Asset Management
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.
Still flowing nearly 40 years after startup, Gullfaks recently delivered its 5,000th cargo of sweet, low-sulfur crude to Sweden, underscoring how Equinor’s aging shelf assets continue to support Europe’s energy supply.
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Inpex’s investments in wind, solar, and battery storage through 2030 will also support decarbonization at the Ichthys natural gas and LNG project in northern Australia. -
The acquisition marks a significant step forward in H&P’s international expansion strategy.
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The company behind a 42-mile sand conveyor system is now leaning into autonomous vehicles for proppant logistics.
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In addition to securing the rig, Equinor has, on behalf of the partners, awarded SLB, Baker Hughes, and Halliburton agreements for drilling and well services for the Raia project worth around $109 million.
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The tieback to the Energean Power FPSO is expected to deliver first gas in the first half of 2027.
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The $900-million purchase will give Woodside a US LNG footprint and expand the operator’s LNG presence.
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The process developed by Moscow’s Skolkovo Institute of Science and Technology shows promising results in the laboratory, suggesting a novel method to produce hydrogen from natural gas reservoirs while trapping carbon in permanent storage.
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The Louisiana-based private producer is taking on more assets previously owned by Shell as it looks to secure its deepwater future.
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A new article offers a comprehensive review of worldwide energy transitions to carbon neutrality and introduces the Decarbonization Index, an innovative indicator designed to gauge the progress of a nation’s energy transition.
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The Persian Gulf nation is hoping that offshore exploration will help boost its production capacity to 4 million B/D by next decade.
