Production

News
November 28, 2022
During the meeting, which was held at ADNOC headquarters, the board directed ADNOC to pursue a net-zero by 2050 ambition to support the UAE net zero by 2050 strategic initiative. The board also endorsed plans to accelerate its 5 million barrels per day oil production capacity expansion to 2027, from the previous target of 2030.
News
November 27, 2022
Shell Plc is selling its stakes in a group of North Sea oil fields, according to Bloomberg News. The assets include minority stakes in two fields operated by BP Plc and an interest in a discovery field also operated by BP in the waters east of Scotland.
News
November 27, 2022
The Biden administration granted Chevron Corp. a license to resume oil production in Venezuela after US sanctions halted all drilling activities almost three years ago.
News
November 27, 2022
Iraq, OPEC’s second largest producer, plans to start increasing oil export capacity from its southern ports from next year to add a total of 1 million to 1.5 million barrels a day by 2025, according to its OPEC delegate.
News
November 23, 2022
Capricorn Energy Plc. is standing firm behind its merger with Israel’s NewMed Energy LP despite investors holding more than a third of its stock coming out against the planned deal and creating a significant hurdle for its approval.
News
November 23, 2022
3M Project is located approximately 75 km (46 miles) southeast of Madura Island in the Madura Strait, East Java, with an average water depth of around 80 m (262 ft). The project contains three gas fields with a total of nine gas-producing wells.
Article
October 2022
In U.S. land drilling, BHA selection frequently uses heuristics derived from motivations of the directional contractor as opposed to incentives for the operator. The authors propose alternatives that balance the needs of the directional company with the operator’s desire for a high-quality wellbore.
News
November 18, 2022
A milestone many never imagined feasible for the Hibernia project, the initiative that helped revolutionize the economy of Newfoundland and Labrador and created the province's oil industry, is commemorating 25 years of oil production.
News
November 17, 2022
Resoptima is partnering with Aker BP, Sval Energi and NORCE to develop specific solutions that will help reduce CO2 emissions associated with oil and gas asset development and production activities.
News
November 17, 2022
Saudi Arabia has cut oil exports sharply this month as the kingdom delivers on an OPEC+ agreement to shore up global crude markets.
Article
October 2022
Since day one, the Biden administration has set the U.S. on a path toward more reliance on foreign energy from countries with lower environmental standards. Caving to green activists, President Biden launched an overly aggressive environmental campaign designed to phase out the U.S. hydrocarbon industry and the immense value it provides our country in terms of energy independence and employment opportunities.
Article
October 2022
In February, Russia initiated its unwarranted invasion of Ukraine and ignited an international energy crisis. Immediately thereafter, it appeared that the world and the U.S. would realize the mistakes made in relying on Russian O&G and on unreliable, expensive renewable energy.
Article
October 2022
The concept of nanobubbles was not proposed until 1994, to explain the underpredicted attractive forces observed between hydrophobic surfaces in water. Their existence in a solution, or even if that were accepted, their ability to maintain their size and suspension in a solution, has been the subject of controversy and considerable experimentation.
News
November 16, 2022
Texas oil and gas production will continue to recover and grow during 2023, and use of oilfield electrification will expand with it. That was the takeaway message from Texas Alliance of Energy Producers President Jason Modglin, who delivered the keynote address Tuesday morning during Day 1 of World Oil’s Oilfield Electrification Technology Conference.
News
November 14, 2022
Major U.S. exporter Freeport LNG will likely extend an outage that began in June, curbing much-needed supply to customers in Europe and Asia right before winter, according to sources.
News
November 13, 2022
Within days of cruising to a re-election victory over a Democrat challenger, Texas Railroad Commission Chairman Wayne Christian took sharp aim at President Joe Biden's "anti-fossil fuels" agenda, saying his energy strategy is to ship U.S. energy production overseas.
News
November 13, 2022
Oil and gas investments could be driven out of UK waters if Chancellor Jeremy Hunt carries out threats to raise the windfall tax to 35%, Offshore Energies UK (OEUK) has warned.
News
November 11, 2022
The American Petroleum Institute on Friday responded to the Environmental Protection Agency's supplemental proposed methane rule with a call for a cost-effective final rule that promotes innovation and regulatory certainty.
News
November 11, 2022
The Biden administration revealed a supplemental proposed methane rule Friday that would tighten regulations for monitoring low-producing wells and require producers to respond to third-party reports of leaks, in a move that could empower activists.
News
November 08, 2022
It became clear from speakers at last week's IADC meeting that publicly held operators continue to utilize technology to improve their efficiencies and bottom lines while pursuing careful paths toward E&P expansion, keeping a close eye on shareholder returns.
News
November 08, 2022
The United States cut its forecast for the nation’s oil production growth next year, predicting that output will fall short of an all-time high.
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