Production ///

U.S. becomes a net gas exporter for the first time in 60 years

America’s trade imbalance just got a bit smaller. The U.S. has now become a net exporter of natural gas on an annual basis for the first time since at least 1957.

Canadian Shales: More wells in ‘18, but full recovery remains elusive

Jim Redden, Contributing Editor

The winter drilling season in the diverse shale plays scattered throughout the western Canada sedimentary basin (WCSB), is shaping up to be the busiest in three years.

Casing while drilling eliminates off-bottom events in a CO2 flooded area

Nicholas Mawford, Tesco

When formations in the northwestern Permian basin presented well integrity challenges and geological uncertainties, Tesco evaluated options for successfully reaching TD. Using casing while drilling, the company completed the job in less time and helped the operator learn how to save money on future wells in the region.

Regional Report: Eastern Mediterranean

Emily Querubin, World Oil

Eastern Mediterranean region are beginning to increase E&P activity and were able to bring several key projects on stream in 2017.

Advanced frac fluid chemistry helps boost Wolfcamp IP rates

Jerry Noles, Troy Bishop, CoilChem, LLC; Neal Hageman, Integrated Petroleum Technologies

A HVFR polymer bridges the gap between slickwater and cross-linked fracs.

Well control trends and mitigation tools: A technology update

Mohamed Amer, Wild Well Control

Improving oil prices have brought increased drilling and production, but also well control failures, due to reduced quality assurance and shortages of competent personnel. Embedding lessons learned from these events, along with integrated use of technology and specialized expertise, can mitigate well control risks.

Kazakhstan overtakes Iraq as OPEC pact's biggest over-producer

Kazakhstan has overtaken Iraq to become the biggest over-producer in the pact between OPEC and its allies to curb oil output.

Wentworth Resources provides update on East African operations

Wentworth, an East Africa-focused oil & gas company, has provided the following update to shareholders.

UAE says OPEC is committed to supply cuts through 2018

OPEC will stick with production cuts for the rest of the year as the group makes headway toward its goal of clearing an oversupply of crude, United Arab Emirates Energy Minister Suhail Al Mazrouei said Thursday.

Lundin reports dry well at Hurri prospect in the Barents Sea

Lundin Petroleum AB (Lundin Petroleum) announces that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has completed the drilling of the Hurri exploration well 7219/12-3S located in PL533 in the southern Barents Sea. The well was dry.

Oil jumps as industry data shows U.S. crude stock monster draw

Oil popped in after-hours trading as an industry report showed the biggest draw in U.S. crude stockpiles for this time of year since 1999.

U.S. crude output on track to rival giants Russia, Saudi Arabia

The U.S. may challenge Saudi Arabia and Russia in the next two years in the race to become the world’s largest oil producer.

API's Jack Gerard delivers 2018 State of American Energy speech

API's president and CEO Jack Gerard delivered a speech at today's 2018 State of American Energy event.

OPEC's oil cuts claim a victim as supertanker earnings crash

OPEC’s strategy to end a worldwide crude glut is causing havoc for a vital link in the oil industry’s supply chain: the fleet of supertankers that shuttle fuel between continents.

Anadarko discussing Mozambique LNG supply with Chinese buyers

Anadarko Petroleum is in talks to sate China’s increasing appetite for liquefied natural gas from its planned development in Mozambique.

Iran says OPEC doesn't like oil over $60 as it nears $70

A key OPEC minister has warned that the group risks overheating the oil market as crude prices head toward $70/bbl.

IPAA responds to FERC ruling that rejects plan to aid coal, nuclear power

IPAA has responded to today's FERC decision to reject Secretary of Energy Rick Perry's plan to prop up coal and nuclear power.

Magnolia Petroleum participates in three SandRidge Energy-operated wells in Oklahoma

Magnolia Petroleum plc, the AIM quoted US focused oil and gas exploration and production company, is pleased to announce that it has received notice from SandRidge Energy, the operator of the Gilchrist 2016 1-36H well (Gilchrist) in Oklahoma, that three additional increased density wells are to be drilled on the same spacing unit to maximize the recovery of reserves.

UTEC secures major survey contract in Australia

UTEC, a global survey company in subsea services group Acteon, has been awarded a contract by Technip Oceania Pty Ltd, part of TechnipFMC in Australia, to provide survey and positioning services on the Greater Enfield Project, offshore Western Australia.

Iraq wants Kurdish Kar Group to halt oil operations in Kirkuk

Iraq’s parliament wants the Kurdish Kar Group to halt work at its oil operations in the disputed northern region of Kirkuk, which the central government reclaimed from the OPEC country’s semi-autonomous Kurdish authorities in October.