Asset Management
Winners of Alberta's Drilling Technology Challenge cover a range of technologies from robotics to enhance drilling rig safety to AI-enabled energy management, downhole sensing, well navigation, hybrid power systems, and geothermal energy.
The transaction broadens the company's North Sea footprint with long-life assets that boost production and reserves.
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The Spanish E&P company plans to invest more than $11 million by the end of 2018 on startups working in established priority areas, which include resource reuse and sustainability measures. -
An offshore survey identified a decrease in focusing on cost cutting and an increase in preparing to expand operations. With the oil prices above $60/bbl the impetus for negotiation for lower prices by companies and service providers appears to be waning.
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Equinor submitted the development plan for Phase 2 of the Johan Sverdrup project on 27 August with an increased resource estimate and a cut of NOK 6 billion in investment costs.
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This systematic review aimed to evaluate the association between shift work and eating habits and suggests that shift work can affect the quality of workers’ diets. Shift workers show changes in meal patterns, skipping more meals and consuming more food at unconventional times.
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ExxonMobil and Hess led the way in the most active regionwide US gulf lease sale thus far.
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Diamondback is slated to become the Permian’s latest pure-play giant with its pending purchases of Energen and Ajax Resources.
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The US Army of Corps of Engineers pulled the permit application after the company requested an extension on a review deadline for the project, which could accommodate up to 6 million tons of LNG production annually.
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The company will manage the position-keeping for the deepwater project offshore Nigeria, which is scheduled to start production later this year.
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If approved by the US Department of Transportation, the port facility would allow VLCCs and other tankers to directly load cargo, potentially removing a major hurdle for US crude oil exports.
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While US onshore still holds an edge, international oil companies are finding attractive options for diversifying their portfolios, mixing onshore with offshore conventional fields, where finding and development costs are down , and the time it takes to bring them on line.
