Asset Management
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 epands Cenovus’ SAGD footprint with three Alberta assets.
The Federal Reserve Bank of Dallas’ third-quarter energy survey reflects industry views on the drawdown of the US Strategic Petroleum Reserve, the outlook for Persian Gulf crude exports, and expectations for oil prices.
-
The C-NLOPB has green-lit the supermajor’s plans to develop new sands within the field’s Jeanne d’Arc formation. -
The global oil and gas industry’s merger and acquisition arena is ending 2023 with a bang.
-
Twenty-six companies participated in what was the last GOM lease sale scheduled until 2025.
-
Production from the Sparta field is expected to start in 2028.
-
A pilot project will explore onboard carbon capture for container ships, and two heavy-hitters are teaming up to find decarbonization paths in the Asia Pacific region. Elsewhere, wind and solar are on track to pass coal in the race to generate electricity.
-
The deal will quadruple Tokyo Gas' natural gas production volumes from the Haynesville Shale.
-
The Norwegian Sea discovery is the largest, undeveloped natural gas find on Norway’s Continental Shelf.
-
The operator also has increased its stake in the Kaikias field in the Mars basin.
-
Houston-based Occidental said that one reason it is buying private producer CrownRock is to gain more access to the deep, relatively untapped Barnett formation.
-
The deal is subject to Mexico Pacific taking a final investment decision on the proposed third train at the Saguaro Energia LNG Project on Mexico’s Pacific Coast.
