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At the recent NAPE Global Business Conference, panelists from Hess and Akin Gump gave insight on what plays into developing resources in the Lower 48 or international deepwater.
The U.K.-based research firm said 70% of the fields it studied, which had limited appraisal, were not performing according to the operator’s development plan.
Aker BP CEO Karl Johnny Hersvik said Feb. 2 that in addition to running four to five drilling operations in parallel through the year, near-term exploration is also among the company’s focus areas.
Maintenance programs can help save costs and enhance long-term production.
Torger Rød, senior vice president of projects for Statoil, discusses how the company is driving efficiencies with its E&P activities.
Check out the latest activity highlights from around the world.
E&Ps could find faster returns targeting mature or late-life basins both onshore and offshore, including shallow water, and other areas, according to IHS Markit.
Increased E&P spending, strong global demand and rising commodity prices are among the positives that could lie ahead for the industry, CEOs of oilfield service giants said.
Of the company’s $3 billion of pretax charges for fourth-quarter 2017, more than $1.1 billion was related to WesternGeco seismic restructuring.
Deloitte talks production, exports, technology and more on what trends to watch out for this year.
Will momentum behind electric vehicles threaten the sustainability of oil and gas markets?
Survey shows that the renewables sector M&A activity will likely favor China and Germany, with U.S. policies curbing investors’ interest.