Production
News
April 25, 2024
This month, Nigerian National Petroleum Co. Ltd. (NNPC) restarted production from Nigeria’s Awoba field and began production from the country’s Madu field, adding 32,000 bpd to the country's production.
News
April 24, 2024
The hearing examined the challenges faced by American energy producers, including regulatory uncertainty caused by administration policies, and highlighted career training opportunities aimed at growing the energy workforce.
News
April 23, 2024
The fund projects Saudi oil production will reach 10 MMbpd in early 2025, from what’s now a near three-year low of 9 MMbbl. Saudi Arabia says its production capacity is around 12 MMbpd and it’s rarely pumped as low as today’s levels in the past decade.
News
April 22, 2024
SLB introduced two advanced artificial lift systems: The Reda Agile compact wide-range electric submersible pump (ESP) system and the rodless Reda PowerEdge electric submersible progressing cavity pump (ESPCP) system.
News
April 19, 2024
The two companies are already partners in exploration blocks in the Exploration & Production segment, including Alto de Cabo Frio Central, Campos basin, and Barreirinhas basin, all operated by Petrobras.
News
April 15, 2024
A total of 50 so-called “zombie” fires still smoldering beneath layers of snow are located near oil and gas wells and other production facilities. Those sites yield natural gas equivalent to about 80,000 bpd of oil in Canada’s energy heartland of Alberta alone, in addition to almost 14,000 bpd of crude.
News
April 10, 2024
Colombian President Gustavo Petro said the oil and gas would be developed in Venezuelan fields near the Colombian province of Norte de Santander, while electricity would be provided from La Guajira province on Colombia’s Caribbean coast.
News
April 09, 2024
Oil production hit a record 1.92 Bbbl in 2023, which was 51 MMbbl more than the previous record. Operators produced 12.01 Tcfg in 2023, beating the previous record by more than 13%.
News
April 09, 2024
Enverus Intelligence Research (EIR), a subsidiary of Enverus, has released a new report highlighting the organization’s view that it does not expect global oil demand to peak or plateau by the end of the decade.
News
April 07, 2024
On Feb. 27th, 2024, the SPT-129 workover rig mobilized from the SJ-01 well to the SJ-06 well with a workover program designed to open an additional 12.4 m across 3 zones in the Tutoia formation.
Webcast
Achieving successful production automation
May 01, 2024
Baker Hughes
Want to improve recovery from existing resources? Need to boost production from underperforming and mature fields? Looking to increase ROI without additional CAPEX? For many, production automation offers the answer. But in a world where many operators are still struggling through well management in Excel spreadsheets, it’s difficult to know where to begin.
Successful production automation requires a balance of technology, change management, and process optimization. In this webcast, you will learn how one operator achieved double-digit production uplift and revolutionized their field operations using an automated field production solution.
News
April 04, 2024
A panel of key members led by Saudi Arabia recommended no policy changes at an online review meeting on Wednesday, according to a statement posted on the group’s website. That means roughly 2 MMbpd of production curbs will remain in place until the end of June.
News
April 03, 2024
OPEC’s second-biggest producer pumped 4.17 MMbpd last month, 30,000 bpd less than in February. While that’s Iraq’s lowest output level this year, it’s still about 170,000 bbl more than pledged as the alliance curbs production to prop up the market.
News
March 31, 2024
India — the third-largest crude importer and Moscow’s second largest buyer after China — is the latest market seeing an influx of U.S. oil. American shipments to India are set to jump in March to the highest in nearly a year, according to data from crude tracking firm Kpler.
News
March 28, 2024
Market sentiment still lacks the exuberance of early 2023, when traders widely proclaimed the return of $100 oil, but Wall Street banks like Morgan Stanley and trading giants such as Trafigura Group are predicting further price gains.
News
March 28, 2024
Libya holds Africa’s largest crude reserves, but over a decade of political strife has taken its toll. Production that reached almost 1.8 MMbpd in 2008 slumped to some 100,000 bpd following the killing of Moammar Al Qaddafi in 2011’s civil war. Volatile ever since, it’s currently at about 1.2 MMbpd.
News
March 27, 2024
Acquiring the assets, which include recently purchased fields from Neptune Energy Group, would boost Ithaca’s North Sea production at a time when larger players are withdrawing from the aging basin.
News
March 25, 2024
U.S. oil production is set to end the year at a record pace of about 14 MMbpd as falling costs and improved drilling efficiency overshadow subdued growth plans from publicly listed companies, Macquarie Group Ltd. analysts said in a note.
News
March 22, 2024
The integration of RMSpumptools technology will enhance ChampionX's Production and Automation Technologies portfolio, providing added value to the company’s customers worldwide.
News
March 21, 2024
CNOOC will do whatever it takes to protect the interests of the firm and its shareholders by legal means, he said at a briefing in Hong Kong. Guyana’s Stabroek block is expected to yield as much as 1.2 MMbpd by 2027, Chief Financial Officer Wang Xin told the event.
News
March 20, 2024
(WO) – Emerson released the Rosemount SAM42 Acoustic Particle Monitor for measuring the amount of entrained sand in the output from oil and gas wells. The monitor can detect extremely low concentrations of entrained sand in challenging conditions with a high level of measurement repeatability and sensitivity.
