators aren’t rushing to drill, even as the closure of the Strait of Hormuz drives oil prices up.
The following three papers show challenges and potential solutions across various stages of the deepwater well-development cycle from a variety of deepwater basins across the world.
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Saudi Aramco is on a mission to increase the amount of seismic data that it collects by fourfold, while reducing costs and acquisition time by half of what it spends today. -
Booming US oil production is beginning to seep into international markets despite the country’s ban on oil exports. One sign of change was the departure in late July of a tanker from Texas City, Texas, with 400,000 bbl of liquid hydrocarbons bound for Asia, Reuters reported.
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Running a shale exploration and production operation requires a sharp focus on costs, but not all are measured the same.
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This paper presents a statistical analysis approach to weather windows of opportunity, which are defined as the time span over which the stringent, multiparametric conditions required by weather-sensitive marine operations (such as heavy lift, topside float over, and pipeline tie in) are met.
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A destructive run of three hurricanes has been a catalyst for a flurry of innovations in decommissioning shallow-water wells in the US Gulf of Mexico.
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More than 21 billion bbl of light, sweet crude oil will be extracted over the lifetime of the Bakken and Three Forks shale plays, according to the latest projections from energy consultancy group Wood Mackenzie.
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Diamond-tipped cutters are the leading edge for technology development as companies seek an advantage that will allow customers to drill faster and longer before changing bits.
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The variables defining drill-bit performance cover a lot of ground. There is a lot of attention given to cutters studding diamond drill bits, but just as important are what is in the rest of the drillstring and the decisions made by the driller.
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For decades, the industry has worked to realize the potential of gathering seismic data in wells. But it is a hostile environment for standard equipment. An inventor has developed a fiber optic system that can handle the heat, but he needs backers to see if it can deliver in the ground.
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In the kingdom of wet completion, Petrobras has just installed its first tension-leg wellhead platform, in the field of Papa Terra in 1190-m-deep water. It is going to be a revolution regarding how to operate such an installation and be able to produce the heavy oil of Papa Terra (14–17°API).
