Asset Management
The long-term outlook analysis says a potential shift toward new construction could push 2026 production 3% above 2025 levels.
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 expands Cenovus’ SAGD footprint with three Alberta assets.
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The deal adds acreage in North Dakota’s Williston Basin. -
Increasing downhole pressures were the culprit, rig will be released as planned.
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The confluence of a pandemic, a price war, and extreme weather sent the US production engine into reverse last year, marking the largest annual drop in output on record. New figures on the decline come as the market senses higher oil prices coming.
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Politically powerful natural gas production and transportation companies, along with their regulators, appear so far to have escaped the wrath of the governor and the Legislature in the aftermath of the Texas power outages.
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Oil major boosts its initial offer for transmission assets.
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Saudi Arabia will keep its voluntary 1 million-barrel cut intact while Russia allowed a small production increase.
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New Testing Facility Built To Prove Whether Natural-Gas Foam Is Shale Sector's Next Fracturing FluidA 6-year R&D project concludes with the completion of a technology kit designed to study how combining highly pressurized natural gas and water could be a holistic alternative to traditional hydraulic fracturing.
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ConocoPhillips, Pioneer view Exxon, Chevron as prime movers to bring investment back into the play.
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A new offshore service company has been created combining Baker Hughes’ subsea equipment operation and the drilling hardware made by MHWirth. The joint venture’s goal is to grow and go public.
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Oil boss tells CERAWeek attendees a healthy oil industry will push green energy investment.
