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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The Calgary-based shale producer said the deal involves at least 600 new well locations that will keep it drilling for the next 20 years. -
The proposed transaction also would be the first step in establishing a joint venture between BP and ADNOC.
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The $1.8-billion project will add crucial gas supplies to fuel Trinidad and Tobago's LNG export capabilities.
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A high-resolution acoustic downhole evaluation system nabs top award for 2023.
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TotalEnergies’ flagship ultradeep Egina field won the award at the 15th International Petroleum Technology Conference held earlier this month in Bangkok, Thailand.
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The massive offshore field inches closer to first production with the filing of the unit development plan with Mexican regulators.
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With mobilization in China normalizing, new Wood Mackenzie analysis expects the country to account for almost 40% of global growth in oil demand this year.
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Port Arthur LNG is expected to handle 13 mtpa of liquefied natural gas, with first LNG cargoes expected in 2027.
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Wind projects sweep across the globe; offshore wind and green hydrogen dive into the North Sea; and the Sunshine State gets a bit brighter.
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Our shifting energy landscape requires a new way to measure the amount of energy that can be extracted from any given source against the energy required to produce and distribute it.
