Asset Management
The Houston-based developer of AI-powered submersible robotics earned the Best in Show Award and a $10,000 prize.
Industry fundamentals continue to strengthen as rising utilization and scarce replacement capacity support higher rig valuations.
The GRMS system of standardization and classification for geothermal resources, led by a coalition of stakeholders in collaboration with Project InnerSpace and the Society of Petroleum Engineers, will be published in November.
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Mukuyu-1 sidetrack proves a working hydrocarbon system in the Cabora Bassa basin. -
Wellesley estimates that the drilling campaign has proved a developable gas-condensate accumulation of 60 to 100 million BOE.
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The Uganda oil project envisions drilling more than 450 wells on 35 well pads, leading to an estimated production of 230,000 BOPD at its peak once production starts up.
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The next phase of drilling is expected to resume in mid-2024 and includes several sidetrack wells, long-reach directional wells, and stratigraphic exploration wells.
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Challenges to development, including costs, cited as reasons for turning back the acreage.
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Jackup rig Borr Norve has started drilling operations on the project’s fourth production well, DHIBM-6H.
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Fervo Energy’s bet that fracturing methods can be used for geothermal power is looking like a winner.
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Additional milestones reached could add $14 million to purchase price.
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Lebanon hopes to join the club of EastMed gas producers as TotalEnergies and its partners spud an appraisal well near Beirut’s maritime border with Israel where gas is already being produced.
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Wave power plus a subsea battery can be a reliable source for subsea operations, to a point.
