Asset Management
A credible custody-transfer record depends on far more than the accuracy of a single meter. It is the product of an integrated measurement chain. While meter performance supports measurement-system integrity, commercial confidence also depends on traceability, governance, and authorization.
The Seismos full-scale research center opens to industry, universities, and national laboratories, advancing acoustic sensing across upstream energy, pipelines, critical infrastructure, and national security.
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.
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The report reveals there is no single pathway to a decarbonized energy mix. A combination of energy sources—primarily gas and renewables—will be the quickest route to delivering a supply of affordable, decarbonized energy in the lead-up to the midcentury. -
As part of a deal that could net up to $3 billion, GE will lose majority control of Baker Hughes just two years after it acquired the oilfield service company.
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As part of a plan to increase revenue to more than $1 billion by 2023, the engineering and construction company is moving away from large offshore platforms with fixed substructures, saying that it expects to win and execute a series of FPSO projects in the future.
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The deal sees Energy Transfer gain, among other assets, various crude and natural gas liquids pipelines running from the Denver-Julesburg and Anadarko Basins.
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Still recovering from the oil price downturn, oilfield service companies are facing more headwinds.
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ExxonMobil confirmed an exclusivity agreement with Var Energi for negotiations of a sale that could reach $4 billion, according to Reuters. If it goes through, the deal would make Var Energi the second-largest producer on the Norwegian Continental Shelf.
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Apache has announced the extension of life-of-field contracts between its North Sea subsidiaries and PD&MS Group, Global E&C, and Wood Commissioning Services. The extensions cover the provision of ad-hoc design, engineering, procurement, construction, and commissioning services across the Beryl and Forties fields. Apache, which has been working with the companies sinc…
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In his first public appearance, Schlumberger’s new CEO said the company would focus on digitalization and restructure some operations.
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The move to split oversight of Aramco from the Energy Ministry ends decades of tradition but is designed to avoid conflicts of interest ahead of what could be the largest IPO in history.
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Recent exploration success in the North Sea has motivated Total to invest some $10 billion in the basin over the next 5 years.
