Asset Management
This article from Murphy Oil outlines a modernization effort that resulted in increased scenario simulation capacity by five to 10 times.
The transaction is expected to strengthen the company's position in Alberta’s oil sands and unlock annual synergies of $54 million.
The transition away from materials that contain per- and polyfluoroalkyl substances (PFAS), co-called forever chemicals, creates an opportunity to preserve historical information. Information that appears to have little operational value today may later become important when organizations need to evaluate past PFAS use. Once that information is lost, recreating it may…
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Superior seeks to expand its international footprint through the acquisition, which is reportedly valued at $1.2 billion. -
By acquiring 100% of Ventura’s outstanding shares, SED Energy Holdings would scale its business into a combined $1 billion company backed by a $1.3 billion contract backlog focused on deepwater drilling, shallow-water tender rigs, and seismic acquisition.
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Shell is continuing to reshape its portfolio with the sale, which includes its interest in the BP-operated Na Kika platform and the Coulomb tieback.
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The Houston-based energy company's first generating unit has begun producing electricity as it works toward a buildout that could eventually power nearly 1 million US homes.
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Element One Hydrogen & Critical Minerals and Mantle8 have signed a letter of intent to evaluate and develop natural hydrogen exploration opportunities in British Columbia and Alberta using advanced prospect-generation and subsurface imaging technologies.
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TotalEnergies has signaled its intent to reenter Venezuela after a 5-year absence, while Halliburton has teamed up with Brazil’s independent natural gas operator Evena and Venezuelan engineering firm WESCA to also assess business opportunities.
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With funding opportunities improving, developers and researchers are focused on shortening project learning cycles and reducing uncertainty to attract more capital and speed deployment.
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By integrating reservoir simulation, probabilistic seismic hazard and risk assessment, and machine learning, this study provides a practical framework for translating complex geoscientific research into evidence-based policy and field operations, achieving measurable reductions in seismic risk indicators in the Groningen gas field.
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The US Department of Energy has awarded more than $99 million to 21 projects that will advance geothermal development through field-scale testing of next-generation technologies and exploration drilling programs across the US.
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Considering three different climate pathways, the analysis says holding global temperature rise to 2°C by the end of the century remains possible, though increasingly challenging.
