Asset Management

The North Sea project, which is sending production to the nearby Ivar Aasen platform, came online 9 months ahead of schedule.

The ASEAN Council of Petroleum and Energy and SPE have taken a step toward deeper regional collaboration, formalizing a Memorandum of Cooperation at OTC Asia 2026. The agreement signals a shared commitment to advancing energy security, sustainability, and technical excellence across ASEAN through expanded knowledge exchange and workforce development.

The transaction creates a new company, NEO NEXT+, which is now the largest independent producer on the UK Continental Shelf.

Conflict‑driven price gains may be offset by higher costs, supply‑chain risks, and a limited appetite for new drilling activity.

The companies' combined technologies enable real-time control of well placement, hydraulics, and rig operations.

CERAWeek panelists see AI as a way to leverage data and people in interpreting data for exploration, but a cultural shift at companies may still be needed.

In this study, forward simulation is executed by a commercial reservoir simulator while external code is developed for backward calculations.

Findings from two new SPE papers argue that the tight-rock sector needs to rethink longstanding assumptions about how hydraulic fractures form underground.

The newest recipient of the title SPE Legend of Hydraulic Fracturing talks about his career, the evolution of fracture stimulation, the development of increasingly useful simulators, and the future of the oil and gas industry. The honor was given at the 2026 SPE Hydraulic Fracturing Technology Conference and Exhibition.

Updates about global exploration and production activities and developments.