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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The record-setting probe has yielded a discovery estimated to be between 53–90 million BOE. -
First gas is flowing from IOG’s Blythe H2 well, part of the Southern Banks gas development in the UK southern North Sea.
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Successful well trio adds as much as 30 million BOE of recoverable reserves.
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You don’t have to choose between what’s good for the business and what’s good for employees in the quest to drive productivity and profits. What you need is to invest in employee engagement.
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The authors of this paper describe a solution using machine-learning techniques to predict sandstone distribution and, to some extent, automate the process of optimizing well placement.
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This study catalogs global gas/oil ratio data to identify currently produced light crude oils that could be rendered carbon neutral through the direct-air-capture mechanism.
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The drilling of the Berling field will begin in the third quarter of 2026, with gas and condensate production expected in 2028.
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A new report said the US supermajor has made its second move in a month to enter the emerging lithium extraction industry.
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The offering includes automatic evaluation of project economics and enhances collaboration to cut the time required for field development planning by up to 50%, according to the companies.
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A new paper warns that meeting emission reduction targets in the top US oil basin will require a fourfold increase in available grid electricity.
