News

Mid-size firms to revitalize Permian shale production with new drilling innovations

April 24, 2024
While production is at record levels, productivity per well in the Permian basin has declined 15% since 2020, due to factors like interference with underground pressure from extensive drilling. However, innovations like longer lateral wells and simultaneous fracking (simul-frac) are improving efficiency and lowering costs.

Technip Energies wins $1 billion contract for TotalEnergies’ 100% electrified Marsa LNG project in Oman

April 24, 2024

Texas LNG sells over half of offtake with additional LNG tolling agreement with EQT

April 24, 2024

Biden’s five-year offshore wind lease schedule underscores need for Gulf of Mexico oil and gas, NOIA says

April 24, 2024

Energy Workforce & Technology Council testifies in support of U.S energy production

April 24, 2024

Trident Energy enters Congolese oil and gas industry with Chevron, TotalEnergies offshore acquisitions

April 24, 2024

Halliburton, Rhino Resources to develop deepwater exploration hot spot in prolific Orange basin offshore Namibia

April 24, 2024

OPEC pledges to support Namibian oil exploration following significant offshore discoveries

April 24, 2024

Matador Resources increases oil production following “surprise” Permian success in 2023

April 24, 2024

Baker Hughes to supply gas technology equipment for Aramco’s Master Gas System project

April 23, 2024

OPEC to increase oil production from July, International Monetary Fund predicts

April 23, 2024

Vår Energi eyes 2024 production startup of key Johan Castberg, Balder X projects offshore Norway

April 23, 2024

Petrobras carries out oil spill simulations offshore Brazil to obtain Equatorial Margin drilling licenses

April 23, 2024

Eni, Ithaca Energy to combine upstream UK assets to increase UKCS presence

April 23, 2024

Oil and gas trade groups call for methane emissions, hydrogen regulation following National Petroleum Council report

April 23, 2024

Upstream M&A activity hits record $51 billion on backs of Permian shale megadeals, Enverus reports

April 23, 2024

Shell, TotalEnergies in talks for stakes in ADNOC’s Ruwais LNG plant

April 23, 2024

Halliburton sees best profit in 12 years as U.S. shale drilling activity slows

April 23, 2024

Techouse delivers new sulphate removal unit for FPSO Voyageur Spirit destined for Ivory Coast

April 22, 2024

Petrofac secures $350 million contract to support asset development offshore Equatorial Guinea

April 22, 2024

Petrobras to address domestic offshore demands with $73 billion production, exploration investment

April 22, 2024
Previous Next
Connect with World Oil
Connect with World Oil, the upstream industry's most trusted source of forecast data, industry trends, and insights into operational and technological advances.
Subscribe Newsletter Sign Up