Production
News
August 11, 2021
Futures tumbled 1.2% in New York Wednesday as CNBC reported that the White House contacted OPEC leader Saudi Arabia to help stabilize U.S. gasoline prices.
News
August 06, 2021
The natural gas industry should receive tax incentives similar to those provided for renewable energy projects, according to one of Texas’s top oil and gas regulators.
News
August 03, 2021
The Permian basin, the largest oil producing basin in the US, was the most affected play in the country during the COVID-19 pandemic times. However, production of crude oil and natural gas from this play is likely to exceed the pre-pandemic levels by 2022 amid market recovery from the pandemic, according to a leading analyst.
News
August 03, 2021
Petroleos Mexicanos is measuring crude production at a warmer temperature than government regulators, inadvertently inflating the oil giant’s output figures, according to people familiar with the practice.
News
August 03, 2021
“One of the negatives of this quarter has been some horrible hedging; guys locked in at $42 a barrel,” Paul Sankey, the veteran oil-industry analyst and founder of Sankey Research LLC.
News
July 29, 2021
French oil company TotalEnergies SE and Norway’s Equinor ASA are exiting a key venture in Venezuela, adding to an exodus of foreign firms in recent years as the country’s energy industry has withered.
Article
July 2021
Automation and oil field water management
News
July 22, 2021
Venezuela’s state-owned oil company imported a key component needed to achieve its goal of almost tripling crude production, defying U.S. efforts to isolate the Maduro regime’s grip on power.
News
July 16, 2021
Iran plans to ship a cargo of oil from a port in the Gulf of Oman next week, its first crude export from outside the Persian Gulf and beyond the narrow, crisis-prone Strait of Hormuz.
News
July 16, 2021
OPEC and its allies will meet on Sunday, the latest sign that a bitter standoff between Saudi Arabia and the United Arab Emirates has been resolved.
News
July 13, 2021
The transaction will include all of Oryx’s Permian assets and, with the exception of Plains’ long-haul pipeline systems and certain of its intra-basin terminal assets, the vast majority of Plains’ assets located within the Permian Basin.
News
July 12, 2021
One week after OPEC and its allies abandoned their meeting in acrimony, the window for an August oil-production increase is closing without any deal in sight.
News
July 07, 2021
Favorable hedge positions represent the biggest test yet of shale’s newfound resolve to act with discipline and focus on investor returns, and avoid a return to the relentless pursuit of growth.
News
July 06, 2021
Rally-to-rout oil price gyrations show how the cartel’s internal rifts threaten the stability of the global economic recovery amid concerns about inflation, and tarnished the group’s self-image as a reliable steward of the oil market.
News
July 02, 2021
The United Arab Emirates said it won’t accept a plan by other members of OPEC+ to extend the group’s agreement to curb oil production beyond April 2022, unless it’s allowed to have a higher baseline for its own cuts.
News
July 01, 2021
South Sudan is experiencing a rapid drop in crude output as producing oil blocks have hit peaks and have begun to decline, according to Ministry of Petroleum Undersecretary Awow Daniel Chuang.
News
June 30, 2021
EQT. Corp., America’s largest natural gas driller, set a target to zero out emissions from its own operations and energy use in just four years. The harder part will be tackling pollution from customers, a problem the producer is still mulling.
Webcast
Reducing Flaring and Emissions in Production Facilities
July 14, 2021
TechnipFMC
iProduction™ is a modern approach to multi-well processing focused on the reduction of GHG emissions. This includes well pad processing, gathering lines, and central processing facilities under a single digital interface with autonomous control.
In this webcast, Laura Schilling and Isabel Chan will be detailing how TechnipFMC’s iProduction™ ecosystem can effectively address the facility GHG challenges of the future and reduce LP flaring by 60%. iProduction™ also has a smaller footprint, lower total cost and uses modules prefabricated offsite for faster field startup and lower operating expense. Our customers that have adopted this ecosystem have seen operations becoming more streamlined, reduce GHG emissions, reduce capital, and decrease time to first oil. Our propriety AOS is the dynamically optimizing heart of iProduction™.
Article
June 2021
The titular “cash engine” that is the Bakken-Three Forks shale has been running on fumes. But most of the operators left standing after a wave of consolidations are gearing up for what promises to see the Williston basin play regain some of its grit, as the year unfolds.
Article
June 2021
Historically, operators have employed piecemeal strategies to optimize components of the production value chain. However, achieving autonomous operations will require a holistic approach, integrating traditionally disparate data sources to create a single digital twin that can be delivered with relatively small up-front investment.
