Production ///

New Mexico shale drillers brace for impact of a possible Joe Biden victory

The Permian in New Mexico, unlike in Texas, lies largely on federal land. And Biden, the Democratic candidate for president, has promised to ban new fracing on federal land on “day one” if elected.

Achieving operational efficiency gains using a total fluids management service

Garrow Wessendorff, Panther Fluids Management

The benefit of complex wellsite fluid systems can be gained more readily with a total fluids management approach. The author describes such a system, its various components and how they work together to deliver value using a unified approach.

Next level optimization: Zero NPT

Caroline Linder, Weir Oil & Gas

As the industry shifts to conducting operations in 2020’s climate, thriving now depends on minimizing NPT and operating costs, more than ever.

Texas oil regulator exceeds state’s annual goal for plugging abandoned wells

For the fourth straight year the Railroad Commission of Texas has exceeded its performance target of plugging abandoned oil and gas wells throughout the state. With the fiscal year ending on Aug. 31, the agency plugged 1,477 orphan wells in Fiscal Year 2020, which exceeded the target of 1,400 set by the Legislature.

Neptune Energy commences subsea construction on Seagull project

Neptune Energy and its joint venture partners BP and JAPEX announced the beginning of the subsea construction phase of the Seagull tie-back project.

Tullow reviewing its Kenya plans as stake sale falls through

Tullow Oil is undertaking a six-month review of the viability of its operations in Kenya after a planned sale of its stake in the project fell through.

Hunting adds recomplete charges to Energetics product line

Recomplete charges are designed to produce perforations during well recompletion activities. Utilizing Hunting’s EQUAfrac shaped charge technology, they deliver an optimized entry hole size and minimum variation through both liner and casing.

Bidders line up for Exxon’s UK North Sea oil and gas assets

Exxon Mobil’s UK North Sea assets have attracted suitors from state-owned companies to private equity-backed firms as the U.S. oil giant seeks to exit the aging region altogether, according to people with knowledge of the matter.

BP makes its peak oil demand prediction amid historic drilling trends in the U.S.

BP has boldly claimed that global oil demand will peak in the next ten years in its 2020 Energy Outlook. Some emerging trends in the upcoming World Oil 2020 Drilling Forecast reveal how future production capacity may make that possible.

Libyan general to end oil blockade, adding more barrels to a glutted market

General Khalifa Haftar said on television that he has decided to allow the reopening of Libya’s oil ports “as per conditions and guarantees that ensure a fair distribution of wealth and spare it being plundered or used in terrorism financing.”

Pemex projects production declines, AMLO’s new refinery to slash oil export volumes

AMLO swept into power in December 2018 promising to rescue Pemex by dialing back his predecessor’s 2013-2014 energy reforms, which had ended the company’s nearly eight decades-long monopoly. He has also pledged to ramp up domestic fuel production to reduce dependence on gasoline imports, which account for about 65% of what Pemex sells in Mexico.

U.S. looks to close liability loopholes for bankrupt offshore oil producers

The Interior Department is proposing rules to strengthen the issuance criteria after companies have filed for Chapter 11 and escaped financial obligations to cap their non-producing wells, said Walter Cruickshank, acting director of the department’s Bureau of Ocean Energy Management.

Saudi oil minister admonishes OPEC+ quota cheaters

In recent months, the UAE has become one of the worst quota-breakers among the Organization of Petroleum Exporting Countries and its allies. The UAE made just 10% of its pledged cuts in August, according to the International Energy Agency.

Acoustic Data lands North Africa downhole monitoring project

Acoustic Data’s SonicGauge technology will deliver real-time surface-read-out of downhole pressure and temperature on post-frac well tests via acoustic telemetry at the project.

Autonomously reducing water production and improving oil recovery in Oman

Osama Abazeed, Tendeka

Effective management of reservoir sweep, with regard to wellbore influx, is an inherent issue affecting horizontal well lengths. As an active, self-regulating technology, autonomous inflow control devices respond to viscosity changes to choke water and gas more effectively, increasing production and sustainability.

UAE pushes oil output past OPEC+ targets, IEA says

The United Arab Emirates almost entirely disregarded its commitment to OPEC+ production quotas last month, when it opened the taps even further, according to the International Energy Agency.

Faltering oil demand puts new pressure on OPEC+ production agreements

On September 17th, Saudi Arabia and Russia will chair a monitoring meeting to assess whether the vast production cuts, which they started easing in August, are still staving off an oil glut. New signs of exporters reneging on the deal aren’t helping.

Enterprise cancels major Permian crude pipeline project

Enterprise shelved plans to add 450,000 barrels a day of capacity to a system that carries oil from Texas’s Permian basin to the U.S. Gulf Coast. It joins scores of oil explorers, contractors and pipeline giants that have slashed billions of dollars in investments amid a swelling supply glut that sent crude prices plummeting earlier this year.

PESA says oilfield job losses exceed 100,000, but layoff rates are slowing

The monthly Oilfield Services and Equipment Employment Report, compiled and published by the Petroleum Equipment & Services Association, shows total job losses due to pandemic-related demand destruction reached 103,420 in August. OFS employment is down more than 121,000 jobs since August 2019 and is at its lowest point since March 2017.

Husky sees an uncertain future for West White Rose and other offshore Canada operations

“Unfortunately, the delay caused by COVID-19 and continued market uncertainty leaves us no choice but to undertake a full review of the project and, by extension, our future operations in Atlantic Canada," said Husky CEO Rob Peabody.