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 epands Cenovus’ SAGD footprint with three Alberta assets.
-
New projects coming on line throughout the year will vault the nation ahead of Australia and Qatar. -
Energy giant also forms venture with GE to reduce emissions from gas turbines.
-
Regulatory uncertainty continues to hamper Canadian provinces in competition for hydrocarbon investment.
-
Next month, the 23-nation group of crude exporters will raise its allowable production output by another 400,000 B/D.
-
The technical section will focus on the transfer of technology and practices from the oil and gas industry to geothermal energy development and promote industry best practices.
-
Field cluster in the South China Sea expected to produce over 45,000 B/D of oil in 2023.
-
UK-based oil company pulls out of South American country after non-commercial finds.
-
It appears to be possible to sense how fractures change during production using ultrasensitive fiber-optic strain measurements.
-
Sapakara South flow test encouraging, but Bonboni well result disappoints.
-
New phase to venerable field ushers in natural gas, lower-emissions focus.
