Asset Management
Alongside the new subsea awards, Equinor strengthened its position in the 400-million-bbl Bay du Nord development by acquiring BP’s interest in the project.
A new licensing deal with ZL Chemicals will make Chevron’s unconventional EOR technology available to other tight-oil producers.
Spain has granted permits covering a swath of the mountain range to Mantle8 for natural hydrogen and helium exploration a month after France granted the company similar permits.
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Shallow water assets sold include interests in four leases -
Venus well could prove 2 billion-barrel find.
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Geopolitics have led to nearly historical highs in gas and oil prices. The underinvestment in upstream oil and gas has strongly impacted both production capacity and record-low reserve discoveries. Addressing these issues among others, IPTC in Riyadh, Saudi Arabia, was a strong start for SPE this year. To determine the right path forward after the discontinuation of t…
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Formerly Delek Drilling, NewMed interested in Moroccan Mediterranean.
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Many OFS companies have pulled away from the unconventional resources and redirected their efforts into alternate energy and clean technology. There is a limited bucket of money available for these companies to invest in new technology, and with every dollar diverted to ESG, those dollars are taken away from traditional technologies.
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Founded in 2008, GA Drilling is developing plasma-based tools to achieve drilling speeds that are about three times faster than what conventional bit technology has historically achieved.
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Reservoir's permeability prompted a lower peak production estimate at deepwater field.
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Mexico’s Ministry of Energy has completed the unitization resolution between the blocks that share the Zama reservoir.
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High oil prices will mean more spending on workovers to eke out more oil and gas from older wells. The amount will depend on finding those willing and able to do that tricky work.
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'I’m honored that IEA members have put their trust in me to lead the agency into a new era following what I believe may turn out to be the most consequential ministerial meeting in the IEA’s near 50-year history,' Birol said.
