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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As the number of discoveries goes down and headwinds increase, the days of the US Gulf of Mexico megaproject could be numbered. -
Ecuador program will involve over 40 wells over 18 months.
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Brazilian state oil company will focus E&P efforts in deepwater.
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Shallow water assets sold include interests in four leases
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Venus well could prove 2 billion-barrel find.
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Geopolitics have led to nearly historical highs in gas and oil prices. The underinvestment in upstream oil and gas has strongly impacted both production capacity and record-low reserve discoveries. Addressing these issues among others, IPTC in Riyadh, Saudi Arabia, was a strong start for SPE this year. To determine the right path forward after the discontinuation of t…
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Formerly Delek Drilling, NewMed interested in Moroccan Mediterranean.
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Many OFS companies have pulled away from the unconventional resources and redirected their efforts into alternate energy and clean technology. There is a limited bucket of money available for these companies to invest in new technology, and with every dollar diverted to ESG, those dollars are taken away from traditional technologies.
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Founded in 2008, GA Drilling is developing plasma-based tools to achieve drilling speeds that are about three times faster than what conventional bit technology has historically achieved.
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Reservoir's permeability prompted a lower peak production estimate at deepwater field.
