Production
News
December 28, 2022
The assets acquired from Ensign Natural Resources span Live Oak, Bee, Karnes, and Dewitt Counties across the condensate, wet gas, and dry gas phase windows of the Eagle Ford.
News
December 28, 2022
Neptune Energy welcomed Equinor’s announcement of the start of production from the Njord field in the Norwegian Sea. This news follows a major upgrade of the platform and the floating storage and offloading vessel.
News
December 28, 2022
Not all countries use licensing rounds; some use direct negotiation to approve exploration and production rights. It’s time for more African oil and gas-producing states to choose this route.
News
December 28, 2022
U.S. oil producers recouped pandemic losses, while Russian war-time efforts disrupted other operations in 2022. However, that’s a small glimpse into this year’s most interesting headlines. Read more of the top industry news stories here, courtesy of World Oil.
News
December 27, 2022
If 2022 was big for international oil, it was astronomical for the domestic sector. From our coveted annual World Oil Awards to happenings in West Texas, news never stopped flowing. Read the top home-grown stories of 2022 here.
News
December 26, 2022
Independent oil and gas companies are recognizing Africa's tremendous promise and are finding ways to thrive here — and make a positive impact.
News
December 26, 2022
2022 was an enormous year for the oil and gas industry. From oil discoveries in Wyoming to Russia working around Western sanctions, there was no shortage of ground-breaking news. Read World Oil's top news stories of 2022 here.
News
December 23, 2022
The A2H well has been drilled to a total depth of 3,883 m, including a 1,275 m horizontal section within the Amungee Member B Shale in the Beetaloo Sub-Basin, Northern Territory, Australia with Tamboran Pty Limited.
News
December 23, 2022
While Russian Deputy Prime Minister Alexander Novak described the potential output declines as “insignificant,” a cut of that size could still tighten the global oil market at a time when many analysts predict demand in China will be rebounding.
News
December 23, 2022
Dotz’s technology provides a solution to detect and quantify corrosion inhibitors within oilfield premises, providing on-site dosage management and significant savings on maintenance and corrosion inhibitor overdosing and underdosing costs.
News
December 22, 2022
The 380m long and 60m wide vessel will be anchored at a water depth of around 40m and will be able to store over 180,000m3 of LNG and 45,000m3 of LPG.
News
December 22, 2022
Britain’s wind farms produced nearly 74 terawatt hours so far this year, enough to power more than 19 million British homes, according to National Grid data. That exceeded the previous record of 68 terawatt hours set in 2020.
News
December 22, 2022
The Ramform Victory will most likely be rigged to acquire the Barracuda-Caratinga 4D survey, supported by PGS Apollo as a source vessel. Mobilization is scheduled to start in Q2 2023 and acquisition is expected to be completed in early 2024.
News
December 22, 2022
Trillion’s 49% share of gas sales from South Akcakoca-2 and Akcakoca-3, before royalties for November 2022, was $1,412,073. Based on the first 15 days of December gas production for both wells, gas revenue for December will be about $2.1 million.
News
December 21, 2022
The two companies signed a letter of agreement to extend the Block PM 307 Production Sharing Contract covering the Bertam Field, offshore Peninsular Malaysia from Aug. 15, 2025, to Aug. 14, 2035.
News
December 20, 2022
The Persian Gulf state will boost oil production to 1.175 million bpd. The ministry announced a preliminary budget for 2023 with an oil price of $55 per bbl.
News
December 16, 2022
Along with several measures to increase efficiency and recovery, these development projects will enable Aker BP's oil and gas production to grow from around 400,000bpd in 2022 to around 525,000bbl in 2028.
News
December 15, 2022
TAG Oil has chosen the BED 1-7 vertical well for its first re-completion and evaluation operations in BED-1. The data collected from BED 1-7 and incorporated into the modeling studies will help facilitate plans for drilling the first horizontal ARF well in BED-1.
News
December 14, 2022
The reprocessing will apply CGG’s latest advances in OBN processing and imaging technology, including time-lag full-waveform inversion. This will significantly improve the velocity model, overall image resolution and frequency content for fault interpretation and reservoir characterization workflows
News
December 14, 2022
OEUK warned that the declining output from the UK’s existing fields meant continued exploration and financing were vital for the UK’s energy security. They also announced David Whitehouse as the new CEO.
News
December 14, 2022
The most recent South Sudan acquisition is set to usher in new opportunities for energy security and affordability in Africa on the back of new exploration and production drives by independents.
