Production
News
July 07, 2021
Favorable hedge positions represent the biggest test yet of shale’s newfound resolve to act with discipline and focus on investor returns, and avoid a return to the relentless pursuit of growth.
News
July 06, 2021
Rally-to-rout oil price gyrations show how the cartel’s internal rifts threaten the stability of the global economic recovery amid concerns about inflation, and tarnished the group’s self-image as a reliable steward of the oil market.
News
July 02, 2021
The United Arab Emirates said it won’t accept a plan by other members of OPEC+ to extend the group’s agreement to curb oil production beyond April 2022, unless it’s allowed to have a higher baseline for its own cuts.
News
July 01, 2021
South Sudan is experiencing a rapid drop in crude output as producing oil blocks have hit peaks and have begun to decline, according to Ministry of Petroleum Undersecretary Awow Daniel Chuang.
News
June 30, 2021
EQT. Corp., America’s largest natural gas driller, set a target to zero out emissions from its own operations and energy use in just four years. The harder part will be tackling pollution from customers, a problem the producer is still mulling.
Webcast
Reducing Flaring and Emissions in Production Facilities
July 14, 2021
TechnipFMC
iProduction™ is a modern approach to multi-well processing focused on the reduction of GHG emissions. This includes well pad processing, gathering lines, and central processing facilities under a single digital interface with autonomous control.
In this webcast, Laura Schilling and Isabel Chan will be detailing how TechnipFMC’s iProduction™ ecosystem can effectively address the facility GHG challenges of the future and reduce LP flaring by 60%. iProduction™ also has a smaller footprint, lower total cost and uses modules prefabricated offsite for faster field startup and lower operating expense. Our customers that have adopted this ecosystem have seen operations becoming more streamlined, reduce GHG emissions, reduce capital, and decrease time to first oil. Our propriety AOS is the dynamically optimizing heart of iProduction™.
Article
June 2021
The titular “cash engine” that is the Bakken-Three Forks shale has been running on fumes. But most of the operators left standing after a wave of consolidations are gearing up for what promises to see the Williston basin play regain some of its grit, as the year unfolds.
Article
June 2021
Historically, operators have employed piecemeal strategies to optimize components of the production value chain. However, achieving autonomous operations will require a holistic approach, integrating traditionally disparate data sources to create a single digital twin that can be delivered with relatively small up-front investment.
Article
June 2021
A mature field in Ecuador posed a range of challenges that threatened its long-term economics. Extended-life ESPs, combined with remote real-time surveillance, were a viable solution to handle gassy, sandy wells with steep production decline, saving $2.5 million in workover costs.
News
June 24, 2021
The global oil market is calling out for a substantial increase in supplies, but OPEC+ is expected to provide only a fraction of what consumers are demanding.
News
June 24, 2021
Stockpiles in Cushing, Oklahoma, the delivery point for West Texas Intermediate oil futures fell nearly 4 million barrels in the last two weeks, bringing inventories to the lowest since March of 2020 when the pandemic forced the country into lockdown.
News
June 23, 2021
Philip LeJeune, LLOG’s President and CEO said “We are pleased to announce first oil from our Praline field, our first pipe-in-pipe tieback, and the continued successful development of our high quality prospect inventory. Praline is the first of four tieback projects we expect to have online in the next year."
News
June 21, 2021
“They blocked us, they sanctioned us, they stole all our foreign assets,” said Venezuelan oil minister Tareck El Aissami. “Without any financing, with our own money, we’ve been able to invest enough to stop the slide and start a gradual recovery.”
News
June 21, 2021
Devon Energy announced it is establishing new environmental performance targets focused on reducing the carbon intensity of its operations, minimizing freshwater use, and engaging constructively with its value chain.
Article
June 2021
A systematic approach reduces failures and associated costs, while extending beam pumping run times.
Article
June 2021
Many factors must be considered when discussing how to optimize production, but industry evolution and advances in technology have made clear that operators cannot properly place artificial lift equipment without truly understanding the quality of their wellbore.
News
June 10, 2021
The transaction, which is expected to close in the third quarter of 2021, includes approximately 25,000 net acres in the Southern Delaware Basin in Texas with current production of approximately 10,000 barrels of oil equivalent per day from about 360 active wells.
News
June 09, 2021
With the East African Oil Pipeline project recently getting the go-ahead, Uganda is set to produce its first oil as early as 2025 and production in the next five years is expected to jump to 230,000 barrels per day, from zero in 2021, says GlobalData, a leading data and analytics company.
News
June 08, 2021
KKR and Contango are doubling down on investing in exploration and production companies as many in the sector seek to recover from years of poor returns amid the shale boom and bust. The combination is said to allow the merged company to reach greater scale, boost access to capital and drive down the cost of production.
Article
June 2021
In a fast-paced, cost-conscious oil and gas industry, OEM groups seek standardization and efficiencies through commodity manufactured valves. These products provide the availability and utility demanded by end users to adequately support operational needs. One variable difficult to fit into this “commodity mindset” is the choke valve.
