Production
News
December 31, 2024
(Bloomberg) – Oil edged higher in thin holiday trading, heading for a flat performance in 2024 as the market braces for a global surplus next year.
Article
December 2024
Ionic liquids (ILs) are not so new to the world of chemistry or even to the oil and gas industry, but their applications in oil and gas, in particular, are not widely known or utilized. Because there are so many potential IL chemical structures, there are yet to be discovered compounds, and applications, as well. In any case, ILs have, for some time, especially in the last decade, represented a remarkable breakthrough in chemical science.
Article
December 2024
OEE, a specialized insurance policy covering well control incident costs, is becoming a key preventative tool in the oil and gas industry. It not only provides financial protection but also incentivizes proactive well control practices, leading to enhanced safety, reduced risk, and improved business continuity.
Webcast
Reshaping Reservoir Management: Using direct measurements of phase flow for enhancing field production
January 29, 2025
Tracerco
Discover how innovative chemical tracer technology is reshaping reservoir management and field optimization. This webcast highlights low-risk, non-intrusive (non-wireline-deployed) tracer advancements that provide essential insights into short- and long-term phase production and interwell communication. These solutions enable operators to improve well performance, establish best practices, and drive strategic field development—all without costly or disruptive interventions.
Key Takeaways:
-Understand how advanced tracers deliver actionable data for optimizing production.
-Explore real-world case studies showcasing enhanced well performance and operational efficiencies.
-Learn practical applications for improving interwell communication and reservoir management.
-Discover strategies to reduce operational risks, costs, and environmental impact.
News
December 13, 2024
(Bloomberg) – Kosmos Energy Ltd. and Tullow Oil Plc both acknowledged early merger talks on Thursday, following media speculation. Together, the companies would create an Africa-focused explorer with production exceeding 120,000 boed.
News
December 08, 2024
Equinor has commended Angola’s recent Incremental Production Decree as a landmark reform that enhances the country’s ability to attract oil and gas investments, while boosting production and driving economic growth.
News
December 08, 2024
(Bloomberg) – Chappal Energies has completed the acquisition of Equinor Nigeria Energy Company, a unit of Norway-based Equinor ASA, in a deal that brings immediate production and cashflow benefits, Chappal says.
Article
November 2024
Blue hydrogen intersects traditional fossil fuels and the emerging low-carbon economy. For upstream companies, this convergence offers a way to participate in the energy transition and decarbonize hard-to-abate industries. In the near term, blue hydrogen will play a key role in regions with abundant natural gas and suitable CO₂ storage sites.
News
December 03, 2024
TotalEnergies highlights the value of its multi-energy strategy and strategic partnerships in Saudi Arabia as the company reflects on half a century of operations in the Middle East Kingdom.
News
December 03, 2024
(Bloomberg) – OPEC’s crude production increased for a second month as Libya continued to recover from a political feud that had closed its biggest oil field.
News
December 02, 2024
CNOOC Limited and 80883 announced that Huizhou 26-6 Oilfield Development Project has commenced production. A total of 19 development wells are planned to be commissioned, including 2 oil production wells and 17 gas production wells.
Article
November 2024
A combination of a turbo-expander and a liquid jet ejector can be used to extract energy from multiphase streams during production.
News
December 01, 2024
(Bloomberg) – Suriname’s Foreign Affairs Minister Albert Ramdin said on Saturday his country’s emergence as a major oil producer could garner support for him to be voted in as the next Secretary General of the Organization of American States.
News
December 01, 2024
(Bloomberg) – TotalEnergies may greenlight a $750 million gas project in Nigeria next year, potentially signaling that the African nation’s efforts to revive investment in its hydrocarbon production are making progress.
News
November 26, 2024
(Bloomberg) – A harsh winter would push Asian and European consumers into competition for the same gas as supplies of the fuel are stretched, according to Equinor ASA. Plans for oil production from the Norwegian continental shelf remain unchanged, says Equinor.
News
November 26, 2024
An average of 13.4 MMbpd of crude oil was produced in the United States during August 2024, a new record according to data from the U.S. Energy Information Administration Petroleum Supply Monthly.
News
November 28, 2024
The African Energy Chamber (AEC) has voiced its support for the inaugural Congo Energy & Investment Forum (CEIF), set to take place in March 2025. This milestone event signals the nation’s commitment to strengthening its role as a key energy player on the continent.
News
November 21, 2024
(Bloomberg) – Kuwait Petroleum Corp. plans to spend about 10 billion dinars ($33 billion) over five years to ramp up oil production capacity, betting on robust demand for decades to come.
News
November 21, 2024
MOL Group and Kazakhstani national oil company KazMunayGas (KMG) have signed today a cooperation agreement to jointly explore opportunities in the oil, gas and petrochemical sector.
News
November 19, 2024
Today the IPAA presented its issue priorities to the Trump transition team. IPAA members are the primary producers of the nation’s oil and natural gas, accounting for 83 percent of America’s oil production and 90 percent of its natural gas output.
News
November 18, 2024
(Bloomberg) – Petrobras plans to boost spending on new oil drilling and other projects by almost 9% to $111 billion in the next five-year plan. Petrobras' eight-person executive office proposed that amount for the 2025-2029 period, according to a filing Monday.
