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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Senior Vice President Starlee Sykes told an audience at the Offshore Technology Conference that low-carbon barrels from the company's domestic offshore portfolio will help fund its transition plans. -
ExxonMobil has declared force majeure on its Sakhalin-1 operations in the Russian Far East as risk-averse shippers fearing sanctions refuse to transport Sakhalin crude and production starts to fall.
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Technical advancements and innovative solutions have played a key role in the successful journey of sustainability of deepwater developments. These concepts will remain a catalyst for these assets for the next decades, provided the availability of appropriate resources and executive vision.
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The Glaucus-2 well confirms the existence of a multi-TCF gas field.
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Satellite discovery will likely be tied back to one of the Troll platforms.
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Dry hole dampens spirits in Brazil’s Sergipe-Alagoas Basin.
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New FPS hosting production from a trio of deepwater fields.
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Drilling automation champions met to identify where this emerging technology needs to be by the end of the decade. What they ended up agreeing on most was that the business models used today are largely incompatible with the technology of the future.
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This paper describes a successful U-turn trajectory test in South Texas that has created new economic project opportunities for the company and increased optionality within challenged lease spaces across the field.
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Operator purchases outstanding interest in shallow water producing properties
