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 deal grows the marine energy services company’s shallow-water GOM fleet by more than 30 vessels. -
A new report shows that the tight offshore rig market is even tighter than most estimates reflect. This offers relief to battered drilling contractors which are now demanding higher dayrates.
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Oil companies would have to pay a premium for the hardware and services needed for rapid expansion. But is that likely?
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Norphlet-trend discovery will be developed via a three-well subsea tieback to the Blind Faith FPU.
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The companies plan to capture CO2 from Linde's hydrogen liquefication plant in the Houston area and inject it into multiple storage sites.
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In a new TEDx Talk, Scott Tinker, director of the Bureau of Economic Geology, explains the energy-environment challenge facing a world in transition.
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Zachry Industrial highlights the benefits of using advanced modeling to plan the construction to update the $10 billion Golden Pass LNG from an import terminal to an import/export terminal, connecting thousands of project participants during COVID-19 lockdowns.
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With global crude prices trading steadily above $100/bbl since March, the world's largest oil company is now the largest company, period.
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The three US lease auctions were the last planned under the current 5-year federal leasing plan.
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The two companies will focus on carbon capture technology along with carbon utilization and hydrogen production.
