Asset Management
The deal adds over 1,000 potential drilling locations and almost doubles oil production for Houston-based Magnolia.
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.
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Service firms are diversifying their portfolios, in part driven by large-scale budget cuts among operators since the industrywide downturn. -
The FPSO, MODEC's largest size of "gas FPSO" to date, will be the first application of the contractor’s M350 Hull, a next-generation newbuilt hull for FPSOs.
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GAO believes BOEM often undervalues its tracts offered to operators in offshore lease sales.
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Equinor and the Snorre and Gullfaks partners have made a final investment decision for the Hywind Tampen offshore wind farm development. By reducing the use of gas turbines, the project helps cut CO2 emissions by more than 200,000 tonnes/year.
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Wood Mackenzie energy transition experts take on some of the trickiest questions about how to meet the world’s future energy needs while managing climate change.
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With McDermott announcing “substantial completion” of the production platform, operator Pemex is expected to begin commercial operations soon. Abkatun-A2 will produce up to 220,000 BOPD from shallow-water fields in the Gulf of Mexico.
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Eni credits an integrated work model for the startup just 3 weeks after completion. Under the model, various disciplines worked in parallel from the exploration phase and synergies with existing production facilities were leveraged.
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The time it takes for a shale producer to drill a well has been a major focus for the past decade. A new report says the industry should place equal weight on how long it takes a well to actually deliver first oil.
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Expected to close 31 October, the deal will create one of the largest pressure pumpers in the US.
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Is this the end of petroleum engineering as we know it? 2016 SPE President Nathan Meehan dives into the question on the new SPE Podcast.
