Asset Management
The Loran Phase 2 license award builds on BP’s growing presence in Venezuela as it seeks to develop offshore projects, particularly shared fields near Venezuela’s maritime border with Trinidad and Tobago.
ExxonMobil and its Area 4 partners have awarded $1.1 billion in pre-investment contracts for long-lead upstream equipment supporting Mozambique's Rovuma LNG project. The awards, led by OneSubsea, mark a key step toward FID as development advances on ExxonMobil's largest global investment.
Gran Tierra will refocus its investment strategy to strengthen its portfolio in Canada and Azerbaijan while Maurel & Prom, majority owned by Pertamina’s international upstream arm, grows its South American footprint in Colombia and Ecuador.
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The company announced that its geothermal system operated for more than 3,000 hours, which it said validates the technology’s commercial potential. -
The transaction supports Occidental Petroleum's operations in the Permian Basin and its enhanced oil recovery program.
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Updates about global exploration and production activities and developments.
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The technology to desalinate and reuse produced water for cooling AI data centers in the Permian Basin exists, but addressing cost challenges remains critical to widespread adoption.
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Industry observers warn that the future of the UK North Sea hinges less on geology than on whether fiscal stability can be restored.
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This paper discusses cases from the North Sea and offshore California in which high-fidelity pressure and dynamics measurements, combined with high-speed telemetry, helped overcome complex geotechnical challenges.
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This study recommends favoring the combustion of ammonia over hydrogen for the purpose of reducing CO₂ and nitrogen emissions.
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This paper describes an alternative lower-completion concept for developing Lower Wilcox reservoirs referred to as high-angle multifractured well design.
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This study explores the feasibility of implementing in-situ carbon dioxide recycling for sequestration as a fit-for-purpose developmental strategy for a Malaysian gas field characterized by an initial carbon-dioxide content of approximately 60%.
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The US Department of Energy announced a $625 million investment to expand America’s coal industry, aiming to increase energy production and support coal communities.
