Asset Management
The loan to Arena Energy will generate an estimated 38,600 B/D in new production from 22 platforms in the Gulf.
This article from Murphy Oil outlines a modernization effort that resulted in increased scenario simulation capacity by five to 10 times.
The transaction is expected to strengthen the company's position in Alberta’s oil sands and unlock annual synergies of $54 million.
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In making a historically small production quota hike, OPEC+ members outline some big concerns about the group's ability to keep up with demand. -
The operator finds around 180 million bbl at Krabdagu, water at Rasper.
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The development comprises a pair of subsea wells tied back to existing infrastructure.
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The award follows BP’s participation in a limited bid round held in 2021.
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The partnership of Subsea 7 and Flasc has a plan to use out-of-service pipelines as pressure vessels in a hydro-pneumatic energy storage concept.
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New awards and extensions to previous work are valued at almost $500 million.
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The assumption of lower emissions from natural gas only holds true when the methane leaks and flaring are addressed. Mitigation of methane emissions offers an opportunity for the oil and gas industry to drastically reduce overall emissions that are typically reported on a CO2-equivalent basis. Some producers opt to showcase their good performance via voluntary certifi…
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The license covers exploration and development of area fields for next 27 years.
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Europe is providing a stark look at the vagaries of geo- and energy politics and how quickly complacency can be shattered. Will its lessons learned be heeded by the rest of the world?
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The former North Platte discovery gets new owner, new name
