Asset Management
The long-term outlook analysis says a potential shift toward new construction could push 2026 production 3% above 2025 levels.
Lower operating expenditures and a changing asset mix helped UKCS operators cut average production costs by 9% year over year, despite relatively flat production levels, according to the NSTA.
The deal adds 40,000 B/D of production and expands Cenovus’ SAGD footprint with three Alberta assets.
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Three wells planned, including a Hibiscus Extension well. -
Victories by climate activists targeting Shell and Exxon Mobil have packed a strong punch. What does this foretell for the next round in the climate debate?
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The facility would be the first of its kind in the US and is planned to be located in West Texas’ Permian Basin.
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In a joint communiqué, the Group of Seven nations has called for an “absolute end” to new direct government support for unabated international thermal coal power generation by the end of 2021 and for fossil fuel financing to keep the objectives of the Paris Agreement within reach.
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UK major offloads North Sea stake to Tailwind Energy as it continues to adjust its portfolio in the region.
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The latest deal bucks a trend that has been dominated by moves to consolidate assets within a single basin by creating a multibasin company that its leaders say is better prepared for the "commodity roller coaster."
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Founded in 2017, Fervo Energy is aiming to leverage multistage hydraulic fracturing technology to create more-efficient geothermal wells that will power the Internet company's data infrastructure by 2022.
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The roadmap presented by the International Energy Agency requires extreme measures that could be career changing for petroleum engineers.
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With the world transitioning to a lower-carbon future, oil and gas firms face a conundrum: Should they stay in the oil patch or head for greener pastures?
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The EU sees the tightening requirements for gas investments, along with the cancellation of planned gas projects, as being in favor of renewables.
