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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Unconventional producers around the world have been hamstrung by expensive and cumbersome options when it comes to obtaining reservoir data. Among the latest ways to break past these barriers is a new method developed by Canadian researchers and field tested in Australia’s unconventional frontier. -
In the first half of 2020, Canada’s production declined 20% from its 2019 average of 5.5 million B/D as a result of low crude oil prices, reduced demand, and continued production curtailments imposed by the government of Alberta.
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A US Supreme Court decision recognizing about half of Oklahoma as Native American reservation land has implications for oil and gas development and raises regulatory and tax questions that could take years to settle.
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DTEK Oil & Gas this year will conduct a large-scale seismic survey using green technology on a gas-and-condensate field in Ukraine.
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Russia’s Lukoil will sell its entire 40% interest in the Rufisque, Sangomar, and Sangomar Deep (RSSD) contract area to Edinburgh oil and gas producer Cairn Energy for up to $400 million.
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Exploration and production independent CNOOC has produced first oil from its Luda 21-2/16-3 regional development in the Bohai Sea, offshore China.
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The national oil company’s remote northern region has delivered a pair of greenfields that await further drilling before a reserves estimate can be made.
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The moves are part of the company’s plan to consolidate its recently acquired business units to stabilize its business following the global pandemic and economic downturn.
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The new geothermal project development company will offer expertise in subsurface and drilling, project development, and risk mitigation.
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The V-shaped recovery for oil demand is likely to end up looking lopsided. The recent rapid rise in consumption is expected to stop before it gets back to the peak seen earlier this year.
