Asset Management
Located along the North Sea, the Humber is expected to play a central role in the UK’s effort to achieve a net-zero emissions status by 2050.
The deal adds over 1,000 potential drilling locations and almost doubles oil production for Houston-based Magnolia.
The sale for $1.8 billion of Solenergi Power, the holding company for Sprng, which develops and operates solar and wind projects across India, follows other realignment actions by the supermajor.
-
SponsoredA US operator is using Actenum’s DSO/Upstream scheduling software to improve drilling program efficiency, adding $510,000 to annual earnings. -
The prescribed treatment for market- and virus-induced oil price collapse is to quickly slow production growth. Two US shale companies moved swiftly to cut the pace of drilling and completions, but it is too soon to know if that will have any impact.
-
Sandvik said it received the first large-scale stainless steel umbilical tube order for Mero. The tubes will be encapsulated by Prysmian Group.
-
The company announced both contract awards simultaneously. The new contract awards could be worth up to $800 million.
-
Led by Texas and New Mexico, year-over-year crude output jumped by 11% according to the US Energy Information Administration. Going forward, new records will be set but at a slower pace.
-
Because the greenfield can use existing infrastructure, the Norwegian operator says it will count as a low-carbon development.
-
The Damietta LNG plant is expected online by June 2020. The plant will be owned by ENI, EGAS and EGPC.
-
This paper demonstrates how maintaining investment in high-quality 3D seismic during the last downturn, together with selective exploration, quality geoscience, application of new technologies, and efficiently maturing discoveries to early cash flow, was successful in sustaining future production.
-
Digital advances allow computers to do many of the tedious tasks once done by engineers, which frees them to focus on more interesting tasks.
-
Artificial intelligence can do some things faster and better than humans can. But that may allow engineers to focus on higher-value tasks.
