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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CNPC’s record-breaking 11,100-m exploration borehole in the Taklamakan Desert promises to unlock the science of producing oil and gas trapped in the world’s deepest reservoirs. -
First gas is flowing from IOG’s Blythe H2 well, part of the Southern Banks gas development in the UK southern North Sea.
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Well and sidetrack encountered pay in the targeted Santonian interval.
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Challenges including increases in UK taxation have prompted operator Parkmead Group to drop plans to develop its Greater Perth project in the North Sea.
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Follow-up sidetrack tested up to 5,000 B/D of oil.
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Picking up the pace of innovation and demonstration of advanced nuclear reactors is required if nuclear is to play a role in decarbonization beyond electricity by providing low-carbon heat or hydrogen.
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The record-setting probe has yielded a discovery estimated to be between 53–90 million BOE.
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Successful well trio adds as much as 30 million BOE of recoverable reserves.
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The drilling of the Berling field will begin in the third quarter of 2026, with gas and condensate production expected in 2028.
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A new report said the US supermajor has made its second move in a month to enter the emerging lithium extraction industry.
