Production
News
January 22, 2025
(Bloomberg) – China’s Cnooc Ltd. said it’ll keep spending flat in 2025, while revising its output targets lower. The country’s biggest offshore oil and gas explorer produced about 720 million barrels of oil equivalent in 2024, according to statement.
News
January 22, 2025
In an exclusive interview with Energy Capital & Power, Pedro Ribeiro shared TotalEnergies strategic plans to enhance field performance, increase production at Waha and Sharara and advance exploration efforts in the Murzuq Basin.
News
January 21, 2025
Libya’s Oil & Gas Minister outlined plans to boost production to 1.6 million bpd in 2025 and 2 million bpd long-term, with brownfield development and local investment at the core, during the Libya Energy & Economic Summit.
News
January 21, 2025
The Energy Workforce & Technology Council (EWTC) and American Petroleum Institute (API) have both issued statements applauding President Trump's swift and decisive action on Day 1 to unleash American energy.
Webcast
Oil & Gas Forecast 2025
February 12, 2025
SLB, NOV
Now in its 99th year, the World Oil Forecast is one of the upstream oil and gas industry's most trusted sources of projections and data relating to global E&P activity. Utilizing data collected from proprietary surveys of governments and operators in the U.S. and worldwide, this definitive industry report includes projections for spending and activity, worldwide drilling and production, and an analysis of political factors impacting the U.S. and international oil and gas industry. Now, more than ever this information will help market leaders make decisions relating to their businesses.
Webcast
Electric Shock Mitigation Tool for PMM-Driven ESP Systems
February 19, 2025
Forum Energy Technologies
Permanent Magnet Motor (PMM) ESP systems offer operators attractive advantages over traditional induction motor ESPs. PMMs do, however, pose a significant risk of electric shock to field personnel during installation and retrieval, as well as at various stages of operations.
Introducing FET Multilift Solutions’ ABS MagneGuard, the new, simple, bolt-on downhole tool that addresses all PMM back -EMF (electric shock) risk situations, providing essential, comprehensive protection of field personnel.
News
January 19, 2025
In an exclusive interview with Energy Capital & Power, Josu Jon Imaz, CEO of Repsol, shares insights on the company’s production growth strategy, a nine-well exploration drilling campaign and its involvement in Libya’s upcoming bid round.
News
January 15, 2025
(Bloomberg) – BP and the Iraqi government agreed the majority of commercial terms toward reviving the Kirkuk oil field on Tuesday, further progress toward a final agreement that is expected early this year.
News
January 14, 2025
(Bloomberg) – Global oil markets will face a widening glut in 2026 as OPEC brings back production and output from the US, Canada and Guyana continues to grow, the US government said in its first set of forecasts for next year.
News
January 09, 2025
(Bloomberg) – Norway’s oil and gas companies delivered record levels of natural gas in 2024 and will drill a similar number of exploration wells this coming year, in a push to offset production declines later in the decade.
News
January 09, 2025
Energy NL has made a submission to the Government of Canada Gazette 1 consultation process, requesting that the federal government abandon its proposed 'Oil and Gas Sector Greenhouse Gas Emissions Cap Regulations.'
News
January 08, 2025
Enverus has released its list of the most prolific 50 public oil and gas operators in the U.S. based on gross operated production last year. "Oilpatch mergers reshape rankings, but the Permian remains king," Enverus reported.
News
January 07, 2025
(Bloomberg) – South Sudan’s government called for the Dar Petroleum Operating Co. to begin resuming oil output on Wednesday, days after neighboring Sudan — through which crude flows to the coast — reopened the route for exports.
News
January 04, 2025
Egypt President Abdel Fattah El-Sisi has emphasized the importance of developing newly discovered wells and including them in the nation's production plan, as well as intensifying exploration activities in Egypt's onshore and offshore areas.
News
January 02, 2025
Activity in the oil and gas sector increased slightly, and production was mixed in fourth quarter 2024, according to executives at exploration and production (E&P) firms responding to the Dallas Fed Energy Survey.
News
January 01, 2025
(Bloomberg) – Senegal’s economic growth rate surged to a record in the third quarter as the West African nation began exporting oil, with the International Monetary Fund predicting a 9.3% expansion next year.
News
December 31, 2024
(Bloomberg) – Oil edged higher in thin holiday trading, heading for a flat performance in 2024 as the market braces for a global surplus next year.
Article
December 2024
Ionic liquids (ILs) are not so new to the world of chemistry or even to the oil and gas industry, but their applications in oil and gas, in particular, are not widely known or utilized. Because there are so many potential IL chemical structures, there are yet to be discovered compounds, and applications, as well. In any case, ILs have, for some time, especially in the last decade, represented a remarkable breakthrough in chemical science.
Article
December 2024
OEE, a specialized insurance policy covering well control incident costs, is becoming a key preventative tool in the oil and gas industry. It not only provides financial protection but also incentivizes proactive well control practices, leading to enhanced safety, reduced risk, and improved business continuity.
Webcast
Reshaping Reservoir Management: Using direct measurements of phase flow for enhancing field production
January 29, 2025
Tracerco
Discover how innovative chemical tracer technology is reshaping reservoir management and field optimization. This webcast highlights low-risk, non-intrusive (non-wireline-deployed) tracer advancements that provide essential insights into short- and long-term phase production and interwell communication. These solutions enable operators to improve well performance, establish best practices, and drive strategic field development—all without costly or disruptive interventions.
Key Takeaways:
-Understand how advanced tracers deliver actionable data for optimizing production.
-Explore real-world case studies showcasing enhanced well performance and operational efficiencies.
-Learn practical applications for improving interwell communication and reservoir management.
-Discover strategies to reduce operational risks, costs, and environmental impact.
News
December 13, 2024
(Bloomberg) – Kosmos Energy Ltd. and Tullow Oil Plc both acknowledged early merger talks on Thursday, following media speculation. Together, the companies would create an Africa-focused explorer with production exceeding 120,000 boed.
