Asset Management
Forecasters are divided on whether falling crude demand is a temporary response to high prices or a lasting course correction for global consumption.
This work elaborates on recommended practices for calibrating a numerical model to a set of available infill-well field observations.
In Asia, Valeura Energy and PTTEP advanced a Gulf of Thailand gas project, while Murphy Oil and Seadrill moved forward with projects in Vietnam, Indonesia, and Malaysia. In the Americas, Perenco, Petrobras, and Equinor advanced projects in Brazil, Canada, and elsewhere. Other developments included updates from Equinor, Serica Energy, BW Energy, and Sharjah National Oi…
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In a scenario of accelerated international infection rates, the supply impact would quickly become more severe. If ongoing virus containment efforts prove unsuccessful, production operations at more producing assets in Southeast Asia and beyond could be directly affected. -
Sumitomo Heavy Industries invested $46 million in Highview Power. SHI's subsidiary will also become the technology center and hub for Highview Power's CRYObattery business.
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The first of three major unconventional developments in Saudi Arabia has been given the green light. The project will underpin the country's goal to become a top gas exporter by 2030.
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Indonesia’s production of both oil and gas will most likely fall in 2020, a Rystad Energy analysis shows, despite the country’s official projections of a combined 8% growth year-on-year.
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Suncor gets Canadian approval for Meadow Creek West.
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Romgaz seeks 20% stake in ExxonMobil’s Neptun Deep project
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Petrofac continues working relationship with UAE following contract awards for Dalma Gas Development project.
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The Italian oil and gas company has found its second big well offshore Mexico and is setting its sights on several more in the near future.
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The provider of subscription-based analytics services for the North American oil and gas sector continues its streak of purchasing data-focused firms.
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BP says it is firmly committed to achieving the ambitious target of net-zero greenhouse gas emissions over the next 30 years—even if that means producing less oil and gas.
