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 epands Cenovus’ SAGD footprint with three Alberta assets.
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Two cruises were completed for DenAr Ocean Engineering for the TPAO Sakarya gasfield pipeline route investigation and site survey project. -
The Lake Albert project includes the development of oil fields, processing facilities, and an electrically heated pipeline network.
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The alliance ratified another modest daily production increase of 400,000 barrels.
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Tested within a full ballast water tank on a North Sea FPSO, the ROV collected visual inspection data, validating system performance including wireless navigation and wireless communication.
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This paper identifies success factors behind the Johan Sverdrup predrilling campaign and outlines lessons learned.
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Exploratory, development well success in current onshore program.
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Deal also includes commitment from Eni to drill four wells.
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State-run company will direct $2 billion towards frontier drilling in the area.
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Petroleum Development Oman is building infrastructure for the project’s initial phase.
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Regarding the long-term risks to our industry and a decreasing role of oil and gas in the energy transition in the future, I see an opportunity for companies to expand into new business segments and our members into new career opportunities.
