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.
-
The consortium will leverage the oil and gas industry's 100+ years of experience and technological developments in drilling and subsurface engineering to advance geothermal. -
Shell and Equinor are progressing the project toward a final investment decision, which is expected later this year.
-
Contracts for the Uaru project’s FPSO and subsea installation were awarded to MODEC and Saipem.
-
The deal covers the supply of a subsea production system for the Uaru project in the country’s prolific Stabroek Block.
-
Offshore work related to the contract is slated to begin in 2024.
-
The rigs will work in the Norwegian Sea and on the Johan Castberg field.
-
Supermajor down, but not out of Brazilian exploration game.
-
Norwegian oil company gets $220 million for 28% of the license.
-
Italian company finds 200 million BOE with its Block 7 exploration well.
-
Considering the admirable perpetual transformation of the deepwater sector and the crucial impetus for change in the industry, the yearning for aggrandized and augmented innovative advancements is needed more now than ever.
