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.
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Energy giant also forms venture with GE to reduce emissions from gas turbines. -
Regulatory uncertainty continues to hamper Canadian provinces in competition for hydrocarbon investment.
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Next month, the 23-nation group of crude exporters will raise its allowable production output by another 400,000 B/D.
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The technical section will focus on the transfer of technology and practices from the oil and gas industry to geothermal energy development and promote industry best practices.
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Field cluster in the South China Sea expected to produce over 45,000 B/D of oil in 2023.
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UK-based oil company pulls out of South American country after non-commercial finds.
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It appears to be possible to sense how fractures change during production using ultrasensitive fiber-optic strain measurements.
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Sapakara South flow test encouraging, but Bonboni well result disappoints.
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New phase to venerable field ushers in natural gas, lower-emissions focus.
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Santos basin pre-salt find to be further evaluated following completion of well.
