Production
News
July 26, 2023
Riyadh introduced the additional cutback this month — on top of output curbs it’s already making with fellow OPEC+ producers — to shore up oil markets against a fragile economic backdrop.
News
July 24, 2023
(WO) — Following the completion of testing, Parex Resources Inc. has announced the abandonment of its wholly-owned Chirimoya exploration well at VIM-431 in Colombia.
News
July 24, 2023
Chevron Corp.’s board is waiving the mandatory retirement age for CEO Mike Wirth, giving the company more time to find a successor as it notches record production from the world’s most prolific shale basin.
News
July 24, 2023
(WO) — Canadian Overseas Petroleum Limited (COPL) and its affiliates have signed a non-binding letter of intent (LOI) for a joint venture to develop its Cole Creek project in Converse and Natrona Counties, Wyoming, the company announced on Monday.
News
July 17, 2023
The country’s crude yields peaked in 2008 at slightly less than 2 MMbpd and now stand at around 1.10-1.15 MMbpd.
News
July 17, 2023
The nearby — but smaller — El Feel field, which was shut as part of the same protests, has also resumed production, another person familiar with the matter said.
Webcast
Leveraging production facility and methane event data to maximize production while reducing emissions with TechnipFMC’s e-Mission™ Suite and Kuva Systems
August 09, 2023
TechnipFMC
e-Mission™ Suite is a configure-to-order composable digital twin solution that consist of four applications: Thermal, Methane, Tank, and VRU. These offerings provide actionable operational insights to reduce flaring and methane emissions while improving asset integrity for production facility equipment that will aid in meeting net zero goals.
In this webcast, Laura Schilling will be detailing how TechnipFMC’s e-Mission™ Suite leverages production facility and methane event data to maximize production while reducing emissions. Stefan Bokaemper will be explaining how the data captured with Kuva Systems is utilized to identify methane emission events that will aid in determining potential root causes.
Find out more on how these technologies can enable production facilities to reach their net zero goals.
Whitepaper
Finding a Better Lining for Free Water Knockout Vessels
July 13, 2023
Sherwin Williams
News
July 13, 2023
World fuel consumption will increase by 2.2 MMbpd— or about 2% — in 2023, a reduction of about 220,000 bbl from last month’s forecast, the Paris-based agency said in a report on Thursday. Demand nonetheless remains on track to hit record levels later this year, draining inventories substantially in the second half.
News
July 13, 2023
The acquisition includes Gulf Coast and Rocky Mountain oil and natural gas operations. These operations consist of proved reserves totaling over 200 MMboe, with 47,000 oil-equivalent bpd of current production.
News
July 10, 2023
During a meeting held on July 9 in Algiers between Patrick Pouyanné, Chairman and CEO of TotalEnergies, and Toufik Hakkar, Chief Executive Officer of SONATRACH, several agreements were signed to strengthen the cooperation between the two companies in the production of natural gas in Algeria, the delivery of liquefied natural gas (LNG) to Europe, as well as the development of renewables in Algeria.
News
July 06, 2023
The system integrates in-well monitoring and control of gas lift well performance with surface analytics and automation to continually optimize gas-lifted fields, remotely and without intervention.
News
July 05, 2023
The UAE is “doing enough” to contribute to the OPEC+ supply curbs, Energy Minister Suhail Al Mazrouei told reporters in Vienna. He noted the large difference between the nation’s current output — seen at 3.07 MMbpd last month, according to a Bloomberg survey — and its full capacity of 4 MMbpd.
News
June 30, 2023
Laura Daniel-Davis, the Principal Deputy Assistant Secretary of Land and Mineral Management at the Interior Department, said in a letter released Thursday that the agency couldn’t dedicate its “limited resources” to establishing a phase down program, given “competing priorities,” including implementing lease sales mandated by last year’s sweeping climate law.
News
June 30, 2023
The contract, awarded to Petrofac Emirates, is valued at approximately $700 million and involves the Engineering, Procurement and Construction of a new gas compressor plant.
Article
June 2023
Using normalized, dimensionless numbers, electric submersible pump performance can be calculated from the water performance at any viscosity and speed. A patented method accurately predicts the pump viscosity correction factors, including flow, head and horsepower, within 5% in the operating range of the pump from the water performance.
Article
June 2023
Electrical submersible pumping is a proven artificial lift solution for extending production life. However, conventional ESP systems often result in costly workovers and production downtime. By eliminating the need for a rig after initial installation of the permanent completion, operators can reduce costs, carbon footprint and mobilization time, while minimizing deferred oil production.
News
June 26, 2023
Drawing from microbial identification methods used by Irish whiskey distillers, microbiologists from Sherwin-Williams pinpointed the species of black mildew tarnishing ethanol tank exteriors – and identified a coating formulation with superior performance for preventing its growth.
News
June 23, 2023
Eni will acquire assets comprising Neptune’s entire portfolio, other than its operations in Germany and Norway. The German operations will be carved out prior to the Eni transaction, and the Norwegian operations will be acquired by Vår directly from Neptune under a separate share purchase agreement.
