Production
News
June 30, 2023
Laura Daniel-Davis, the Principal Deputy Assistant Secretary of Land and Mineral Management at the Interior Department, said in a letter released Thursday that the agency couldn’t dedicate its “limited resources” to establishing a phase down program, given “competing priorities,” including implementing lease sales mandated by last year’s sweeping climate law.
News
June 30, 2023
The contract, awarded to Petrofac Emirates, is valued at approximately $700 million and involves the Engineering, Procurement and Construction of a new gas compressor plant.
Article
June 2023
Using normalized, dimensionless numbers, electric submersible pump performance can be calculated from the water performance at any viscosity and speed. A patented method accurately predicts the pump viscosity correction factors, including flow, head and horsepower, within 5% in the operating range of the pump from the water performance.
Article
June 2023
Electrical submersible pumping is a proven artificial lift solution for extending production life. However, conventional ESP systems often result in costly workovers and production downtime. By eliminating the need for a rig after initial installation of the permanent completion, operators can reduce costs, carbon footprint and mobilization time, while minimizing deferred oil production.
News
June 26, 2023
Drawing from microbial identification methods used by Irish whiskey distillers, microbiologists from Sherwin-Williams pinpointed the species of black mildew tarnishing ethanol tank exteriors – and identified a coating formulation with superior performance for preventing its growth.
News
June 23, 2023
Eni will acquire assets comprising Neptune’s entire portfolio, other than its operations in Germany and Norway. The German operations will be carved out prior to the Eni transaction, and the Norwegian operations will be acquired by Vår directly from Neptune under a separate share purchase agreement.
Article
June 2023
Operators can gain actionable insight into downhole operations, utilizing an innovative, non-intrusive monitoring system.
Article
June 2023
State-of-the-art automation and optimization are being honed by continuous advancements in digital sensors, remote terminal units for wellsite control and physics-based diagnostics software. The next evolutionary step is fully autonomous well control, demonstrated by an initial pilot project on a group of 100 rod lift wells.
Article
June 2023
By leveraging digitalization at scale to transform field production, the industry can reduce cost and carbon intensity per barrel produced while extracting maximum value from existing resources.
News
June 21, 2023
The strategic alliance and rig acquisition will support DHS Ventures & Holdings target of reaching 75 MMbpd production capacity and gas self-sufficiency for the UAE by 2030, along with plans to unlock its unconventional oil and gas resources.
News
June 21, 2023
This all-new acoustic array platform enables energy companies to find and map fluid flow throughout the well-reservoir system with greater ease and precision, helping them to keep wells safe, clean, and productive.
News
June 21, 2023
The Panther Production Pack series is engineered to deliver robust, fast-acting results, boosting completion and production levels to unprecedented heights. These effective additives allow oil field operators to confidently meet their drilling objectives.
News
June 21, 2023
Honeywell’s UPP Suite enables oil and gas companies to improve production efficiency and asset reliability while reducing operating costs with intelligent controls and predictive analysis packaged into one end-to-end tool.
News
June 14, 2023
The Nigerian National Petroleum Co. should become a minority shareholder in projects it currently controls, potentially generating more than $17 billion by the end of the decade, according to the study by a committee that advised President Bola Tinubu ahead of his inauguration last month.
News
June 13, 2023
Even before the kingdom announced its surprise new measures just over a week ago, the Organization of Petroleum Exporting Countries expected that world inventories would deplete rapidly in the second half amid a post-pandemic recovery in fuel demand.
News
June 06, 2023
During the 35th OPEC and non-OPEC Ministerial Meeting, members reached a consensus on production levels, under the leadership of OPEC President, H.E. Antonio Oburu Ondo, Equatorial Guinea’s Minister of Mines and Hydrocarbons
News
June 06, 2023
Russia restricted oil production data last year due to its “sensitive” nature, making it difficult to assess the country’s compliance with its pledged output cuts beyond official statements
News
June 05, 2023
Global oil demand is forecast to hit a record high this year, but the additional cuts announced on Sunday will bring Saudi production to about 9 MMbpd in July, the lowest since June 2021 when output was still recovering from the depths of the Covid-19 pandemic.
News
May 29, 2023
Taking full control of Surmont’s low-cost production helps ConocoPhillips Chief Executive Officer Ryan Lance meet a commitment to return $11 billion in cash to shareholders this year by letting the company generate free cash flow at even lower crude prices.
