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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Billionaire-founder boosts his original offer made in June to secure the deal. -
ADNOC is hiring more jackup drilling rigs to boost offshore production of its more carbon-friendly brand of crude.
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Ben van Beurden said quitting was impossible because the Netherlands was dependent on Groningen gas.
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M&A market activity in the third quarter delivered the best showing of 2022 despite price volatility and a dearth of deals in the prolific Permian Basin.
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The Permian Basin operator said the purchase translates to more than a decade of additional inventory.
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Occidental Petroleum is considered one of the upstream industry’s most dynamic companies after making major investments to boost oil and gas production while also scaling up low-carbon technologies.
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The reduction is the largest OPEC+ has made since April 2020, but it may translate to a cut of only 1.1 million B/D because of underproducing members.
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In this first part of a two-part series, we look at how the artificial-lift sector has adapted to producing unconventional resources. The second part of the series to publish in November will crack open the lift toolbox to take a deeper look at the techniques and technologies under development or new to the market.
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Success at Ofelia sets up another tieback development to the nearby Gjøa platform.
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The company will produce twilight barrels and conduct abandonment work when the field is deemed uncommercial.
