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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DJ Basin player enters the Permian Basin with a pair of asset purchases from private-equity vehicles. -
The 500-million bbl find in the Mexican Gulf is expected online in 2028.
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The US-based drilling contractor and well completions company will combine to form the second-biggest service company in North America.
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A concurrent deal to sell off some of the acquired assets to Northern Oil and Gas will effectively lower the acquisition cost to $1 billion.
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A Kimmeridge Energy executive said at the Unconventional Resources Technology Conference that he wants to "make unconventional resources investable in a low-carbon world."
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The first long-haul overland conveyor system to deliver proppant is under construction in the Permian Basin.
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The Swiss-based company Hydromea announced advances in underwater optical modem technology and development of an underwater monitoring system capable of daily data sweeps remotely.
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Cash from the Japanese transport specialists will be used to bring Deflin FLNG vessels to FID.
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The startup known for helping introduce Bitcoin mining to the upstream industry is now also offering cloud computing using associated gas.
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In the world of wind, Equinor has postponed its initiative indefinitely while Repsol moves ahead in Italy, and Portugal plans to auction offshore leases for wind farms.
