Asset Management
Aramco says it has saved $770 million over the past 3 years from the $70 million it has invested over the same period in corrosion management technologies.
This article from the SPE Integrated Reservoir Management Technical Section (IRMTS) addresses decision timing across the reservoir cycle.
BP said it expects to keep the Azeri-Chirag-Gunashli (ACG) project in production into the 2040s by tapping into separate nonassociated gas reservoirs.
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Partners will go back to the drawing board to design a new well to reach the prospect’s primary objectives. -
First oil from Beacon Offshore’s Shenandoah is on track for the second quarter of 2025. Project partners also have sanctioned a second phase of development and are advancing plans for a related project.
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Arcius’ remit covers the Shorouk concession, home to the Zohr gas field whose production decline has been fueled by a lack of investment.
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New IEA Report: Next-Generation Geothermal Can Go Global, But Oil and Gas Industry Must Show the WayThe upstream sector could help unlock geothermal energy’s potential but up to $1 trillion in project spending would be necessary over the next decade, the report says.
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Deepwater subsea tieback expected online by the end of the decade, targeting more than 300 million BOE.
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The institute is tasked with accelerating the deployment and scaling of cost-effective climate technology.
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The acquisition will add water infrastructure in both the Midland Basin of west Texas and the Williston in North Dakota.
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Supermajor reached a final investment decision on a two-well subsea development to be hosted by the Perdido spar platform in the deepwater Gulf of Mexico.
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A dozen new platform supply vessels will be supplied by Bram Offshore and Starnav Serviços Marítimos.
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The environmental impact statement is a required step before another lease sale can be held in the Gulf of Mexico, a move welcomed by the oil and gas industry.
