... to dismiss fossil fuels or to suggest that they are at the beginning of their end.” The oil-producing nations group said the IEA’s thinking on fossil fuels is ideologically driven rather than fact-based, and predictions like these are “dangerous” because they are often accompanied by calls to stop investing...

... will continue to grow into the 2040s. The latest projection from IEA (October 2022) illustrates these points. For example, as I am writing this column, Norway approved more than $18 billion investments to develop 19 oil and gas fields. Consensus also appears to indicate that policy will influence the speed...

... such as safety, identification of malfunctioning equipment, or early detection of operational inefficiencies; and 3) alleviating environmental concerns of the investment community. He believes this advances a long-term strategy to secure oil and gas’s potential as part of the future energy mix. Regardless...

... Sea. The equity holdings were acquired by the remaining project partners, BP, Equinor, and TotalEnergies. The need for return on investments (ROI) was highlighted in a survey of global energy and natural resource executives by Bain & Co. in May. The responses showed executives believe...

... russian invasion intervention source transition affordability sustainability europe government investment invasion company requirement innovation exhibition mitigation 1 5 2023 1 5 2023 1 5 2023 1 5 2023 Copyright 2023, Society of Petroleum Engineers FEATURE...

... and Exhibition 1 5 2023 1 5 2023 1 5 2023 1 5 2023 high pressure high temperature hpht expertise upstream oil & gas complex-well construction leveraged dclg complex reservoir geothermal well leveraging oil synopsis wellbore stability investment energy production...

...Amir Alwazzan The dearth of investments, burgeoning stringent environmental regulations, and the looming energy transition all can be serious hindrances to the oil and gas industry. While several questions are being asked about the steadfastness of alternatives to competently meet the growing...

... approvals and are under construction with another dozen either expansion or greenfield projects that have received regulatory clearances but have yet to break ground. Analysts at Wood Mackenzie see a massive investment opportunity for this next wave of US LNG terminals and predict three new projects...

... in the country increased and more associated gas was produced and flared. The national oil company, Saudi Aramco, had no interest in capturing gas produced from its oil operations. No local or regional market for it existed, and exporting the gas would have required substantial infrastructure investments...

... is in the third quarter of 2024. Rystad Energy’s Audun Martinsen, head of supply chain research, forecast a rise in low-carbon investments by $60 billion in 2023, 10% higher than 2022. Hydrogen and CCUS are expected to see the most significant annual increase, growing 149% and 136%, respectively. Total hydrogen...

.... Copyright is held partially by SPE. Contact SPE for permission to use material from this document. sustainability upstream oil & gas north america government texas sustainable development investment social responsibility geothermal sage geosystem united states government wind energy...

... millions of real dollars in M&A valuation and return on investment from operating. Non-production data are produced by original equipment manufacturers (OEMs) and service companies. This data set provides a clearer understanding of the cost to drill, challenges associated with specific equipment...

... its annual budget by about 14% in the 2023–2025 period to about $14 billion per year and appears to be targeting about $6 billion for new oil and gas assets and $4 billion for new energy. Saudi Aramco approved $296 billion for 2023 and has created a $1.5-billion sustainability fund to invest...

... to be combusted and may help investors understand which assets may be at risk of being stranded as the energy transition evolves. Stranded assets are now generally accepted to be those assets that at some point before the end of their economic life (based on the time of the investment decision) no longer deliver...

... capacity by 2030, “enough to power 10 million homes with clean energy, support 77,000 jobs, and spur $12 billion per year in private investment in offshore wind projects”, according to the announcement. This is the equivalent to more than 2% of the US utility-scale electricity generating capacity and about...

..., and investment. Does this all mean the glib comment about the “Stone Age” is about to come true? No. Not yet, anyway. At the turn end of the 19th century, coal was the major energy provider, but by the end of the 20th century, despite there being known huge reserves underground, coal mining had significantly...

... companies began buying the discards from big oil companies looking for the next giant field—cut costs and invest some of the earnings to extend the productive life of the existing platform. At this year’s Offshore Technology Conference (OTC), Rossi provided an example by describing how PetroRio acquired two...

... 1 7 2022 1 7 2022 1 7 2022 Copyright 2022, Society of Petroleum Engineers upstream oil & gas climate change ccus investment co 2 eor pipeline subsurface storage china decarbonization transportation transport co 2 full-chain ccus cost primary energy...

... and dividends. Gretchen Watkins, Shell USA president, said her company intends to make investor returns and increase production and investments in renewable energy. Several of the executives pointed to their industry’s record losses during the pandemic when demand tanked (global fuel consumption fell by more...

... 2022. Copyright is held partially by SPE. Contact SPE for permission to use material from this document. sustainable development nuclear power sustainability social responsibility power plant generator nuclear energy reactor decarbonization climate change investment general fusion...