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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Tourmaline Oil Corp. said it has agreed to buy smaller Canadian producer Black Swan Energy. -
IGU report highlighted pandemic-related delays that kept many international projects from coming on line in 2020.
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The latest success for the ExxonMobil-led consortium is also adding drillships to support a 15-well campaign in the Stabroek Block.
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The producers operate conventional and unconventional assets across the US Lower 48 and produced a combined 111,000 BOE/D in the first quarter of 2021.
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The all-stock transaction is expected to bolster the newly created operator's production profile to around 160,000 BOE/D.
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The list of potential bidders for Norway’s first tender for offshore wind farm licenses is long. More than two dozen companies and joint ventures from throughout Europe are likely to participate in the tender planned for later this year.
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Energy trader Vitol will take 3 mtpa over a 10-year period.
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Are you trying to stay up to date about developments aimed at energy transition efforts in our industry? This roundup of news presents some of the recent announcements.
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The deal is expected to bolster Southwestern's annual production to more than 4 Bcf/D.
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Brent crude ended the trading session at a 2-year high, while WTI contracts bounced to prices not seen since late 2018.
