Chevron expands its deepwater portfolio by assuming control of projects from BP as the U.K. company freezes wages and cuts spending in response to collapsing crude prices.
U.S. Sen. Lisa Murkowski, R-Alaska, has criticized the Obama administration for its continued campaign to shut down oil and natural gas activity in Alaska.
The transportation of six 13MW gas-turbine power units to Russia’s Vostochno-Messoyakhskoye field, for the construction of a gas-turbine thermal power plant has begun.
China is poised to maintain its commercial hoard of more than 200 MMbbl of crude within three years even if oil rallies toward $130/bbl.
Maersk Oil UK has awarded Ramboll Oil & Gas the detailed design for the two jackets for a central processing facility platform and a separate utilities and living quarter platform for Culzean field offshore Aberdeen.
McDermott International has announced that Derrick Barge 50 (DB50) recently completed the installation of a drilling and production platform in the U. S. Gulf of Mexico continental shelf that included the heavy lift of a 3,250 ton jacket.
Injection pressures of proppant-laden slurry and proppant-free spacer, using a pulsing approach, were found to be significantly lower than those applied with conventional hydraulic fracturing treatments.
Often a regulatory requirement, contingency plans for an accidental subsea release or blowout require advanced engineering analysis to understand the potential magnitude and consequences, and the use of a containment system.
As the offshore drilling industry continues to move into more challenging environments, well control is becoming increasingly critical.
The year 2014 has been a period of not only great profitability for the global upstream industry but also a time of considerable volatility.
Numbers help to explain Saudi mindset on global production
Don’t turn off the lights; the party ain’t over!
U.S. Natural Gas (Henry Hub): $2.879West Texas Intermediate: $45.22Brent Blend: $49.25
U.S.: 9.057 MMbpd (November 2014)
World: 91.76 MMbpd (November 2014)
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Over the last two years, we’ve seen a marked increase in the number of gas divestments taking place in Canada’s oil and gas sector.
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