Asset Management
Crude benchmarks spiked amid concerns that the US-Iran ceasefire is collapsing as commercial shipping comes under renewed attack.
The company’s millimeter wave drilling system is approaching a depth of 1 km at its Central Texas site. The recent funding is earmarked for Project Obsidian in Central Oregon, which Quaise calls the world’s first commercial superhot geothermal power plant.
Schneider Electric says the deal advances its vision of creating intelligent industrial ecosystems that connect physical assets with digital insights across the asset life cycle.
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Methods inspired by artificial intelligence and software development help generate more ideas that add more value. -
BP and Equinor win four deepwater exploration blocks in the C-NLOPB’s call for bids.
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The deal upon closing at year-end would expand Marathon’s position in the south Texas shale play by 130,000 net acres.
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Contractor will conduct FEED work on ExxonMobil’s Uaru development, which is expected to lead to construction and installation work.
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Makers of continuous sucker rods are out to convince customers that it really is possible to make a better sucker rod that could save them some money.
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The Cengkih discovery will likely be tied back to the nearby Pegaga field.
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The awards are part of the third and fifth bidding rounds launched last year.
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Additional wells are planned for the GOM field in 2023 and 2024.
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In this second part of a two-part series on advances in artificial lift, we’ll look at the state of optimization and a trio of techniques and technologies under development or new to the market. Look for quarterly reviews of specific types of lift in upcoming issues in the new year.
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The government is targeting a “fairer share” of the revenues from oil and gas developments.
