More than a year after oil began to tumble, Europe’s largest oil company said the first signs of a recovery are only now starting to show.
Fugro, in conjunction with long-time associates, Diavaz, has been awarded an extension of the ongoing offshore geophysical and geotechnical campaign by Pemex.
Shell Nigeria Exploration and Production Company (SNEPCo) has started production from the Bonga Phase 3 project.
Encouraged by the plunge in commodity prices, the world’s biggest buyers of LNG are demanding more say in negotiations with their suppliers.
Iraq’s Kurdish region ramped up crude exports by 27% in September as the semi-autonomous enclave seeks greater financial independence amid a budget dispute with the federal government in Baghdad.
Statoil will suspend its contract for the Songa Trym semisubmersible after it finishes its current well, Tarvos, in the North Sea, rig owner Songa Offshore announced Monday.
Solid expandable liners provide positive mechanical isolation of old perforations and enable the fracturing of new reservoir rock. These liners have robust mechanical ratings that often exceed the casing that they are being expanded into, and provide maximum ID to permit continuation of planned completion activities.
Wireless networks are changing the way that producers look at wellsite optimization. And in the Bakken shale, where operating conditions are among the most difficult in the world, a pilot test conducted by WPX Energy showed how wireless is increasingly becoming a preferred method.
Low oil prices are constricting drilling activity worldwide with a couple of exceptions. Meanwhile, production and reserve levels have gained, spurred by last year’s stout drilling effort.
Land seismic innovations, such as the affordable acquisition of wide-azimuth, long-offset data, coupled with offset and azimuthally friendly processing, provide rich insights into the Bakken formation.
Additions to U.S. oil reserves from Shale Revolution remain impressive
Russia: Time of choices
Data courtesy of Baker Hughes.
Market data is delayed and provided by Barchart.
Connecting marketers to the World Oil audience What is this?
World Oil TechTalk allows marketers to connect directly with the World Oil audience by enabling them to create content and participate in the conversation on the World Oil website. Each TechTalk article is produced by the marketer. More on TechTalk here.
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.
Connect with World Oil
Sign-up for World Oil Daily News