Production
News
January 24, 2024
Perth-based Woodside forecasts production of 185 MMboe to 195 MMboe in 2024, of which about 45% of output will be LNG.
News
January 17, 2024
The project will focus on the development of extended reach needles – small diameter laterals that penetrate the reservoir to increase hydrocarbon recovery.
News
January 17, 2024
The development of hydraulic fracturing helped drive the U.S. shale industry and reversed the country’s declining output. Al Ghais said that innovations to improve fuel efficiency or capture and store carbon emissions, often known as CCUS, will similarly buoy hydrocarbons.
News
January 16, 2024
As much as 650,000 bpd is offline, up from 425,000 bpd on Monday, according to Justin Kringstad, director of the North Dakota Pipeline Authority. The state’s total production reached 1.2 MMbpd in October.
News
January 14, 2024
Gross production from the Dussafu license averaged 22,500 bopd in the quarter, amounting to a total gross production of 2,073,000 MMbpd for the period.
News
January 12, 2024
Total production jumped by 336,822 bpd to 4.16 MMbpd, the highest in data stretching back to 2010, according to the Alberta Energy Regulator’s website. Output over the first 11 months of the year averaged 3.79 MMbpd, versus 3.73 MMbpd for all of 2022, the data show.
News
January 10, 2024
Reservoir Xaminer service is designed to provide fast, high-quality, and customized data, even in the toughest conditions.
News
January 10, 2024
America’s record oil production today is largely due to policies from previous administrations. Washington can and should unite around American energy from diverse sources – including continued access to oil and natural gas.
News
January 10, 2024
Russia’s crude output in December was almost 60,000 bpd lower than the prior month and some 375,000 bpd below the February baseline for its production curbs. Russia has pledged to reduce its crude output by 500,000 bpd until the end of this year.
News
January 09, 2024
Forum Energy Technologies, Inc. has completed the acquisition of Variperm Energy Services, a leading manufacturer of customized downhole technology solutions, providing sand and flow control products for heavy oil applications.
News
January 05, 2024
The African nation’s December exit from OPEC came after the group imposed a much lower production limit. The tighter cap was too much for Angola, which is making efforts to boost investment after many years of underinvestment and production decline.
News
January 04, 2024
OPEC pumped an average of 28.05 MMbpd in December as it persevered with supply restraints agreed earlier in the year, according to a Bloomberg survey. Reductions by the United Arab Emirates and Angola were offset by other countries such as Nigeria.
News
January 03, 2024
OPEC+ agreed at its last meeting in November to deepen existing production cuts this quarter by around 900,000 bpd.
Article
December 2023
The persistent challenges of well control, spanning from drilling to production, highlight the critical need for enhanced preparedness and proactive measures. The integral role of Well Control System Surveys is critical in preventing catastrophic incidents and fostering a culture of safety and efficiency within the industry.
News
January 02, 2024
Chevron Corp. will book fourth-quarter charges of $3.5 billion to $4 billion, citing assets it sold in the Gulf of Mexico and policies in California prompting the company to slash investments in the state.
News
December 31, 2023
In total, Duvernay Energy will have exposure to about 200,000 gross acres in the liquids rich and oil windows with roughly 500 gross future well locations.
News
December 23, 2023
OPEC nations Iraq, Nigeria and the Republic of Congo affirmed their commitment to the oil-producer group following the exit of Angola last week.
News
December 22, 2023
Equinor and SOCAR (State Oil Company of Azerbaijan Republic) have signed an agreement whereby Equinor will divest all its remaining assets in Azerbaijan to SOCAR.
News
December 22, 2023
The company’s four-part project strategy is evolving to accelerate the significant commercial opportunity offered by Project III, focused on the multi-Tcf undeveloped gas resource within the Lower Eocene and Upper Cretaceous reservoirs of Blocks XIB and XIF.
News
December 21, 2023
Harbour Energy has agreed to acquire Wintershall Dea's exploration and production business, including its producing and development assets, exploration rights, and carbon capture and storage licenses in various countries, for $11.2 billion.
News
December 21, 2023
Angola announced it’s leaving OPEC following 16 years of membership amid a dispute over oil production quotas, while the cartel tries to buoy global prices.
