Asset Management
Located along the North Sea, the Humber is expected to play a central role in the UK’s effort to achieve a net-zero emissions status by 2050.
The deal adds over 1,000 potential drilling locations and almost doubles oil production for Houston-based Magnolia.
The sale for $1.8 billion of Solenergi Power, the holding company for Sprng, which develops and operates solar and wind projects across India, follows other realignment actions by the supermajor.
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Ahead of the release of the Trump administration's changes to Obama-era rules governing offshore oil platforms, Michael Bromwich said he is worried. "I don't think they are in the public's interest," he said. -
BP announced four discoveries in the Gulf of Mexico near existing platforms. It use advanced seismic imaging to identify resources in deepwater locations that can be developed cost effectively using platforms nearby.
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Saudi Arabia is trying to push oil prices back up but US producers remain wary and uncertain.
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The decision comes after the company’s discovery of an additional 400 million bbl of oil in place at Atlantis, one of the largest fields in the gulf.
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Safety training must hurdle barriers built by people’s confidence in their misconceptions.
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ProPetro closed its deal to purchase Pioneer’s pressure pumping fleet, boosting its services in the Permian Basin.
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In their outlook for 2019, SPE’s technical directors suggest petroleum engineers take a moment to reflect on the industry’s great feats, and then get back to work to do things better.
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A hands-on workshop set for 14 February in Houston will be led by industry leaders in health, safety, and environment to provide participants the opportunity to learn how to inspire, motivate, and lead for safety and operational excellence.
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Oil prices have fallen since early October in lockstep with the plunge in 2014. But this time oil companies appear better able to deal with a tough situation.
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Producers in Texas have claimed an economic victory with their transition to local sands that they once avoided using in horizontal wells due to their low-quality.
