Geology & Geophysics ///

Hess provides update on progress, plans through 2025

Hess Corporation will provide a detailed update on progress in executing its strategy for long term value creation at its Investor Day in Houston. The company’s plans through 2025 are expected to deliver strong performance across the following areas:

API reports that access for development allows oil and natural gas industry to be a major revenue generator for Federal and state governments

The American Petroleum Institute released the following statement regarding the Department of the Interior’s presentation of nearly $500 million in revenue awarded to New Mexico from oil and natural gas production on federal lands:

Eni announces new discovery, start-up, offshore Angola

Eni struck a new oil discovery in the Afoxé exploration prospect located in Block 15/06, offshore Angola.

LUX Assure and the University of Strathclyde secure OGIC grant

LUX Assure, a specialist in the provision of chemical monitoring and management solutions, and the University of Strathclyde have secured a grant from the Oil & Gas Innovation Centre (OGIC) to further develop LUX’s successful CoMic technology to provide the industry’s first corrosion inhibitor micelle detection tool with automated data analysis capability.

Saturn Oil & Gas Inc. has been named top purchaser in recent Crown land sale

Saturn Oil & Gas Inc. is pleased to announce that the company was the top purchaser of acreage in the Kindersley-Kerrobert area at the recent Crown land sale on December 4th, 2018.

Rovco live 3D visualization project awarded second phase of funding

Rovco, has been awarded further funding to develop the next stage of its integrated live 3D vision and artificial intelligence (AI) survey technology.

Meet the new Permian, it's double the size of the old one

The U.S.’s fastest growing oil field may have even more to give.

Big oil headed for defeat in long Lofoten battle, minister says

The waters around the sensitive Lofoten islands will probably never be opened to oil exploration, according to Norway’s climate and environment minister.

Fracing slump deepens as Schlumberger walks oil `tightrope'

The North American fracing market -- already expected to be a downer for the holidays -- is turning out to be even worse than expected, according to the world’s biggest oil-service provider.

Woodmac: ExxonMobil's Pluma marks a perfect 10

HOUSTON, LONDON and SINGAPORE -- ExxonMobil's run of success continued with its 10th Guyana discovery on in early December 2018.

OPEC's push to cut even deeper shows price warriors were right

Four years ago, the OPEC secretary-general was defending the group’s decision to refuse production cuts and unleash a price war aimed at driving high-cost rivals including U.S. shale out of business.

Trump said to advance seismic surveys in Atlantic

The Trump administration is taking a major step toward allowing a first-in-a-generation seismic search for oil and gas under Atlantic waters, despite hard-line environmental protests that the geological tests involve loud air gun blasts that might harm whales, dolphins and other animals.

Gazprom BoD reviews prospects of shale gas, LNG sectors

The Gazprom Board of Directors took note of the information about the prospects of the shale gas and liquefied natural gas (LNG) sectors around the world, as well as the opportunities and threats facing the company.

Is a shale-sized oil boom hiding in Britain’s Atlantic Bedrock?

On a sunny October morning, members of the The Geological Society pack an ornate lecture theater at their imposing headquarters on London’s Piccadilly.

Nissan Chemical's nanoActiv EFT increases initial oil and gas production

Nissan Chemical America Corporation (NCA) introduces enhanced flowback technology (EFT) to complement its existing line of nanoActiv products.

Azinor catalyst well success promising proof of industry approach

Oil & Gas UK has praised news that Azinor Catalyst has struck oil at Agar-Plantain as promising proof of industry’s competitive approach to exploration activity.

Golden Software enhances 3D data visualization in Surfer 16

Golden Software, a developer of affordable scientific graphics software, has enhanced the visualization capabilities in version 16 of its Surfer gridding, contouring and 3D surface mapping package.

Desalting EOR produced water to boost productivity

Ellie Albadvi, Saltworks Technologies

Oil companies have the opportunity to cut costs, recycle water, and improve yields using innovative field tested technologies. Water flood enhanced oil recovery (EOR) produced water desalination proved the cost of polymer can be cut by over 50%, while also recycling precious water. The electrodialysis reversal (EDR) technology with novel oil-tolerant ion exchange membranes may prove to be a new frontier in produced water treatment.

Empyrean Energy assesses China’s Pearl River Mouth basin prospects

Empyrean Energy is pleased to announce that Gaffney, Cline & Associates has completed its independent audit of the company’s oil-initially-in-place estimates over the Jade, Topaz and Pearl.

Wood secures $53 million of contracts supporting ADNOC Onshore

Wood has been awarded three new, call-off contracts totaling $53 million by ADNOC Onshore, a subsidiary of Abu Dhabi National Oil Company (ADNOC).