Asset Management
Industry fundamentals continue to strengthen as rising utilization and scarce replacement capacity support higher rig valuations.
The GRMS system of standardization and classification for geothermal resources, led by a coalition of stakeholders in collaboration with Project InnerSpace and the Society of Petroleum Engineers, will be published in November.
Argentina’s President Javier Milei met with TotalEnergies CEO Patrick Pouyanné and Eni CEO Claudio Descalzi in Paris to discuss Argentina’s energy sector, including projects linked to the Vaca Muerta shale formation and the development of the Argentina LNG export project.
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A Texas-sized winter storm has forced the largest oil and gas producing region in the US to lower output while demand for energy surges to combat the bitter temperatures. -
Canada has several strategic advantages that can support a robust hydrogen industry. These include both carbon-based and renewable resources for producing hydrogen, a skilled energy sector, strategic infrastructure, and a history of being a global leader in the hydrogen and fuel-cell market.
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Profits are up as drilling is down in Canada’s Montney play where a merger this week highlighted the continued drive to increase profits, which are benefitting from rising natural gas prices.
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The gas industry on both sides of the Atlantic is moving to create markets and infrastructure in Europe in anticipation of promoting blue hydrogen, derived from natural gas, as a transition fuel to support EU goals of achieving net-zero emissions by 2050.
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Is it possible to fracture a well using power off the grid? The answer is yes, but sharp electric engineers are required.
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One-time shale champion eliminates $1 billion in annual cash costs and plans to focus 2021 activity on natural gas assets.
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The Norwegian oil company is exiting assets in North Dakota and Montana after a decade of development. A Houston-based private equity producer will take over the shale fields.
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Bahama Petroleum's Perseverance #1 establishes petroleum system, will be plugged and abandoned
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After a lot of talk of the transition, BP and Total are making bids to become major wind energy producers in the UK. Meanwhile, NOV said the offshore wind sector is becoming a big business for it too.
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The floating production unit is making the trek across the Pacific Ocean to its new home in the US Gulf of Mexico.
