Production
News
February 02, 2023
U.S. shale companies are set to post yet another strong set of earnings, off the back of robust oil and gas prices in the fourth quarter. But the biggest question for analysts and investors remains whether the industry’s bumper cash flow will tempt them to drill more.
News
January 31, 2023
PCM worked closely with Perenco’s technical department to deliver the natural gas-generated electricity, as well as in close coordination with Société des Hydrocarbures du Tchad (SHT) and Chad’s Minister of Hydrocarbons.
News
January 27, 2023
Rice University’s Mark Finley, Transocean’s Jeremy Thigpen, U.S. Congressman Wesley Hunt and World Oil’s Kurt Abraham took the stage to share one common theme: oil and gas isn’t going anywhere.
News
January 27, 2023
Libya’s abundance of oil and gas reserves — among the largest in Africa — and its proximity to Europe could make it a key energy supplier to the continent.
News
January 26, 2023
Under the contract, Expro will be responsible for designing, building, operating, and maintaining the onshore LNG pre-treatment facility. The plant will be able to process roughly 80 MMcfgd.
News
January 25, 2023
Uganda’s ministry of energy and mines representative said that drilling commencement at the Kingfisher field is a “significant stride” in the country’s efforts to produce commercial oil.
News
January 24, 2023
This is an important step for Germany's energy sector, as the Adorf field provides enough gas to heat “more than 100,000 households,” according to Neptune Energy’s Managing Director Andreas Scheck.
News
January 24, 2023
Saudi Arabia and its partners will hold a review of output levels on Feb. 1, after agreeing on significant cutbacks late last year to keep world crude markets in balance.
News
January 20, 2023
Uganda discovered hydrocarbon deposits in its Western region near the Democratic Republic of Congo in 2006. The country plans to begin oil production in 2025.
News
January 20, 2023
The delay is costing Petrobras a fortune of about $1 million a day for the rig, three helicopters, support boats and workers, according to calculations by consultancy Wood Mackenzie Ltd.
News
January 20, 2023
The produced gas will supply the Omani gas network, feeding both local industry and LNG export facilities.
News
January 18, 2023
The Meranti Cluster, located offshore Peninsular Malaysia, was awarded to Ping Petroleum, which is in partnership with Duta Marine Sdn Bhd. All three PSCs were awarded under the Small Field Asset terms introduced in 2020.
News
January 18, 2023
The frame agreement entails the provision of pipes Alleima produces with CRA materials and finished with TenarisHydril Blue® premium connections and Dopeless® technology.
News
January 17, 2023
The Organization of Petroleum Exporting Countries will need to provide an average of 28.85 million bpd in the first three months of the year, roughly 120,000 bpd less than it pumped last month, according to a report from the group’s Vienna-based secretariat.
News
January 17, 2023
The process, which will provide a significant boost to the UK’s energy security, opened on Oct. 7 and offered acreage across the North Sea. It included four priority areas, which have known hydrocarbons, in which there was very keen interest and could see production in as little as 18 months.
News
January 16, 2023
Symbion’s Chief Executive Officer Paul Hinks confirmed the company won the Makelele methane gas block on Lake Kivu with its partner Renewable Energy Developments. The company proposed a 60-megawatt gas-to-electricity project, in one of the world’s least-electrified nations.
News
January 16, 2023
The North Sea Transition Authority’s announcement that it has received 115 bids for new oil and gas exploration licenses shows how UK offshore energy operators are doing their best to support the nation’s energy future, Offshore Energies UK (OEUK) said on Jan. 16.
News
January 16, 2023
At production start-up, expected in 2025, Lapa South-West will increase production from the Lapa field by 25,000 barrels of oil per day, bringing the overall production to 60,000 barrels of oil per day.
News
January 11, 2023
The "Fololo" design, which was initially developed by Perenco for operations in the DRC, comprises lightweight floating pontoons and legs that can be self-elevated to the required height in a simple, genuine and smart concept developed by the Perenco Group for Perenco Rep.
News
January 11, 2023
Flowserve is working with three engineering, procurement and construction companies. These companies will utilize a diverse portfolio of pumps, mechanical seals and sealing systems for different components of the Jafurah project.
News
January 10, 2023
"We strongly support the draft strategy's commitment to developing a Scottish hydrogen economy, including the exciting ACORN project in the north-east. However, we are concerned at the statement's suggestion of accelerating the decline in oil and gas production," Jenny Stanning, OEUK’s external relations director said.
