Production
News
November 05, 2023
Saudi Arabia and Russia reaffirmed that they will stick with oil production curbs of more than 1 MMbpd until the end of the year, even as turmoil in the Middle East roils global markets.
News
November 02, 2023
The oil majors’ growth strategies are in the spotlight after Exxon Mobil Corp. and Chevron Corp. agreed a pair of takeovers last month together worth more than $100 billion.
News
November 02, 2023
Stockholm-based Maha Energy has gained rights to a stake in the PetroUrdaneta project that belongs to Brazilian industrial conglomerate Novonor, Kjetil Solbraekke, the Swedish firm’s chief executive officer, told Bloomberg
News
November 02, 2023
OPEC members pumped an average of 28.08 MMbpd in October — about 50,000 bpd more than the previous month, according to a Bloomberg survey.
News
October 31, 2023
U.S. crude oil production jumped to a record high of 13.05 MMbpd in August, the U.S. Energy Information Administration said Tuesday in a monthly report.
Article
October 2023
To enhance oil recovery efficiency during production, a deep understanding of lower well pressure history and reservoir hydrodynamics is crucial. This study offers a comprehensive assessment of the reservoir's hydrodynamic status and effectiveness of the water drive mechanism, providing valuable insights for reservoir analyses in similar oil-rich regions.
News
October 30, 2023
By tailoring the AICVs for each reservoir’s needs based on the fluids viscosity and density contracts, the AICV enables operators to optimize zonal production rates based on the composition of the fluids.
News
October 30, 2023
Exxon Mobil Corp. sees tight global oil supplies putting upward pressure on energy prices for at least the next few years as the world continues to suffer from a lack of investment in fossil fuels.
News
Oil industry pushes South Africa to finalize new hydrocarbon law to increase exploration, production
October 27, 2023
The legislation will ensure the orderly and sustainable development of petroleum resources, the increased participation of Black South Africans in the industry and integrated production and exploration rights, according to its preamble.
News
October 26, 2023
Coretrax will deploy its leading ReLineMNS and ReLineHYD expandable casing patches to effectively isolate trouble zones and increase production on the operator’s existing wells.
News
October 23, 2023
The Gabon coup was the ninth in three years through sub-Saharan Africa, a continent that’s home to more than two thirds of Perenco’s production of 500,000 bpd.
News
October 20, 2023
The sanctions relief follows the issuance of the government’s smallest plan in decades for offshore oil and gas leasing during the next five years, Manchin stressed.
News
October 19, 2023
The project will be built at the Obama flow station, situated in Oil Mining License 63, and will have the capacity to produce 405 million tons per day of liquefied natural gas (LNG) and 294 bpd of crude condensates.
News
October 19, 2023
That Venezuelan recovery, along with a more vigorous rebound in Iran, has helped moderate futures prices this year and helped to offset some of the impact of curtailments by Saudi Arabia and Russia.
News
October 16, 2023
Flowco Production Solutions announced the immediate availability of the APEX Multi-Well Controller, giving oil and gas operators more precise monitoring and control technology to optimize their well pads for gas-lifted, plunger-lifted, and GAPL (gas-assisted-plunger-lift) assets.
News
October 12, 2023
Eni and SONATRACH discussed the joint programs for the development of Eni’s operated natural gas production, as well as gas and LNG export to Europe.
News
October 12, 2023
Having slashed crude output this year to prop up prices, Saudi Arabia and its OPEC+ allies are left with a healthy reserve of spare oil production capacity. Outside of the Covid pandemic — when lockdowns caused demand to slump — it’s the biggest buffer in more than a decade.
News
October 12, 2023
U.S. oil production jumped to 13.13 MMbpd last quarter and is forecast to rise to 13.16 MMbpd in the fourth quarter, according to the Energy Information Administration’s monthly Short-Term Energy Outlook released Wednesday.
Webcast
Unveiling Secure Controllers for Efficient and Automated Operations
November 16, 2023
Baker Hughes
Artificial Lift secure controllers are revolutionizing and shaping the future of the oil and gas industry by enhancing operational efficiency and automation. Discover the cutting-edge advancements and immense potential of secure controllers, while also conducting a thorough gap analysis for field automation. Furthermore, gain a comprehensive understanding of the critical IT cybersecurity requirements associated with these controllers.
News
October 09, 2023
Israel ordered the shutdown of a major gas field run by Chevron Corp., citing safety concerns following three days of violence in the region.
