Production
News
February 27, 2018
The Delaware Wolfcamp has been the focus of much of the increase in Lower 48 drilling activity in the past 18 months. While breakevens continue to trend down and the play has attracted a number of new entrants, there are clear signs that growth is plateauing.
News
February 27, 2018
The world’s hottest oilfield area, the Permian basin of West Texas and New Mexico, isn’t without its risks.
News
February 26, 2018
Libya’s oil exports from the Mellitah terminal will be “modified” after protests disrupted production at the key El-Feel deposit for the first time in two months.
News
February 20, 2018
LOOP LLC has successfully completed the first very large crude carrier (VLCC) crude oil loading operation at its Deepwater Port, 18 mi offshore of Port Fourchon, La.
News
February 16, 2018
After a year of production cuts, OPEC and Russia are finally near their goal of shrinking the world’s swollen oil inventories. So why are they planning to change their target?
News
February 15, 2018
Add independent Nigerian drillers to the list of oil producers itching to supply more crude at a time when OPEC and allies like Russia are trying to restrict output and prop up prices.
News
February 12, 2018
Indian companies agreed to pay $600 million for a stake in one of Abu Dhabi’s biggest offshore oil concessions, securing a share in the emirate’s crude production for the first time.
News
February 09, 2018
ExxonMobil Corporation has added 2.7 Bboe of proved oil and gas reserves in 2017, replacing 183% of production.
News
February 08, 2018
Crude resumed its decline as growth in U.S. shale output acts as a downside price risk.
News
February 07, 2018
The Oilfield Technology Group (OTG) of Hexion Inc. (Hexion) today announced its new Voyager mobile resin coating service. Initially located in the Permian basin, the innovative Voyager service is the first mobile manufacturing solution that provides in-basin resin coated proppant manufacturing for application in the oil and gas industry.
News
February 07, 2018
Africa Oil Corp. (AOC) is pleased to provide the following update on activities in the South Lokichar basin (Blocks 10BB and 13T in Kenya).
News
February 06, 2018
The U.S. government sees nationwide oil production jumping above 11 MMbpd much quicker than anticipated.
News
February 06, 2018
BP dodged the disappointment that afflicted other oil-company earnings as it did a better job of exploiting the upswing in crude prices.
News
February 05, 2018
Iran can swiftly increase production of crude if OPEC decides to scrap limits on global output when the group meets next in June, Oil Minister Bijan Namdar Zanganeh said.
News
February 05, 2018
The U.S.’s Permian basin is looking like Saudi Arabia, with as much as 1 MMbbl of spare oil capacity ready to go into production, according to Nansen Saleri, former head of reservoir management at Saudi Aramco, the world’s largest crude exporter.
News
February 02, 2018
Oilmen, wildcatters and particularly refiners are reaping billions in gains from President Donald Trump’s tax overhaul, helping boost the staying power of old-style energy even as the world searches for cleaner fuels.
News
February 02, 2018
Crude production by OPEC and its main ally Russia held steady last month as increases in Saudi Arabia and Iran offset the ongoing deterioration of Venezuela’s oil industry.
News
February 02, 2018
With its money-losing refineries producing the least fuel in 27 years and only a handful of private partnerships announced since Mexico’s energy reforms, sealing a $2.6 billion venture with Mitsui & Co. will come as a relief to Petroleos Mexicanos.
News
February 02, 2018
Exxon Mobil Corp. fell short of analysts’ fourth-quarter expectations in two key metrics: per-share profit and overall production.
News
February 01, 2018
Cosasco has signed an exclusive partnership Sensorlink AS, which manufacturers and supplies high resolution, non-intrusive corrosion and erosion monitoring technologies for the oil and gas, chemical, power and water treatment industries.
