U.S. shale executives have finally achieved something that eluded the industry for more than a decade: the ability to turn over billions of dollars in dividends to shareholders while at the same time boosting production to tap into surging global oil demand.
The Texas oil and gas exploration and production economy enjoyed a year of recovery in 2021 on the heels of nearly two years of contraction, according to the Texas Alliance of Energy Producers’ Texas Petro Index.
With good operational performance since the field came on stream in June and high oil and gas prices, the investments in the field are expected to be recovered in full during 2022.
Utilizing environmentally friendly bio-based surfactants that provide mechanisms of action, which surpass traditional petroleum-based products, U.S. operators are improving crude output while increasing total well lifecycle.
Upcoming EPA methane regulations are far-reaching and will have a major impact on upstream and midstream operations. Analysis reveals that new technologies may help to reduce operators’ regulatory burden while detecting more emissions than periodic hand-held optical gas inspections.
Computational methods were used to assess the capacity of four surfactant molecules. The experimental assessment, based on rocking cell measurements, determined the minimum effective dose necessary to inhibit agglomeration, enabling an efficient funnel for molecular optimization and customization.
Russia’s operating oil wells reached the highest since OPEC and its allies joined forces, yet bringing back production curtailed under the current deal remains elusive.
Oil and gas drilling is big business once again, if the leap in demand for services from Baker Hughes Co., the world’s No. 2 oilfield contractor, is any gauge.
Schlumberger is gearing up for growth around the world as the No. 1 oilfield contractor expects recovering economies to ignite several years of crude-demand expansion.
Texas natural gas production dropped for the second time this month because of freezing temperatures settling over the state.
Russia may be able to deliver only about half of its scheduled increases in crude production over the next six months, joining the ranks of OPEC+ nations that are struggling to ramp up even as fuel demand rebounds from the pandemic.
Libya’s oil production is rising gradually after a blockade of its western fields ended and ports in the east re-opened, according to the OPEC member’s energy minister.
Liberty Lift announced the asset acquisition of Corral Oil Field Services LLC in Andrews, Texas. Corral is a family-owned and -operated artificial lift company specializing in the service, repair, and sale of pumping units and related artificial lift equipment in the Permian basin.
U.S. annual oil production is set to rise to a record next year as shale producers continue to boost output.
Equinor ASA will make a $1.8 billion impairment on its Mariner field after slashing reserve estimates for the U.K. North Sea oil deposit.
The U.S. is backing natural gas and low-carbon power sources as it seeks to improve the eastern Mediterranean’s energy ties to Europe and promote stability in the region.
Canada's oil sands producers were able to export a record amount of crude to overseas markets thanks to a new link to the U.S. Gulf Coast.
A rally in oil prices lifted U.S. energy stocks to the highest since the pandemic emerged more than two years ago.
EOG Resources Inc., one of the biggest U.S. shale oil producers, is ready to ramp up output as soon as this summer if the market demands it.
Pioneer Natural Resources Co., the biggest oil producer in the Permian Basin, closed out almost all its hedges for this year, indicating a bullish outlook for crude prices.