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.
-
The US government is looking at the contractor’s books over possible sanctions violations. -
Will the oil fields of today become the hydrogen fields of tomorrow? Calgary-based Proton Technologies says this is possible and hopes to prove it soon after inking multiple licensing deals with other oil and gas companies.
-
The drilling program is the first exploration well to be drilled in production license 785 S.
-
The find kicks off Petrobras’ latest drilling campaign, which is focused primarily on offshore blocks holding subsalt potential that the company acquired at a series of bid rounds that started in 2017.
-
The Gulf of Mexico discovery, a product of infrastructure-led exploration, boasts 100 million bbl of gross potential.
-
With all permits, personnel, and equipment in place, Zion is set to operate the well.
-
The Hassa-1 exploration well in the prolific Stabroek Block was the giant’s second setback to its drilling campaign in recent months.
-
The SEMZ-11X is the US independent’s second exploration well in the Southeast Meleiha Concession.
-
Last year, events accelerated several trends in the energy landscape. Oil and gas prices have remained low, and the industry is focusing more strongly on reducing costs and increasing operational efficiency. Implementing innovative technologies that increase recovery requires a small investment but can bring large rewards.
-
The $2.59-billion deal advances BP’s effort to divest $25 billion of its global proceeds by 2025.
