Asset Management
Xu outlines the thinking and theories that led his team to six world-class oil discoveries that total more than 100 million tons of proven geological reserves since 2021.
The deal adds physics-based reservoir modeling and real-time decision workflows to SLB’s digital portfolio.
Weatherford CEO Girish K. Saligram said the acquisition will bolster Weatherford’s completions offerings and unconventional reservoir capabilities.
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Rystad Energy and Wood Mackenzie highlight key factors shaping the balancing act in the upstream oil market. -
Aramco expects to complete Phase 1 construction of the 9-mtpa facility in 2027.
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Ruwais is slated to be the first net-zero LNG facility in the Middle East and North Africa.
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GEODE is a consortium led by Project InnerSpace and the Society of Petroleum Engineers and funded by the US Department of Energy’s Geothermal Technologies Office.
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The new wells at Zohr are key to a plan to return Egypt’s gas production back to “pre-crisis” levels by June 2025.
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At peak, 100,000 BOE/D is expected to flow to the Whale production semisumbersible, which largely replicates the Vito semi.
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Operators remain cautiously optimistic in 2025, despite regulatory uncertainties.
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The Libyan National Oil Company plans to tender 22 onshore/offshore exploration blocks in 2025 as it works to rebuild credibility with foreign oil producers.
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The acquisition, expected to close in early 2025, will bring Optime Subsea’s umbilical-less technology into Halliburton’s Testing and Subsea division.
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Operator TotalEnergies and rig owner Vantage Drilling form joint venture to purchase the Tungsten Explorer.
