Production
News
February 13, 2023
The European Union downplayed the impact of Russia’s cut in oil production and said it was forced on Moscow by sanctions related to its invasion of Ukraine.
News
February 13, 2023
ADNOC Drilling’s revenue for the year increased to $2.67 billion, up a robust 18% compared to 2021. Year-on-year revenue growth was led by the Onshore and Oilfield Services (OFS) segments, while all segments achieved positive year-on-year performance as the company enables ADNOC’s accelerated production capacity target of 5 MMbpd by 2027.
News
February 10, 2023
The OPEC+ group will maintain output despite plans by the Kremlin to cut 500,000 bpd in retaliation for international sanctions, according to delegates who declined to be identified.
News
February 08, 2023
In 2023, Equnior plans to invest in a profitable and robust oil and gas project portfolio, contributing to energy security and decarbonization. The company will also progress on its energy transition plan with further growth in renewables.
News
February 06, 2023
Winter Storm Mara swept through Midland, the Dallas-Fort Worth area, and into San Antonio, covering several gas production basins in the state. The key elements of natural gas supply all performed up to par during the arctic blast.
News
February 06, 2023
Rao’s proposed pilot project recently received a grant from LSU’s LIFT2 program, which moves innovative concepts closer to commercialization. His LIFT2 project would initially convert orphan wells to carbon-neutral production wells through GAGD-process adaptation.
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.
Webcast
Oil & Gas Forecast 2023
February 22, 2023
IPAA, Universal Pressure Pumping, Oil States, WOM
Now in its 97th year, the World Oil Forecast is one of the upstream oil and gas industry's most trusted sources of projections and data relating to global E&P activity. Utilizing data collected from proprietary surveys of governments and operators in the U.S. and worldwide, this definitive industry report includes projections for spending and activity, worldwide drilling and production, and an analysis of political factors impacting the U.S. and international oil and gas industry. Now, more than ever this information will help market leaders make decisions relating to their businesses.
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.
