Asset Management
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.
The Federal Reserve Bank of Dallas’ third-quarter energy survey reflects industry views on the drawdown of the US Strategic Petroleum Reserve, the outlook for Persian Gulf crude exports, and expectations for oil prices.
-
Louisiana-based Commonwealth LNG project takes two steps forward with Baker Hughes order and Kimmeridge investment. -
The transaction will add significant high-quality inventory offset to Permian Resources’ existing core acreage in New Mexico.
-
Advanced aerial imagery—be it collected from drone, satellite, or fixed-wing aircraft—is one of the best options available for securing the critical information needed to run things smoother in the oil field.
-
The acquisition of Crestwood Equity Partners extends Energy Transfer’s position deeper into the Williston and Permian basins and provides entry into the Powder River Basin.
-
Work is to be executed offshore Congo, the US Gulf of Mexico, Romania, and Germany.
-
Occidental has been an investor in the Canadian climate solution firm since 2019.
-
The winners of this year’s Drillbotics competition are teams from the University of Stavanger and Clausthal University of Technology. Thirteen teams registered last fall, coming from seven countries spanning four continents.
-
The US Department of Energy is planning the country’s largest solar power initiative, while hydrogen and carbon dioxide pipelines spread around the world and ADNOC bets on hydrogen.
-
A $700-million deal completes the operator's strategy to focus on its gas-rich developments in Pennsylvania and Louisiana.
-
The UAE's biggest oil company said it has successfully delivered a pair of geothermal wells to help power cooling systems in Abu Dhabi.
