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 oil and gas industry, which had begun showing signs of recovery from a generational downturn, was brought to its knees by the COVID-19 pandemic in 2020. SPE’s technical directors reflect on the pandemic’s impacts and share their outlooks going forward in this annual roundup. -
Petrobras will sell the Rabo Branco field, part of the BT-SEAL-13 concession, to Energizzi Energias.
-
Oil-to-telecom conglomerate Reliance Industries Limited (RIL) and BP have started production from India’s first ultradeepwater gas project, the first of three such projects in the KG D6 block.
-
CNOOC’s Bohai Sea Project has started production ahead of schedule.
-
Work began in December on the Snorre Expansion Project in the southern part of the Norwegian Sea. This increased-oil-recovery project will add almost 200 million bbl of recoverable oil reserves and help extend the productive life of the Snorre field through 2040.
-
If brought to production, the flow of new gas supplies will help cut Jordan’s dependence on oil imports to fuel its power sector and industries.
-
The Greater Buchan Area (GBA) now has four drill-ready prospects to add to discoveries already slated for development.
-
With all critical components nearly in place, production is set to start this year at the Lingshui 17-2, China’s first ultradeepwater gasfield development project.
-
The company will focus on renewables projects such as offshore wind farms and solar farms, gas solutions, production assets, and new energy solutions such as hydrogen and tidal energy.
-
With its third capacity increase in 2 years of production, the third-largest oil field on the NCS is proving to be a powerhouse for Norway.
