Production ///

U.S. LNG players tout carbon capture in bid to boost green image

U.S. LNG developers seeking to burnish their green credentials and boost their competitiveness on a crowded global stage are touting a costly and largely untested technology: carbon capture.

Seven countries account for two-thirds of global gas flaring

Gas flaring satellite data from 2020 reveals that Russia, Iraq, Iran, the United States, Algeria, Venezuela and Nigeria remain the top seven gas flaring countries for nine years running, since the first satellite was launched in 2012.

Neptune Energy producing natural gas from Merakes project in Indonesia

Neptune Energy announced that the operator, Eni, said production has started from its Merakes development in the East Sepinggan block offshore Indonesia.

Total’s Force Majeure declaration on Mozambique LNG came prematurely, African Energy Chamber says

The African Energy Chamber encourages all parties involved in the force majeure declaration on the Mozambique LNG project to have a better and more open conversation to find a practical and pragmatic commonsense solution for the project to resume, for the benefit of Total, other companies and especially for Mozambique’s people.

Appalachian basin tops Permian as biggest methane emitting region in the US

Kayrros has released measurements quantifying the total methane emissions across the Appalachian Basin. The findings, derived from satellite data and proprietary algorithms, place the Appalachian Basin ahead of the Permian as the biggest source of methane in the US and identify the primary sources behind its emissions.

Russia projects OPEC+ will maintain oil price course at this week’s meeting

“If nothing extraordinary happens, we have already formed our three-month plans,” Russia’s Deputy Prime Minister Alexander Novak told reporters in Moscow on Wednesday, “Our task will be to look at these plans and maybe confirm or adjust them - yet most likely, this is the meeting to assess the current situation,” he said.

Libya’s oil recovery slows as fight brews over infrastructure spending

Libya’s oil production has fallen below 1 million barrels a day for the first time in months as a budgetary dispute hinders the OPEC member’s ability to fix war-damaged infrastructure.

BP to end Permian flaring by 2025 with $1B+ pipeline network: WSJ

BP will spend about $1.3 billion to build a network of pipelines and other infrastructure to collect and capture natural gas produced as a byproduct from oil wells in the Permian Basin of Texas and New Mexico, the Wall Street Journal reported.

Higher U.S. shale output could spark an OPEC price war, warns Pioneer CEO

Shale, and not the pandemic, was responsible for the initial oil-market crash of 2020, Pioneer Natural Resources CEO Scott Sheffield said at an industry summit. He added that the cartel, frustrated at U.S. producers’ success in taking market share from OPEC, allowed prices to tumble.

Oil prices surge on falling U.S. crude inventory

A U.S. government report showed domestic crude inventories fell by 5.89 million barrels last week, the biggest decline in two months, bringing nationwide supplies to the lowest since late February. A gauge for gasoline demand ticked higher for a seventh straight week.

Machine learning for predicting stochastic fluid and mineral volumes in complex unconventional reservoirs

Fred Jenson, Chiranjith Ranganathan, Shi Xiuping, Ted Holden, CGG

A machine learning workflow can quickly, and accurately, predict mineralogy, porosity and saturation in multiple wells to better understand productive layers in unconventional oil reservoirs.

ChampionX adds autonomous control for rod lift wells in new XSPOC 3.1 software release

ChampionX Artificial Lift announced the launch of XSPOC 3.1, the latest release of its production optimization software. This release provides a number of powerful updates to the XSPOC platform, including advancements in setpoint optimization for rod lift wells and AI-driven autonomous control to better optimize production assets with less resources and time.

U.S. Gulf of Mexico oil production set to increase through 2022, says EIA

The Energy Information Administration forecasts U.S. crude oil production in the U.S. Federal Gulf of Mexico to increase in the next two years, according to the latest Short-Term Energy Outlook. By the end of 2022, 13 new projects could account for about 12% of total GOM crude oil production, or about 200,000 barrels per day.

Petronas partners with AVEVA to drive digital transformation advances

“At Petronas, we are continuously looking to create value with disruptive technologies that offer optimum solutions. Utilizing AVEVA Unified Supply Chain software, we have been able to adopt a more integrated business process, that optimizes our productivity, allowing us to deliver with less,” said Yusri Yusof, vice president of refining and trading at Petronas.

Saudis cover Asian refinery orders as oil output ramps up

Saudi Arabia will supply all the crude oil that was requested by India’s state-owned refiners and at least five other Asian customers next month as the linchpin producer starts to ramp up output.

Total’s latest African deal will position Uganda among major oil exporters

Total CEO Patrick Pouyanne called the pacts a historic milestone for the production work and export pipeline that will draw more than $10 billion of investment. “It’s a very large development, one of the largest that will be developed on this continent,” though just the beginning of a process that will see oil flow in early 2025, he said.

Argentina considers oil price controls to support Vaca Muerta shale exploration

Argentina believes a price ceiling would prevent bull runs in oil markets from triggering a surge in fuel prices, while a price floor would discourage oil companies from pulling out of a marginal asset like Vaca Muerta if markets collapse.

U.S. keeps Dakota Access Pipeline open during environmental review

The Biden administration’s decision to allow the line to keep operating is a victory for pipeline owner Energy Transfer LP and drillers such as Continental Resources Inc. that use it transport crude from North Dakota’s Bakken oil field.

Total expected to proceed with $5.1 billion Uganda oil project

The final investment decision on a key pipeline will see Total tap more than a billion barrels of crude from Uganda and ship it across East Africa to the coast. A decision on the development of the oil fields feeding the pipe is likely at the same time.

Shell reports first profit from upstream operations since pandemic began

Shell’s upstream unit was able to capture “the upside from the current commodity price environment” in the first quarter, according to a statement April 7th.