Production
News
October 30, 2023
By tailoring the AICVs for each reservoir’s needs based on the fluids viscosity and density contracts, the AICV enables operators to optimize zonal production rates based on the composition of the fluids.
News
October 30, 2023
Exxon Mobil Corp. sees tight global oil supplies putting upward pressure on energy prices for at least the next few years as the world continues to suffer from a lack of investment in fossil fuels.
News
Oil industry pushes South Africa to finalize new hydrocarbon law to increase exploration, production
October 27, 2023
The legislation will ensure the orderly and sustainable development of petroleum resources, the increased participation of Black South Africans in the industry and integrated production and exploration rights, according to its preamble.
News
October 26, 2023
Coretrax will deploy its leading ReLineMNS and ReLineHYD expandable casing patches to effectively isolate trouble zones and increase production on the operator’s existing wells.
News
October 23, 2023
The Gabon coup was the ninth in three years through sub-Saharan Africa, a continent that’s home to more than two thirds of Perenco’s production of 500,000 bpd.
News
October 20, 2023
The sanctions relief follows the issuance of the government’s smallest plan in decades for offshore oil and gas leasing during the next five years, Manchin stressed.
News
October 19, 2023
The project will be built at the Obama flow station, situated in Oil Mining License 63, and will have the capacity to produce 405 million tons per day of liquefied natural gas (LNG) and 294 bpd of crude condensates.
News
October 19, 2023
That Venezuelan recovery, along with a more vigorous rebound in Iran, has helped moderate futures prices this year and helped to offset some of the impact of curtailments by Saudi Arabia and Russia.
News
October 16, 2023
Flowco Production Solutions announced the immediate availability of the APEX Multi-Well Controller, giving oil and gas operators more precise monitoring and control technology to optimize their well pads for gas-lifted, plunger-lifted, and GAPL (gas-assisted-plunger-lift) assets.
News
October 12, 2023
Eni and SONATRACH discussed the joint programs for the development of Eni’s operated natural gas production, as well as gas and LNG export to Europe.
News
October 12, 2023
Having slashed crude output this year to prop up prices, Saudi Arabia and its OPEC+ allies are left with a healthy reserve of spare oil production capacity. Outside of the Covid pandemic — when lockdowns caused demand to slump — it’s the biggest buffer in more than a decade.
News
October 12, 2023
U.S. oil production jumped to 13.13 MMbpd last quarter and is forecast to rise to 13.16 MMbpd in the fourth quarter, according to the Energy Information Administration’s monthly Short-Term Energy Outlook released Wednesday.
Webcast
Unveiling Secure Controllers for Efficient and Automated Operations
November 16, 2023
Baker Hughes
Artificial Lift secure controllers are revolutionizing and shaping the future of the oil and gas industry by enhancing operational efficiency and automation. Discover the cutting-edge advancements and immense potential of secure controllers, while also conducting a thorough gap analysis for field automation. Furthermore, gain a comprehensive understanding of the critical IT cybersecurity requirements associated with these controllers.
News
October 09, 2023
Israel ordered the shutdown of a major gas field run by Chevron Corp., citing safety concerns following three days of violence in the region.
News
October 05, 2023
“The 2023 forecast has been further revised downward in the past 12 months following the oil-production cuts announced by OPEC+ in October 2022 and April 2023, and the additional cuts announced by Saudi Arabia in June 2023,” according to the report.
News
October 05, 2023
The acquisition adds 61,000 bpd of net bitumen production capacity and 675 MMbbl of proved and probable reserves to Suncor's existing oil sands portfolio.
Article
September 2023
International activity outside the U.S. continues its growth, as most regions will see a pick-up in drilling. Global oil production posted an unusually stout increase last year, and another solid gain is anticipated this year. Offshore activity is particularly healthy in several regions.
News
October 04, 2023
The revisions proposed by the Commission under Chapter 4 and Statewide Rule 8 reflect the Commission’s mission to serve Texas through stewardship of natural resources and the environment.
News
October 04, 2023
The leaders of the OPEC+ coalition announced the plans in separate official statements on Wednesday. Riyadh has slashed crude oil production by 1 MMbpd, and Moscow is curbing exports by 300,000 bpd, on top of earlier cuts made with fellow OPEC+ nations.
News
October 04, 2023
It makes “geopolitical sense” for Petrobras to look at expanding into Venezuela and Bolivia because they are neighboring countries with vast potential for oil and gas, Prates said in a televised interview late Monday.
Article
September 2023
OPEC’s 1-MMbopd production cut, coupled with increased global demand, pushed crude prices to a nine-month high in September. Yet, U.S. operators have shown restraint, and according to World Oil’s mid-year forecast, this trend will continue, as activity is projected to decline slightly during second-half 2023.
