Asset Management
Lower operating expenditures and a changing asset mix helped UKCS operators cut average production costs by 9% year over year, despite relatively flat production levels, according to the NSTA.
The deal adds 40,000 B/D of production and epands Cenovus’ SAGD footprint with three Alberta assets.
The Federal Reserve Bank of Dallas’ third-quarter energy survey reflects industry views on the drawdown of the US Strategic Petroleum Reserve, the outlook for Persian Gulf crude exports, and expectations for oil prices.
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Exploration test could yield as much as 200+ million BOE. -
The Netherlands will end gas production from giant field discovered in 1959.
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Data gathered from the well will be used to inform the next steps for Keskesi appraisal.
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Operator will not participate in Sea Lion project in the Falkland Islands.
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The pressure pumping business has been looking up this year, but the price paid to buy a big player in that business, FTS International, suggests growth may not last.
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The new pledge from the world's largest oil producer comes just days before the 26th United Nations Climate Change Conference is set to meet in Glasgow, Scotland, to discuss new climate targets and initiatives.
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BP boss is joined by ADNOC chief and India's oil minister in urging increased investment in everything from storage to fuel diversification.
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Two years ago, a longtime petroleum engineer and former SPE President dared to speak of a future in which his discipline had seen peak employment. He’s back again with a new paper that tries to explain where things may go from here.
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As COP26 looms, the International Energy Agency says governments must send an “unmistakable signal” about clean energy ambition and action if the world wants to avoid the worst effects of climate change.
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Banks are finding more success with ESG-related bond sales than they are with fossil fuels. Renewable-energy firms may be able to combine the funding advantages of being a corporation with the tax advantages of being a partnership. Shell boosts solar in Brazil. And a new water-based, bio-based surfactant may be a game changer.
