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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Opportunities are created at the intersection of two important energy problems—the need for large-scale, long-term energy storage systems and effective end-of-life field management of historical oil and gas assets. This paper presents a hyperscale energy-storage solution using repurposed idle oil and gas wells to store energy in subsurface saline aquifers. -
The project partners and government came together to salvage the stalled East Canada offshore project now due to produce first oil in 2026.
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The subsea specialist will provide and install flowlines, risers, and umbilicals for the Búzios 8 project offshore Brazil.
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The drilling of wells in shale and granite shares a common need—faster drilling is required to make it work.
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The 10-well plus eight-well option contract should keep the rig busy well into 2024.
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Monies are recoupment for Petrobras’ sunken costs in the Atapu development, to date.
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By turning its back on Russian oil and gas, will Europe speed up or slow down its energy transition, and what will be the impact on global climate change?
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The big oil producers are balancing the chasing of more production with delivering dividends to shareholders. So far, the scale is tipping in favor of shareholders. But it’s not that cut and dried. Simplifying the complexity of the global market shines, at best, a narrow beam on some of the factors affecting production.
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ExxonMobil and its partners now believe they have discovered 11 billion BOE.
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The Norwegian government grants a 20-year license extension for Ekofisk.
