Asset Management
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.
The Federal Reserve Bank of Dallas’ third-quarter energy survey reflects industry views on the drawdown of the US Strategic Petroleum Reserve, the outlook for Persian Gulf crude exports, and expectations for oil prices.
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In its 2024 outlook, Enverus expects 3-mile-long lateral sections to become a new normal in the Permian and suggests the budding geothermal and lithium arenas may be the real deal. -
The contractor was tapped by Offshore Frontier Solutions to provide electrical systems and associated digital solutions for ExxonMobil’s fifth FPSO in the region.
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Bakken oil production surprised on the upside showing it can grow, but an encore is not expected this year.
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The former company CFO has been acting as interim CEO since September 2023.
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The contractor will be responsible for both pipeline and platform installation related to Petronas’ ambitious CCS project offshore Sarawak.
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Solar and natural gas surged last year in the US, while wind stumbled.
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The acquisition will expand Talos’s deepwater US Gulf of Mexico footprint and increase annual production by an estimated 30,000 BOE/D.
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Two of the most established US independents are combining to form a natural gas powerhouse that will be given a new name later this year.
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The 100 million BOE-plus find will be tied back to the Heidelberg spar.
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Startup company LongPath Technologies has received conditional federal financing to install 1,000 methane detection towers spanning multiple US states.
