Asset Management
The long-term outlook analysis says a potential shift toward new construction could push 2026 production 3% above 2025 levels.
Lower operating expenditures and a changing asset mix helped UKCS operators cut average production costs by 9% year over year, despite relatively flat production levels, according to the NSTA.
The deal adds 40,000 B/D of production and epands Cenovus’ SAGD footprint with three Alberta assets.
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Challenges to development, including costs, cited as reasons for turning back the acreage. -
Lebanon hopes to join the club of EastMed gas producers as TotalEnergies and its partners spud an appraisal well near Beirut’s maritime border with Israel where gas is already being produced.
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Fervo Energy’s bet that fracturing methods can be used for geothermal power is looking like a winner.
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Wave power plus a subsea battery can be a reliable source for subsea operations, to a point.
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Woodside confirms key contracts for deepwater Mexican Gulf development.
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National oil companies and traditional upstream players are progressively focusing on cleaner and more environmentally friendly energy initiatives.
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Norwegian energy company Equinor has acquired a 25% stake in the Bayou Bend CCS project from Houston-based Carbonvert.
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Registration is open for the SPE Europe Energy GeoHackathon, which will be held in October and November. It will be preceded by 4-week online bootcamp sessions on data science and geothermal energy, which will begin on 2 October.
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The deal is expected to support the LNG producer's Sabine Pass Liquefaction expansion project.
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The contractor will install flexible pipe and subsea structures on the field in Block 17 offshore Angola.
