November 15, 2022
Operators in America’s biggest shale oil basin are set to significantly increase the amount of natural gas they burn into the atmosphere because of a lack of pipeline capacity to ship it elsewhere.
GD Energy Products to provide 3000-hp pumps to U.S. Well Services for electric fracturing operations
October 26, 2022
GD Energy Products has partnered with U.S. Well Services to supply 3,000 horsepower pumps for their Nyx Clean Fleet. Each custom-designed pump is powered by an electric drive motor to create an environmentally sustainable frac unit.
October 25, 2022
Natural gas prices in West Texas dipped below zero for the first time since 2020 as booming production overwhelms pipeline networks, trapping supplies in the region.
October 24, 2022
Natural gas prices in the Permian Basin of West Texas are plunging toward zero as booming production overwhelms pipeline networks, creating a regional glut of the fuel.
October 11, 2022
Nigeria’s oil output continued to fall in September as some onshore production ground almost to a halt, according to government data.
The Oilfields Energy Transition Lowering Emissions Getting You Closer to Your Net-Zero Commitments
October 27, 2022
Understanding todays oilfield industry's electrification challenges is undoubtedly no easy task. With the mounting environmental mandates, continued pressure to manage operating expenses, and lowering emissions at the project site, it makes more sense than ever to have a power engineering partner. Investing in technology that will not only get your project up and running quicker and under budget but that’s' as well environmentally friendly. During this 60-minute webcast, we will discuss the topics facing the Upstream & Midstream Oil & Gas Industry and examine oilfield electrification methods to obtain greater operational efficiencies and also a means to reduce emissions by meeting and exceeding environmental requirements.
September 29, 2022
OPEC+ has begun discussions about lowering oil output when it meets next week, as a fragile global economy continues to weigh on crude prices.
September 28, 2022
The U.S. is on track to grow oil production faster than the government is forecasting, according to a BloombergNEF analysis.
September 26, 2022
Now, in a sign of just how much Russia’s invasion of Ukraine has thrown global energy markets into disarray, it’s natural gas, not oil, that’s becoming more coveted in U.S. shale fields.
September 19, 2022
The United Arab Emirates is accelerating a plan to raise its oil production capacity, according to people familiar with the matter, as it tries to cash in on its crude reserves before the world transitions to cleaner energy.
September 07, 2022
From Saudi Arabia to West Texas, drillers are pumping more oil to cash in on a scorching price rally. But a region that’s home to a fifth of the world’s crude reserves is mostly missing out.
September 02, 2022
Shell Offshore Inc., a subsidiary of Shell plc, will sell its 100% interest in Shell Onshore Ventures LLC to IKAV for about $2 billion, effectively ending Shell's upstream operations in California.
When it comes to oilfield technology innovation, there is often a preference for developments that are viewed as “something new,” as opposed to applying something “old,” which already exists and has been used in one form or another in the past.
August 19, 2022
Touchstone Exploration Inc. announced that the company received the Certificate of Environmental Clearance it needed to conduct development operations within the Cascadura area of the Ortoire block.
August 18, 2022
Tellurian Inc. announced that its subsidiary, Tellurian Production, closed on its previously announced acquisition of $125.5 million worth of assets in the Haynesville shale basin.
August 18, 2022
Neptune Energy announced drilling has begun on a new production well at its operated Rӧmerberg oil field in the Rhine Valley, southwestern Germany.
August 17, 2022
Denbury Inc., an independent oil company based in Plano, Texas, has been exploring options including a sale, according to people with knowledge of the matter.
August 17, 2022
Santos Ltd. has given the go-ahead for a $2.6 billion oil field project in Alaska to expand its production beyond the Asia-Pacific region.
August 16, 2022
Permex Petroleum Corporation, a junior oil and gas company based in Dallas, was approved for a permit to drill on its property in Martin County, Texas.
August 11, 2022
OPEC+ is unlikely to increase output in the coming months because of limited spare capacity, according to the International Energy Agency.
August 10, 2022
U.S. oil production remains on track for a record 2023 even as output grows more slowly than anticipated amid surging costs and labor shortages in America’s shale fields.