Production
Article
June 2024
Over the past decade, FourPhase has gathered solids management data from more than 150,000 hrs of operation. Vast amounts of data yield completely new perspectives. Rather than viewing sand production as a challenge, we recognize its positive aspects in reservoir management. Producing sand can be positive for your well, if done in a controlled manner.
Article
June 2024
Artificial lift technologies, including rod lift systems, remain vital to allowing companies to maximize the ROI of older assets. Deeper, more complex, mature wells incur greater wear and tear, and upgrading rod rotators allows companies to extend rod lift systems’ operational life, minimize NPT and overall costs, and optimize production.
Article
June 2024
Operators that rule out powerful permanent magnet motors for artificial lift operations are constraining environmental and efficiency gains.
News
July 01, 2024
OPEC produced an average of 26.98 MMbpd in June, or 80,000 bpd less than during the previous month, according to a Bloomberg survey. Small reductions in Iraq and Nigeria drove the decline.
Video
Expanding support for the North American perforating market with Baker Hughes
June 26, 2024
Webcast
Production Automation: Establishing the Building Blocks for Success
July 17, 2024
Baker Hughes, Amazon Web Services
What does it take to successfully automate production? Poll 100 operators and you’re likely to get at least 99 different answers. Whatever you might hear, one thing is certain: production automation cannot exist without multiple, critical elements working in tandem.
From reliable, real-time data services to smart hardware at the wellsite, experts from Baker Hughes and Amazon Web Services will discuss the full network of non-linear capabilities necessary to help operators automate their production and drive efficiencies, boost recovery, and lower their carbon footprints. Join us for this lively panel discussion and learn how you can deploy the key building blocks for production automation so you can unlock the shortest-cycle, lowest-carbon barrels possible.
News
June 23, 2024
Daily crude production kicked off the year at 3.73 MMbpd, then plummeted nearly 25% following offshore maintenance. Now, more than one-third of the deficit has been restored, offering far-reaching implications for Latin America’s largest economy and worldwide energy markets.
News
June 19, 2024
PetroAI will utilize TGS' extensive subsurface, production and well data to create advanced AI models capable of accurately predicting well performance and identifying design sensitivities. This partnership offers quick access to pre-built, high-quality models tailored for both Proved Developed Producing (PDP) and Proved Undeveloped (PUD) wells at county or basin levels.
News
June 17, 2024
Angola aims to produce 1.1 MMbopd by 2027, with plans to reach 2 MMbpd in the long-term. At the same time, the country aims to increase the share of natural gas in the energy mix to 25% by 2025, highlighting strategic opportunities for foreign investors and project developers.
News
June 17, 2024
Coordinated crude production reductions by the Organization of Petroleum Exporting Countries (OPEC) and its allies have led to a balanced global oil market, according to U.S. shale giant EOG Resources Inc.
News
June 11, 2024
World oil consumption will see a year-on-year increase of 2.3 MMbpd in the second half, about 150,000 bpd more than during the first, amid continued economic growth in China and other emerging economies, OPEC said in a monthly report.
Video
Wireline innovations and industry insights with Weatherford
June 07, 2024
News
June 06, 2024
OPEC and its allies agreed on Sunday to gradually wind down about 2 MMbpd of production cuts starting in October. Since then, crude prices have fallen more than 3% in London, dipping below $80 a barrel as analysts question whether the market can absorb this extra supply.
News
June 02, 2024
The agreement reached in Riyadh on Sunday exceeds market expectations in some ways, extending so-called “voluntary” cuts from key members including Saudi Arabia and Russia well into next year. However, it also begins rolling back those supply reductions in October, earlier than some OPEC-watchers had assumed.
Article
May 2024
Wellsite automation can help make oil and gas production smarter, faster, more efficient and safer. The ability to utilize real-time data to make automatic and instantaneous adjustments can produce reductions in the days spent on frac operations and increased wellsite safety.
News
Algeria nears Chevron, ExxonMobil deals as country aims to boost oil and gas production, exploration
May 30, 2024
Algeria is stepping up exploration efforts and has made eight large discoveries so far this year, with the aim of raising production to 200 Bcm a year in the short to medium term from 137 Bcm currently.
Article
May 2024
Erosion due to entrained sand is a growing problem, and existing technologies have limitations, but new solutions are available to address this issue.
Article
May 2024
As it approaches its 20th anniversary, Stavanger-based Fishbones finds that its stimulation methods are increasingly a regular part of operators’ toolboxes, for improving oil and gas recovery with multi-fold increases in productivity. Various case studies confirm operators’ confidence in these methods.
News
May 27, 2024
Block also increased oil production to 151,184 bbls and gas production to 283 MMcf, resulting in an average daily production rate of 543 boed. Additionally, the company raised $2 million via a secured loan to undertake drilling operations on Project I and completed the Project IV farm-out, achieving a carried work program valued at over $3 million (gross).
News
May 26, 2024
Abu Dhabi National Oil Co.(ADNOC) is likely to reach its 5 MMbpd goal by the end of next year or early 2026, ahead of the 2027 goal the company had set, according to people with knowledge of the operations. The higher capacity will be a potential source of tension as OPEC and its allies deliberates new production quotas later this year.
