Asset Management
Known as Arena, the collaboration aims to improve decision-making across increasingly complex reservoirs and growing volumes of subsurface data.
Robotic and autonomous systems are transforming energy operations, but their full value emerges only when paired with data science, engineering analytics, and AI/ML to turn data into decisions. The transition of the SPE Robotic & Autonomous Systems Technical Section into the SPE Data Science & Engineering Analytics Technical Section helps bridge this critical technolo…
Trafigura will purchase 100,000 metric tons of battery-grade lithium products under a decade-long take-or-pay contract valued at over $2 billion.
-
This guest editorial examines why geothermal projects require a different planning, financing, and development approach than traditional oil and gas projects. -
As the pace of new discoveries slows and high-quality prospects become harder to find, oil companies may need to rely more heavily on mature fields to maintain production and support future supply.
-
New agreements for exploration and production in Africa include activity in the Orange Basin offshore Namibia, offshore Angola, Senegal, and Côte d’Ivoire. In the Gulf of Mexico, a memorandum of understanding for deepwater evaluation was signed between Woodside Energy and PEMEX and Viridien initiated its Walker Ridge Reimaging Extension. TotalEnergies provided a targe…
-
A shared digital mindset across subsurface, subsea, and drilling and wells is accelerating well planning at Vår Energi.
-
EY reports an 11% decline in reserve additions and the first sub-100% reserve replacement ratio since 2021, even as crude output climbed.
-
Superior seeks to expand its international footprint through the acquisition, which is reportedly valued at $1.2 billion.
-
By acquiring 100% of Ventura’s outstanding shares, SED Energy Holdings would scale its business into a combined $1 billion company backed by a $1.3 billion contract backlog focused on deepwater drilling, shallow-water tender rigs, and seismic acquisition.
-
Shell is continuing to reshape its portfolio with the sale, which includes its interest in the BP-operated Na Kika platform and the Coulomb tieback.
-
The Houston-based energy company's first generating unit has begun producing electricity as it works toward a buildout that could eventually power nearly 1 million US homes.
-
TotalEnergies has signaled its intent to reenter Venezuela after a 5-year absence, while Halliburton has teamed up with Brazil’s independent natural gas operator Evena and Venezuelan engineering firm WESCA to also assess business opportunities.
