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 epands Cenovus’ SAGD footprint with three Alberta assets.
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The combined company will have a strengthened position in the Permian Basin, and plans to operate 17 hydraulic fracturing fleets in the region. -
The facility is the second delivered under Aker BP’s platform alliance designed to use a more integrated project delivery model.
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Australian E&P rivals will merge to form a $16-billion producer with diverse asset set weighted toward natural gas and LNG.
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The third quarter has so far not seen any mergers and acquisitions in the shale business that top $1 billion.
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The divestments leave PDVSA as sole shareholder of the onshore Petrocedeño project in the Orinoco Belt.
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Brazil has plans to create a competitive gas market. Equinor is operating two big projects that could offer a model for how a company not named Petrobras could market gas produced offshore.
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The authors describe and assess the World Economic Forum’s initiative to develop human capital for the oil and gas industry at Satbayev University in Kazakhstan.
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New reserves will likely be developed via subsea tieback
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Finds could lead to Turkey becoming an exporter of natural gas
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Three-well plus two options campaign could add material gas reserves
