Asset Management
Applications are now open for the OTC Spotlight on New Technology Awards, the offshore energy sector's leading innovation honors. Recognizing technologies that advance operational efficiency, sustainability, and performance, the awards spotlight game-changing solutions from OTC exhibitors. Submit your entry and supporting documents by 28 January 2027.
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.
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At SPE’s Permian Basin Energy Conference, operators shared behind-the-scenes details on innovations such as drilling horseshoe wells and trimulfrac completions along with in-basin challenges such as handling produced water. -
Hot rock is found worldwide, but the methods used to generate energy from it vary.
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This paper presents three examples covering both gas and oil fields at different stages of their lives that show how estimated ultimate recovery (EUR) and the corresponding range of EUR uncertainty varies over the life of each field.
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Updates about global exploration and production activities and developments.
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AI can transform our work, but it demands the highest accuracy. Anything less than perfect in oil and gas and other heavy-asset industries is unacceptable.
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When it comes to staying on top of the latest upstream innovations, the easiest way to do it is already in front of you.
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The plan calls for developing a gas field, CCUS, and onshore compression, with first production expected in 2028.
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The USGS has said up to 19 million tons of lithium resource is contained in the briny waters of the Smackover formation in Arkansas.
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Wood Mackenzie analysis projects a full repeal of the Inflation Reduction Act is unlikely, while industry proponents urge permitting overhaul and loosening of burdensome regulations.
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A new type of porous material called a covalent organic framework quickly sucks up carbon dioxide from ambient air.
