The Latest

E&P Highlights: May 13, 2024

Here’s a roundup of the latest E&P headlines, with a couple fields coming online, as well as new contract awards.

OTC: E&Ps Improving Operational Safety with Digitization

Artificial intelligence and the digitization of the oilfield have allowed for several improvements in keeping operators out of harm’s way, panelists said during the 2024 Offshore Technology Conference.

Exclusive: Cost-effective Benefits of Extracting from Mature Assets

Baker Hughes' well abandonment leader Bart Joppe details the importance of extracting resources from mature assets and the company's approach to managing a well, in this Hart Energy Exclusive interview.

Crescent Energy: Bigger Uinta Frac Now Making 60% More Boe

Crescent Energy also reported companywide growth in D&C speeds, while well costs have declined 10%.

New Permian Math: Vital Energy and 42 Horseshoe Wells

Vital Energy anticipates making 42 double-long, horseshoe-shaped wells where straight lines would have made 84 wells. The estimated savings: $140 million.

Time is Money: Shell Prioritizes Speed with Brownfield Strategy

Shell’s replicant strategy trades customization of the production unit for a sped-up cycle time for Whale, Sparta developments in the deepwater Gulf of Mexico.

Petrobras' Pioneering Tech Powers Decades-long, 2.9 Bboe Production

From discovery to revitalization, the deepwater Marlim Field offshore Brazil has driven development of technology while delivering more than 2.9 Bboe. 

Renewable Energy Producers Prep for More Demand from Big Tech

Dominion Energy expects to connect 15 more data centers this year.

High Pressure, Temps, No Problem: BP Dives Deeper in GoM

BP is preparing for a 2024 FID on Kaskida and 2025 FID on Tiber projects in the Gulf of Mexico, a BP executive said during an OTC keynote.

TGS Starts Up Multiclient Wind, Metaocean North Sea Campaign

TGS is utilizing two laser imaging and ranging buoys to receive detailed wind measurements and metaocean data, with the goal of supporting decision-making in wind lease rounds in the German Bright.