Production
News
November 11, 2019
Since the introduction of Chemraz, Greene Tweed has released more than 80 compounds for reliability in the most demanding operating conditions, such as rapid gas decompression, and in temperatures ranging from -40°C to 324°C.
News
November 08, 2019
Alberta loosened crude-oil production limits for the second time in two weeks, exempting new conventional wells from output caps in a bid to spur drilling and boost employment.
News
November 07, 2019
The U.S. Energy Information Administration reports that changes in the oil investment and production cycle may be affecting trading dynamics for West Texas Intermediate (WTI) and Brent crude oil futures contracts.
News
November 07, 2019
U.S. shale production—the chief source of rapid growth that made the United States the world’s largest oil producer—is slowing down fast, says a new report by IHS Markit.
News
November 06, 2019
Diamondback Energy Inc. said it’s fundamentally changing the way it forecasts future growth after becoming the latest Permian basin shale producer to hit operational hurdles.
News
November 04, 2019
Ingu Solutions, a Calgary-based technology company whose Pipers technology is dedicated to the pipeline inspection industry, announced it raised growth capital from Energy Innovation Capital and Chevron Technology Ventures.
News
October 31, 2019
Oil slid the most in two weeks after Saudi Arabia boosted crude output by more than a million barrels a day against the backdrop of renewed worldwide trade woes.
News
October 31, 2019
The move is a boon to explorers constrained by the curtailment program imposed this year to stave off a collapse in western Canadian heavy crude prices brought on by a lack of pipeline space.
News
October 30, 2019
The Saudi offer highlights Brazil’s growing importance as an oil producer as well as the challenge it poses to the producer group’s influence on crude markets.
News
October 29, 2019
Bonds of Petroleos Mexicanos rose after the producer reported the first output increase in six quarters as it taps easier-to-reach onshore and shallow water fields.
News
October 29, 2019
Saudi Arabia’s Energy Minister Prince Abdulaziz said his country is ready to make deeper cuts in oil output than it agreed to with other global producers, according to Nigerian Minister of State for Petroleum Resources Timipre Sylva.
News
October 29, 2019
The facility addresses full-service safety and environmental solutions for the oil and gas industry and equipment installed in potentially explosive atmospheres with an expanded footprint marking UL's 99-year presence in Canada.
News
October 28, 2019
“Independent, unbiased analysis can shed a light of truth on management projections,” said Nick Volkmer, RS Energy’s vice president of intelligence. “It’s well-known that management teams are often compensated for production and reserves growth, incentivizing optimism and a rosy view of the future.”
News
October 27, 2019
Oil posted the biggest weekly gain in more than a month as supplies tightened and the White House signaled progress on U.S.-China trade talks.
News
October 27, 2019
U.S. shale production has turned the world “on its head,” and Goldman Sachs Group Inc. is “off a bit” in a report last week saying that the bonanza is fading, Perry said on Sunday in Dubai.
News
October 24, 2019
Kuwait, OPEC’s fourth-biggest member, is considering cuts to its oil production capacity targets, in large part because mounting concern about climate change will constrict demand for fossil fuels.
News
October 23, 2019
The memorandum lays the basis for LUKOIL’s potential participation in projects to explore and produce hydrocarbons in Equatorial Guinea.
News
October 23, 2019
The OPEC+ oil-production cuts deal could be improved by taking into account forecasts for global crude-demand growth and U.S. shale, Gazprom Neft PJSC Head of Strategy and Innovation Sergey Vakulenko said in an interview on Wednesday.
News
October 23, 2019
Natural gas production has recently grown in China largely because of increased development in low-permeability formations in the form of tight gas, shale gas, and to a lesser extent, coalbed methane.
News
October 22, 2019
Futures climbed more than 2% in London and New York on Tuesday. Members of the Organization of Petroleum Exporting Countries are concerned about the outlook for demand next year, Reuters reported, citing unnamed cartel sources.
News
October 22, 2019
Uganda has some of the biggest oil reserves in sub-Saharan Africa – 6 Bbbl – of which it has estimated 1.4 billion are recoverable. It canceled a plan in 2016 to jointly develop an export pipeline to Kenya’s coast in favor of a southern route through Tanzania.
