Production
At the inaugural SPE/ICoTA Asia Pacific Well Intervention and P&A Conference and Exhibition in Kuala Lumpur, industry leaders highlighted how high-fidelity well data, real-time diagnostics, and predictive technologies are reshaping intervention planning and execution to improve well performance, reduce risk, and optimize late-life asset management.
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Superior seeks to expand its international footprint through the acquisition, which is reportedly valued at $1.2 billion.
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The deal targets increased investment and production from one of the country’s largest onshore developments. -
The US Energy Information Administration said it expects US crude oil production to stay close to 2025 levels in 2026 before dipping in 2027.
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Damage to power distribution systems prompted precautionary shutdowns at two major oil fields.
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Malampaya East discovery is estimated to hold 98 Bcf of gas and may help offset declines at the country’s only producing gas field.
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Equinor, Aker BP, DNO Norge, and Vår Energi received the most licensing offers in APA 2025.
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SPE President Jennifer Miskimins lent her expertise to Science Friday’s conversation about Venezuelan oil, explaining the reality of what it would take to extract and refine it.
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US oil executives say large-scale investment in Venezuela will depend on governance reforms and sustainable legal protections.
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Following a US military operation to arrest Venezuela’s president, analysts say there is no easy fix for the country’s beleaguered upstream sector.
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The platform brings the field’s installed production capacity to 1.5 million BOPD.
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Field results highlight how rethinking tubing-anchor-catcher design can reduce gas interference and support late-life production.
