Production
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.
Article
June 2023
Operators can gain actionable insight into downhole operations, utilizing an innovative, non-intrusive monitoring system.
Article
June 2023
State-of-the-art automation and optimization are being honed by continuous advancements in digital sensors, remote terminal units for wellsite control and physics-based diagnostics software. The next evolutionary step is fully autonomous well control, demonstrated by an initial pilot project on a group of 100 rod lift wells.
Article
June 2023
By leveraging digitalization at scale to transform field production, the industry can reduce cost and carbon intensity per barrel produced while extracting maximum value from existing resources.
News
June 21, 2023
The strategic alliance and rig acquisition will support DHS Ventures & Holdings target of reaching 75 MMbpd production capacity and gas self-sufficiency for the UAE by 2030, along with plans to unlock its unconventional oil and gas resources.
News
June 21, 2023
This all-new acoustic array platform enables energy companies to find and map fluid flow throughout the well-reservoir system with greater ease and precision, helping them to keep wells safe, clean, and productive.
News
June 21, 2023
The Panther Production Pack series is engineered to deliver robust, fast-acting results, boosting completion and production levels to unprecedented heights. These effective additives allow oil field operators to confidently meet their drilling objectives.
News
June 21, 2023
Honeywell’s UPP Suite enables oil and gas companies to improve production efficiency and asset reliability while reducing operating costs with intelligent controls and predictive analysis packaged into one end-to-end tool.
News
June 14, 2023
The Nigerian National Petroleum Co. should become a minority shareholder in projects it currently controls, potentially generating more than $17 billion by the end of the decade, according to the study by a committee that advised President Bola Tinubu ahead of his inauguration last month.
News
June 13, 2023
Even before the kingdom announced its surprise new measures just over a week ago, the Organization of Petroleum Exporting Countries expected that world inventories would deplete rapidly in the second half amid a post-pandemic recovery in fuel demand.
News
June 06, 2023
During the 35th OPEC and non-OPEC Ministerial Meeting, members reached a consensus on production levels, under the leadership of OPEC President, H.E. Antonio Oburu Ondo, Equatorial Guinea’s Minister of Mines and Hydrocarbons
News
June 06, 2023
Russia restricted oil production data last year due to its “sensitive” nature, making it difficult to assess the country’s compliance with its pledged output cuts beyond official statements
News
June 05, 2023
Global oil demand is forecast to hit a record high this year, but the additional cuts announced on Sunday will bring Saudi production to about 9 MMbpd in July, the lowest since June 2021 when output was still recovering from the depths of the Covid-19 pandemic.
News
May 29, 2023
Taking full control of Surmont’s low-cost production helps ConocoPhillips Chief Executive Officer Ryan Lance meet a commitment to return $11 billion in cash to shareholders this year by letting the company generate free cash flow at even lower crude prices.
News
May 19, 2023
North Africa’s biggest producer should be able to pump about 1.3 MMbpd by the end of the year, Farhat Bengdara, Chairman of the National Oil Company, said in an interview.
News
May 15, 2023
Pipestone Energy Corp. temporarily halted roughly 20,000 boed of output since Friday after blazes resurfaced close to some processing facilities the company relies on. It had restarted assets that were shut in response to a wave of fires in early May.
Article
May 2023
After 60 years of E&P activity, the Cooper basin remains Australia’s largest onshore O&G province, supplying domestic gas markets in southeastern Australia and export markets via the Gladstone LNG plant. This strategic basin has potential for further discoveries, as well as opportunities to play a key role in Australia’s energy transition through CCS projects in depleted fields.
News
May 15, 2023
In 2016, wildfires tore through Aberta’s oil sands, shutting down more than 1 MMbbl of daily crude production and razing whole sections of Fort McMurray, the biggest city in the oil-sands region. This month’s blazes have largely spared the oil sands, but they’ve hammered the province’s drought-stricken west, forcing the evacuation of as many as 30,000 people and curtailing natural gas production.
News
May 15, 2023
The two European companies want to resume their jointly run Cardon IV project “at its maximum capacity,” which is 1.3 Bcf, Tellechea said. It currently pumps 580 MMcf of natural gas to meet Venezuela’s household and industrial demand.
News
May 11, 2023
The main driver of April’s dip was industrial action by Exxon employees that began on April 13 and caused the U.S. major to declare force majeure across its operations.
News
May 09, 2023
“I’m not that worried about the very, very short term,” Suhail Al Mazrouei, the energy minister for the United Arab Emirates, told reporters in Abu Dhabi Tuesday. “Let’s wait. This is not a prediction that I can give now or a decision, this is a collective decision,” on whether further OPEC+ supply adjustments are needed, he said.
