Permian producer Centennial to buy Colgate for $2.5 billion

Centennial Resource Development Inc., a shale oil producer in the Permian Basin, agreed to acquire private equity-backed rival Colgate Energy in a cash-and-stock deal valued at about $2.5 billion.
Shale jobs won't top pre-pandemic levels until 2027

The recovery of the shale patch workforce is still years in the making despite the frothy profits that rallying crude prices are generating for U.S. oil companies and their contractors.
UAE to more than double LNG export capacity with Fujairah plant

Abu Dhabi National Oil Co. plans to build a new liquefied natural gas plant as the world’s producers race to expand their exports amid surging demand.
DTEK’s CEO updates status of Ukraine’s energy/electricity sector

In a weekly online briefing on Thursday, May 12, DTEK CEO Maxim Timchenko discussed Ukraine’s energy security. He provided an update on energy sector operations and restoration of electricity supply amid the Russian invasion.
Aramco topping Apple shows oil is king in energy-short 2022

Saudi Aramco taking the crown of the world’s most valuable company from Apple Inc. underscores investors’ appetite for oil and gas as the countries around the globe battle rampant inflation and fear of energy shortages.
Russia oil revenue up 50% this year despite boycott, IEA says

Russia’s oil revenues are up 50% this year even as trade restrictions following the invasion of Ukraine spurred many refiners to shun its supplies, the International Energy Agency said.

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WBM provides clean solutions, time and money savings in head-to-head tests against NAF

World Oil / May 2022

Michael S. Davis, Travis Vordick

A high-performance WBM, with an innovative polymer chemistry, is exceeding operator expectations in reducing operational time and expense, compared to NAF.

Subsea technology: Achieving a 99% repurpose and recycle rate during decommissioning

World Oil / May 2022

Stuart Nelson

Over the past decade, a subsea provider has been growing its decommissioning capabilities across the North Sea. In a project for Repsol Sinopec Resources, it achieved a 99% repurpose/recycle rate.

Using data from drilling to guide completion designs

World Oil / May 2022

Kevin Wutherich

Existing but previously unused data obtained during the drilling process can now be used to enhance completion design. The author outlines the available data and discusses how it can be incorporated into the completion design process and ultimately provide economic benefits to an operator.

New system builds on proven technology for reservoir management to smaller platforms and satellite wells

World Oil / April 2022

Jon Musselman

A new slickline-deployed, memory-based, cased-hole evaluation system delivers the same quality data used to identify bypassed reserves as conventional wireline but without the higher costs and logistical burdens.

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Oil and gas in the capitals: Casualties of war

The consequences of the war between Ukraine and Russia will be considerable for the energy and oil markets. Given the extent of damages produced by the war and the sanctions taken by NATO countries and their allies, a ceasefire will not imply a return to normal.

Executive viewpoint: Texas oil and gas can save Europe—again

The EU should be buying LNG from friendly countries like America, Australia, and other Western democracies to meet their firm generation needs. It’s dependable, affordable, and cleaner than coal.