Asset Management
Crude benchmarks spiked amid concerns that the US-Iran ceasefire is collapsing as commercial shipping comes under renewed attack.
The company’s millimeter wave drilling system is approaching a depth of 1 km at its Central Texas site. The recent funding is earmarked for Project Obsidian in Central Oregon, which Quaise calls the world’s first commercial superhot geothermal power plant.
Schneider Electric says the deal advances its vision of creating intelligent industrial ecosystems that connect physical assets with digital insights across the asset life cycle.
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New probe extended past 5.3 miles deep in Tarim Basin. -
Life-extension project will double the facility’s life in hopes to double its output to date.
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The new well in offshore Bloc 9 is expected to wrap up by year-end.
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Plan granted contains permission for one appraisal well and up to six horizontal development wells.
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The acreage comprises 10 leases covering approximately 25,430 contiguous acres.
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SMJ will get 50% nonoperating interest in the PSC.
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A look at recent first‑quarter results reminds us that there is no such thing as a constant trend in our industry. Continual recalibration of companies’ activities aim to obtain positive financial results in the traditional oil and gas business while devoting efforts in a practical way to both mitigate climate change issues and to develop new forms of energy.
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No one expected the transition to be without hiccups, and recently, those hiccups have been heard within and outside the oil and gas industry.
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Artificial intelligence (AI) tools have been used in geological survey methods for many years. Gaining insight into the scale and trends of this implementation could assist surveyors in making informed decisions about buying or developing new technologies.
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The deal with XTO Energy adds about 62,000 net acres to Chord’s inventory.
