Production ///

Saudis have ‘huge concern’ over falling global oil supply capacity

Saudi Aramco said oil-output capacity across the world is dropping quickly as the kingdom opened the fifth edition of its flagship investment conference Tuesday in Riyadh.

Falling U.S. crude supply begins to impact global oil prices

The culprit behind the latest jump in oil prices isn’t soaring natural gas prices or even OPEC+’s limits on output but rather what is happening at America’s largest oil storage hub in Oklahoma.

Shell may restart hurricane-hit Gulf platforms ahead of schedule

Royal Dutch Shell is hoping to restart its Ursa oil and gas platform in the U.S. Gulf of Mexico as early as the first half of November, according to a person familiar with the matter who asked not to be identified because the information isn’t public.

Oil inventory at Cushing crude hub nears critically low levels

Stockpiles at the biggest U.S. crude depot are quickly approaching critically low levels. The last time that happened, crude cost more than $100 a barrel.

Op-Ed: Setting the record straight on efforts to prepare for next Texas weather emergency

Recently, there have been several reports inaccurately portraying the efforts of the Railroad Commission of Texas to ensure that oil and gas operators are prepared to operate during the next weather emergency. I would like to set the record straight.

Saudis say OPEC can’t solve surging natural gas prices

“We see our role as extremely limited,” Saudi Energy Minister Prince Abdulaziz bin Salman said during the CERAWeek India Energy Forum.

Permian basin oil output nears pre-pandemic levels

Oil output in America’s most prolific shale patch is getting closer to levels seen before the pandemic-driven market crash, as crude prices surge.

Oil price climb continues, logging eighth weekly gain

Oil rose higher on Monday following an eighth weekly gain, spurred on by the energy crunch as winter approaches.

EQT’s CEO calls for more American shale investment to end energy crisis

The largest U.S. natural gas driller is using the global energy crisis to renew his call for more investment in domestic infrastructure such as pipelines, which he says will enable increased exports and ease shortages.

TotalEnergies and Qnergy work to reduce methane emissions on the Barnett field

TotalEnergies announces deployment of an innovative technology developed by Qnergy, to significantly reduce methane emissions related to its operations on the Barnett gas field in the United States.

Apache eliminates routine gas flaring onshore U.S., completing ESG goal early

Apache Corporation has ended routine flaring in its U.S. onshore operations, achieving one of its 2021 ESG goals three months ahead of schedule.

U.S. shale drillers fear losing European gas orders to Russia

U.S. shale drillers are increasingly worried that swelling Russian natural gas exports will slash their European market share.

Global energy consumption and emissions will climb through 2050, EIA projects

The U.S. Energy Information Administration projects that, absent significant changes in policy or technology, world energy consumption will grow by nearly 50% between 2020 and 2050.

Baker Hughes brings proven flare monitoring and management tech to upstream operations

Panametrics, a Baker Hughes business, has made its flare control and digital verification platform, flare.IQ, available to upstream operators for the first time.

SPIE awarded multi-year engineering services contract for Jansz-Io Compression project

As the reservoir pressure of the Jansz-Io field declines after years of production, compression infrastructure is required to enhance the recoverability of the field.

Vine Energy deploys Baker Hughes’s advanced analytics to enhance gas production and curtail methane emissions

Natural gas producer Vine Energy has signed a contract with global energy technology company Baker Hughes to deploy its artificial lift solution, ProductionLink Edge, across 100 natural gas wells in Louisiana’s Haynesville Shale.

Schlumberger and AVEVA to advance digital solutions for oil and gas production operations

Schlumberger and AVEVA announced an agreement to integrate edge, AI and cloud digital solutions to help operators optimize oil and gas production.

Water management

Mark Patton, Hydrozonix

Regulatory update

Mid-Year Forecast: U.S. to see uptick as crude prices climb, demand recovers

Craig Fleming, Kurt Abraham, World Oil

Despite analysts’ dire predictions about Covid-19’s short-term/long-term effects on the industry, demand and oil prices recovered significantly in second-and-third-quarter 2021. Even with consistently higher oil prices, U.S. operators showed uncharacteristic restraint, focusing on debt reduction and shrinking the DUC backlog rather than new drilling.

Flare combustion monitoring system for upstream flares

Chong Tao, Lei Sui, Baker Hughes

A novel flare combustion efficiency monitoring method has been developed, using parametric modeling based on existing experimental data and computational fluid dynamic calculations. This method can be deployed to upstream flare systems to achieve maintenance-free real-time monitoring.