Management
Equinor said it found between 14 million and 24 million BOE with its most recent exploration well in the Polynya Tubåen prospect.
ExxonMobil's Jason Gahr uses the five stages of grief to explain how the upstream industry should respond to the rise of AI.
BP sanctioned development of the Kaskida in 2024, with first oil from the high-pressure project expected in 2029.
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Mero expects to increase its production capacity to over 700,000 B/D. -
The supermajor is making a major course correction as it plans to slash renewable investment and focus more on oil and gas development.
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The operator plans to acquire seismic and carry out appraisal drilling at the site later this year; the find could be fast-tracked as a tieback to the Goliat FPSO.
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Transitioning to a low-carbon economy demands large-scale CO2, natural gas, and hydrogen storage. In this context, the application of AI/ML technology to uncover geochemical, microbial, geomechanical, and hydraulic mechanisms related to storage and solve complicated history-matching and optimization problems, thereby enhancing storage efficiency, has been prominently …
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This paper aims to investigate the use of an optimization workflow to maximize both hydrogen storage and the net present value to obtain an optimal reservoir development strategy.
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This paper describes how ramp-up operations and commercialization of an underground storage asset were combined, rapidly providing a wide range of commercial services to the Italian gas system while long-term UGS performance increased continuously.
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The authors introduce a novel framework combining dynamic mode decomposition, a data-driven model-reduction technique, with direct data assimilation to streamline the calibration of carbon-dioxide plume evolution models.
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Today, the dependence on primary monitors is higher than ever, so much so that orchestrated efforts are underway to make these nearly foolproof. Often, direct measurements are supplemented with model predictions. Also notably visible are the efforts to integrate multiple perspectives of sustained production.
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Geothermal systems, which rely on extracting heat from deep within the Earth, face many of the same technical challenges that oil and gas operators have tackled for decades. Geothermal development can be advanced efficiently and economically by applying proven oil and gas technologies.
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Updates about global exploration and production activities and developments.
