Asset Management

As LNG projects sanctioned earlier this decade come onstream, a shortage of new final and pre-final investment decisions threatens to leave the project pipelines dry at a time when global LNG demand is forecast to surge over the next 15 years.

The deal marries Baker’s core competencies in rotating equipment, flow control and digital technology with Chart’s heat transfer, air- and gas- handling, and process technologies expertise.

Rystad Energy reports that developers are increasingly turning to floating LNG to reduce costs and accelerate project timelines in response to growing gas demand.

The first of four planned Phase 1 wells is flowing from the region’s second 20k-psi deepwater project.

Traditionally, the drilling industry has relied on high-fidelity thermal simulators to predict downhole temperature for different operational scenarios. Though accurate, these models are too slow for real-time applications. To overcome this limitation, a deep-learning solution is proposed that enables fast, accurate prediction of downhole temperatures under a wide ran…

The latest merger and acquisition report from Enverus Intelligence Research shows deal value fell 21% quarter over quarter.

The Begonia and CLOV Phase 3 subsea tiebacks are each sending production to nearby FPSOs.

The China National Offshore Oil Corporation said it plans to use water injection, steam huff ’n’ puff, and steamflooding to produce the heavy oil field, with peak production expected in 2026.

The company said it is considering connecting the Vidsyn commercial discovery to the nearby Fenja subsea facility.

Chevron now holds a 30% stake in a prolific offshore Guyana development, where oil production is expected to ramp up over the next few years.