Reservoir

The US Department of Energy and Pennsylvania Department of Environmental Protection will convert a horizontal Utica Shale gas well into an enhanced geothermal system. Building directly on horizontal drilling and completion practices developed in the Utica, the project will include evaluation of optimal well orientation, lateral placement, and spacing.

An asset swap with PDVSA helps consolidate the supermajor’s heavy-oil operations in the country.

Co-owner Chevron confirmed the find at the Bandit prospect offshore Louisiana and suggested it may become a subsea tieback to existing faciltiies operated by Occidental Petroleum.

The multiyear contract with YPF includes electric pumping units and automated stimulation services.

The Orange Basin and Gulf of Guinea will see most of the high-impact drilling activity planned this year in Africa.

Technology and partnerships remain important, while phased approaches may supplant lengthy appraisal programs, experts said during CERAWeek.

Analysts weigh near‑term risks for Middle East oil and gas producers after a tentative 2‑week ceasefire between the US‑Israeli coalition and Iran.

Conflict‑driven price gains may be offset by higher costs, supply‑chain risks, and a limited appetite for new drilling activity.

This paper describes the operator’s initiative to reduce greenhouse-gas emissions and recover additional hydrocarbon, monetizing it as sales gas, by integrating upstream and downstream gas facilities in a unified approach.

Examples demonstrate how an Integrated Operations Center as a Service (IOCaaS) model, powered by artificial intelligence, reduced costs by 5% and increased production by 6% in Canada.