Asset Management
The Absheron gas field expansion will supply additional natural gas to Azerbaijan’s domestic market and support its export commitments to Turkey, allowing Baku to stay focused on meeting its gas export obligations to Europe.
Trafigura will purchase 100,000 metric tons of battery-grade lithium products under a decade-long take-or-pay contract valued at over $2 billion.
A credible custody-transfer record depends on far more than the accuracy of a single meter. It is the product of an integrated measurement chain. While meter performance supports measurement-system integrity, commercial confidence also depends on traceability, governance, and authorization.
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Prices are up, and so is production. But a new report from BP raises important questions as to how the biggest producers will respond to shifting dynamics. -
A report from IHS Markit forecasts continued strong production growth in the Permian over the next 5 years despite the well-documented challenges that have recently emerged in the basin.
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The hollow hook will weigh close to 1000 kg and have a safe working load of 325 metric tons.
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As part of a revised strategic plan, the Spanish company says it will invest more than $9 billion on its overall operations by 2020, with much of it going to its upstream business unit.
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Equinor and ExxonMobil continued their aggressive pursuit of acreage offshore Brazil, collecting more blocks in the country's 4th pre-salt bid round.
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Seeking out, experimenting with, and ultimately embracing technologies from other industries have proven crucial to innovating at oilfield service firms such as Halliburton, which has tried everything from dog food to submarine tech to improve its work downhole.
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Cost containment, digital technology’s impact on the industry, and cautious optimism permeated discussion and technical and panel sessions during last month’s Offshore Technology Conference (OTC).
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Oil and gas entrepreneurs need more than just a brilliant idea to attract investment, and investors have to offer more than just money.
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The world’s sources of oil and gas supply and demand are changing, which is captured by a report from the International Association of Oil & Gas Producers. Technological advancements and economic development are serving as catalysts behind a new energy landscape.
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Understanding the behavior of subsea reservoirs traditionally takes months and millions of dollars. A new company says it can do this with a very targeted way in less than a week, for only thousands of dollars.
