Asset Management
Production delivered by the subsea artificial lift system will equal that obtained by drilling two new wells, according to BP.
Thanks to stepout-well and tieback technologies, Shell’s Mars platform is the first single offshore platform in the US Gulf to produce 1 billion bbl of crude over its lifetime with production expected to continue into the 2040s.
The new guidelines were released prior to reports that enhanced geothermal developer Fervo Energy experienced a blowout in Utah with no reported injuries.
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The contracts kick off another round of development in deep and ultradeep water off India’s east coast in the Bay of Bengal. -
Dutch leaders have voted to halt all future production from the large gas field due to seismic activity linked to extraction operations.
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The latest signs that momentum is building in the geothermal space include military bases.
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The $6-billion Azeri Central East (ACE) platform is the first BP-operated offshore production facility controlled from onshore.
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Kampala is drawing now on international experience to sidestep the “oil curse” before first crude flows from its Lake Albert developments.
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The contractor will install the flowline and related subsea equipment later this year for the Talos Energy-led development.
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If optimized to scale, fast fission reactors could play a role in reducing emissions in field operations by producing carbon-free electricity.
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The updated joint development agreement allows the companies to carve out new markets while they complete pilot testing at a demonstration plant in the Netherlands.
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Operator TotalEnergies wants to rework the EPC contract packages after initial bids challenged project economics.
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Texas has become an early hot spot for geothermal energy exploration as scores of former oil industry workers and executives are taking their knowledge to a new energy source.
