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.
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For Pioneer, the deal marks its return as a pure-play operator in the Midland Basin side of the Permian region. For, Continental, it represents the first steps into the most productive shale play in the US. -
Shell’s sibling solutions for its Vito and Whale deepwater US Gulf developments are proving the “design one, build two” model can work.
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Over the past 30 years Caspian nations such as Azerbaijan and Kazakhstan have built thriving economies on oil and gas wealth led by global energy companies and a handful of megaprojects. As times change, that model may need to be reassessed.
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Field will deliver gas to Trinidad market from a resource discovered in 2017.
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Where does employment in the oil and gas industry stand today? It remains far from the peak seen in 2014, but it is incrementally recovering. Will it grow, and how?
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There is a general feeling that we may finally be getting out of the pandemic situation, after 18 months of a complete transformation of the way we work, communicate, and move.
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FPSO Sepetiba will be deployed at Petrobras’ Mero field in the Santos basin offshore Brazil.
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Cabaça North will increase and sustain the plateau of the FPSO Armada Olombendo.
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Operator sites Covid-19 related issues for delayed work on massive land parcel.
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The Great Crew Change is all but over, Gen Xers are now managing Baby Boomers, and the oil and gas industry is morphing into the energy industry. Is this the end of an era or a new start for petroleum engineering education?
