Asset Management
The Society’s archive of technical papers, maps, figures, and geological data sets will be integrated into the GIX platform, enabling geoscientists to query AI agents about exploration opportunities within specific geographic regions while combining historical research with public data, proprietary information, and advanced analytics.
Despite significant progress in capturing associated gas for domestic use, Iraq remains the world’s third-largest gas-flaring country as it aims for higher oil and gas production targets.
With $9.6 billion in assets in the market, the focus is shifting from who is exiting Southeast Asia to who is positioning for entry through acquisition, according to Rystad Energy.
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In the first half of 2020, Canada’s production declined 20% from its 2019 average of 5.5 million B/D as a result of low crude oil prices, reduced demand, and continued production curtailments imposed by the government of Alberta. -
A US Supreme Court decision recognizing about half of Oklahoma as Native American reservation land has implications for oil and gas development and raises regulatory and tax questions that could take years to settle.
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DTEK Oil & Gas this year will conduct a large-scale seismic survey using green technology on a gas-and-condensate field in Ukraine.
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Russia’s Lukoil will sell its entire 40% interest in the Rufisque, Sangomar, and Sangomar Deep (RSSD) contract area to Edinburgh oil and gas producer Cairn Energy for up to $400 million.
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Exploration and production independent CNOOC has produced first oil from its Luda 21-2/16-3 regional development in the Bohai Sea, offshore China.
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The complete paper is an extensive review of the evolution of spar designs, focusing on the progression of work that ultimately led to the application of a transformative concept to the oil industry.
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The national oil company’s remote northern region has delivered a pair of greenfields that await further drilling before a reserves estimate can be made.
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The moves are part of the company’s plan to consolidate its recently acquired business units to stabilize its business following the global pandemic and economic downturn.
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The new geothermal project development company will offer expertise in subsurface and drilling, project development, and risk mitigation.
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The V-shaped recovery for oil demand is likely to end up looking lopsided. The recent rapid rise in consumption is expected to stop before it gets back to the peak seen earlier this year.
