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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New gas discovery is the first made on the Norwegian continental shelf this year -
Uganda’s Lake Albert appears on track to first oil by 2025. The oil is expected to be exported via the 1443-km East Africa Crude Oil Pipeline.
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Select Water Solutions will focus on water management and added assets in the Permian Basin.
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Record prices and the need for energy security are driving US LNG market momentum.
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The proposed sale notice consists of more than 300,000 acres in three designated areas offshore Louisiana and Texas.
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The company has tapped Bechtel to complete the front-end engineering and design study of the expansion, which would add 20 mtpa of LNG production capacity.
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The UK company will purchase oil producing acreage across the northern part of the south Texas Eagle Ford shale play.
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Equinor advances Irpa and Verdande field development projects closer to first oil with a raft of contract awards.
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Wind projects take center stage around the world, while Canada finalizes a geothermal energy project. In Finland, construction begins on the country’s first industrial-scale green hydrogen facility.
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An International Energy Forum report says oil and gas upstream capital expenditures increased to their highest level since 2014 but more is needed.
