Mature fields
Talos Energy founder Tim Duncan has been named executive chairman of newly formed 1947 Oil & Gas, which will focus on acquiring and developing mature, shallow-water assets through its buyout of Renaissance Offshore. The deal is expected to close in Q2 2026.
The country’s foreign investment bid comes as Sonatrach launches its largest capital expenditure outlay—$60 billion to be spent from 2026 to 2030.
ExxonMobil will retain its equity stakes in ongoing Bass Strait projects even as it hands off its operatorship responsibilities to Woodside Energy.
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This paper describes a revamped methodology for field-development strategy formulation, particularly for marginal hydrocarbon resources, by shifting the mindset toward designing with an aim to value in order to improve project viability. -
This paper adds to ongoing research in hydrogen storage, focusing on efficient extraction of hydrogen to be stored potentially in depleted unconventional formations.
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The authors of this paper develop an integrated technical approach that can be used to unlock one of the largest undeveloped resources in an operator’s portfolio.
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Once considered as being on the brink of abandonment, aging reservoirs are proving to be valuable assets as innovative hydrocarbon recovery techniques and re-envisioning of these fields for decarbonization opportunities are transforming them into reservoirs of opportunity.
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Cemvita and ChampionX are launching a pilot project next year to turn an old oil field into one that may yield tons of hydrogen each day.
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A drop in the number of wells drilled on the UK Continental Slope is concerning as many fields in the mature basin are reaching the point of production cessation.
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The authors of this paper discuss the effectiveness of smaller port sizes and the use of dummy and Venturi valves to enhance gas lift performance and maximize recovery in mature offshore fields.
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The company is set to supply offshore well services and subsea systems for Vår Energi-operated fields on the Norwegian Continental Shelf.
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While innovative solutions are being examined for decarbonization, there is one topic that is rarely emphasized as a key driver in the path toward a more-sustainable future—brownfield optimization.
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The challenge of sustaining shale production is growing larger.
