Asset Management
The deal is the largest acquisition in Mitsubishi Corp.'s history and adds one of North America's leading shale gas assets to its portfolio.
The sale for $1.8 billion of Solenergi Power, the holding company for Sprng, which develops and operates solar and wind projects across India, follows other realignment actions by the supermajor.
The deepwater infill project is Esso Nigeria's first drilling campaign in a decade and is expected to boost Usan's production by up to 40,000 B/D.
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The new guidelines were released prior to reports that enhanced geothermal developer Fervo Energy experienced a blowout in Utah with no reported injuries. -
Aramco says it has saved $770 million over the past 3 years from the $70 million it has invested over the same period in corrosion management technologies.
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This article from the SPE Integrated Reservoir Management Technical Section (IRMTS) addresses decision timing across the reservoir cycle.
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BP said it expects to keep the Azeri-Chirag-Gunashli (ACG) project in production into the 2040s by tapping into separate nonassociated gas reservoirs.
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Still flowing nearly 40 years after startup, Gullfaks recently delivered its 5,000th cargo of sweet, low-sulfur crude to Sweden, underscoring how Equinor’s aging shelf assets continue to support Europe’s energy supply.
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Utah, Colorado, Arizona, and New Mexico have formed the Mountain West Geothermal Consortium to turn geothermal energy into gigawatts of baseload power.
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Xu outlines the thinking and theories that led his team to six world-class oil discoveries that total more than 100 million tons of proven geological reserves since 2021.
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The deal adds physics-based reservoir modeling and real-time decision workflows to SLB’s digital portfolio.
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Weatherford CEO Girish K. Saligram said the acquisition will bolster Weatherford’s completions offerings and unconventional reservoir capabilities.
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INEOS Energy and Shell have partnered to invest in Gulf of Mexico exploration, while Eni reported strong productivity from its Geliga 1 discovery in Indonesia. Santos is advancing its Agogo project in Papua New Guinea, and ConocoPhillips received approval to redevelop several previously producing oil fields in Norway’s Greater Ekofisk Area.
