Production
Webcast
Achieve Sustainable Gas Exploration and Production to Advance Energy Security
May 17, 2023
Aspen Technology
Natural gas remains a readily available, low-carbon feedstock, providing a 20% reduction in CO2 emissions vs. traditional liquid hydrocarbons. However, it’s critical to optimize operations across your assets’ lifecycle to offset threats of sustainability and energy security.
Join World Oil and AspenTech experts as they discuss how innovative digital solutions support end-to-end gas exploration and production, enabling your teams to:
• Efficiently delineate and find economical natural gas producing opportunities
• Accelerate time to first gas
• Lower the environmental footprint of development
• Maximize asset utilization by optimizing production
Register now to join the conversation! Learn how you can leverage digital solutions to meet the increased demand for natural gas.
News
March 28, 2023
Offshore Energies UK’s Business Outlook report describes how nine out of 10 of North Sea operators are cutting back investment. The companies cite a mix of high taxes, political uncertainty and inflation as key factors in their decisions.
News
March 27, 2023
To date, the southern area of the field has been appraised and developed using extended reach drilling techniques, which has enabled the completion of 3 production wells from the existing Geisum field GD platform, with a further well currently being drilled from the platform.
News
March 24, 2023
“We will get market share,” Prates, Chief Executive Officer of Petrobras, said in an interview in Rio de Janeiro. “We may be the last to produce oil in the world.”
News
March 23, 2023
It’s the first time UK annual energy import costs have broken the £100 billion barrier. OEUK’s Business Outlook Report, published on March 28, will warn that UK consumers and businesses could face similar import bills in this and future years – especially if the windfall tax imposed on UK oil and gas operators remains unmodified.
News
March 21, 2023
The joint venturers expect to spud the first development well in early 2024, acquire, convert, and install oil production infrastructure over the next 3 years, and spud an additional development and a water injection well in 2025-26.
News
March 21, 2023
The total recoverable resources from these development projects were estimated to 730 MMboe net for Aker BP, with net investments of approximately $19 billion in nominal terms and an average break-even price of $35-40 per bbl.
News
March 20, 2023
The walkouts will affect dozens of platforms operated by companies including BP Plc, Shell Plc and TotalEnergies SE, the union said in a statement. No date has been set yet for the start of the labor action that was approved by 1,400 workers.
News
March 20, 2023
The total consideration is $220 million plus a contingent payment element based on oil and gas prices over a 3-year period. A 28% working interest in PL037 gives 23.9% in Statfjord Unit, 28% in Statfjord Nord, 14% in Statfjord Øst Unit and 15.4% in Sygna Unit.
News
March 16, 2023
The investment at Dover underscores Shell's long-term commitment to the U.S. Gulf of Mexico, where production has among the lowest greenhouse gas intensity in the world for producing oil.
News
March 15, 2023
Sarawak Shell Berhad, a subsidiary of Shell plc, has completed the sale of its stake in two offshore production sharing contracts in the Baram Delta to Petroleum Sarawak Exploration & Production Sdn. Bhd.
News
March 09, 2023
Offshore flaring fell again in 2022, by 13% to 22 Bcf of gas, contributing to a total decrease of 50% since 2018, when volumes totaled 44 Bcf.
News
March 08, 2023
Oil and gas operators, service companies and regulators during mid-day on Tuesday gathered to speak at CERAWeek by S&P Global, in a session titled “Reducing Emissions in Oil and Gas Production.” In this session, they shared their perspectives on modern efforts to reduce carbon emissions and greenhouse gasses.
News
March 07, 2023
News
March 04, 2023
Official analysis reveals accelerating the decline of Scotland’s oil and gas production will increase Scotland’s emissions, threaten jobs and ultimately could make Scotland poorer.
News
March 03, 2023
The renewed emphasis on fossil fuel production follows a year of high and volatile prices after Russia’s invasion disrupted gas supplies and the recovery of economies from the Covid-19 pandemic drove demand for oil.
News
March 03, 2023
The transaction includes a non-operated interest in the producing Buzzard oil field (29.89%), an additional operated interest in the Rosebank development (40%) and Suncor employees based in the UK who work with these assets.
Article
February 2023
The oldest well stimulation technique
News
February 28, 2023
The project comprises 36 new wells (21 producers and 15 Injectors), one converted FPSO with capacity for 120,000 bpd of oil production, 230 MMscf per day of Gas Injection and 120,000 bpd of water injection. It will also entail approximately 100 km of rigid flowlines, 100 km of flexible flowlines and 100 km of umbilicals.
News
February 23, 2023
According to Datuk Tengku Taufik, Sabah's Chief Minister, the partnership with SMJSB underscores PETRONAS' efforts to build a more inclusive environment for the oil and gas industry in Sabah, both offshore and onshore.
News
February 20, 2023
The partners have been awarded block EG-01 for an initial period of three years, during which they will conduct subsurface studies based on existing seismic data to further define and evaluate the prospectivity of the block.
