Production ///

Saudis reveal extent of damage to Kuharis oilfield following attack

Saudi Aramco revealed the significant damage caused by aerial strikes on its Khurais oil field and Abqaiq crude-processing plant last weekend, and insisted that the sites will be back to pre-attack output levels by the end of the month.

Chevron sanctions waterflood project to boost St. Malo production

The newly sanctioned waterflood project in the St. Malo field will advance Chevron’s strategy of maximizing the company’s existing resources in the Gulf of Mexico.

Filling Aramco’s crude orders will get tricky if repair timetable slips

Saudi Arabia’s pledge to fulfill all commitments to oil buyers after a strike on the giant processing plant at Abqaiq means the world’s largest crude exporter must continue to draw heavily on its inventories until production capacity returns.

Oil rises amid doubts about speed of Saudi recovery from attacks

Oil rose amid doubts about the speed of Saudi Arabia’s recovery from the weekend’s attack on its facilities that knocked out a large chunk of its production.

Saudi attack damages kingdom’s role as guardian of the oil market

Saudi Arabia is fixing its energy infrastructure and restoring crude production, but the weekend’s attacks may have done irreparable damage to one of the kingdom’s greatest assets -- its role as guardian of global oil markets.

Shell, BP join collaboration studying methane emissions from natural gas

Working to deliver transparent data to evaluate the most effective methane emissions reduction strategies, the group was established by leading industry companies Cheniere, Chevron, Equinor, ExxonMobil, and Pioneer Natural Resources.

IEA: Member countries hold 15 days’ worth of global oil demand in emergency reserves

“For now, markets remain well supplied with ample stocks available. IEA member countries hold about 1.55 Bbbl of emergency stocks in government-controlled agencies, which amount to 15 days of total world oil demand," the IEA said in a statement.

Saudis keep oil flowing as they patch up wounded industry

“Considering limited spare capacity outside Saudi Arabia and risks of renewed attacks on Saudi energy infrastructure, a risk premium is likely to stay on oil prices in the foreseeable future,” UBS Group AG analyst Giovanni Staunovo said in a note on Wednesday.

Wood to deliver modifications for Equinor’s Martin Linge development

Martin Linge is scheduled to come on stream in 2020 and the gas will flow through a new pipeline connecting to the field via existing infrastructure to St Fergus in Scotland.

Petrofac lands maintenance contract for ADNOC's Al Dhafra Petroleum

Petrofac’s Engineering & Production Services division will provide managed maintenance services for ADNOC’s Al Dhafra Petroleum to support its operations at Haliba field, located onshore along the south-east border of Abu Dhabi.

Clariant Oil Services launches WAXTREAT SubZero Pour Point Depressant technology for cold climate regions

WAXTREAT SubZero is a winterized PPD with customization capabilities, enhancing performance, while mitigating paraffin build-up, in crude oil pipeline systems, at the same time reducing OPEX requirements associated with pipeline cleaning.

Saudi disruption leaves Canada’s biggest refinery vulnerable

Nearly all of the kingdom’s oil shipments to Canada travel to New Brunswick, home to a single refinery, Irving Oil Ltd.’s Saint John plant, which can process about 299,000 bpd. The refinery relied on Saudi crude for more than 40% of its supplies in July, Statistics Canada data show.

Uganda pushes oil companies to carry on, even as Tullow plan fails

Uganda is pressing the developers of its oil fields to commit to making a final investment decision this year, anxious to ensure that a failed plan by Tullow Oil to sell a stake in the project doesn’t stymie progress.

Oil shock unites China with Asia rivals worried about supply

Asia accounts for more than 70% of Saudi Arabia’s crude exports, with the four biggest economies – China, Japan, India and South Korea – leading the pack, according to consultancy Wood Mackenzie. That leaves them particularly vulnerable to rising geopolitical tensions in the Middle East that are now causing global crude prices to soar.

Chevron can resume Saudi-Kuwait oilfield quickly if needed: CEO

Chevron could start oil production “relatively quickly” in the so-called partitioned zone between Saudi Arabia and Kuwait if required to by both nations, CEO Mike Wirth said in an interview with CNBC.

As oil gets volatile, Alberta goes on offensive to draw investors

Alberta Premier Jason Kenney, whose province produces more oil than most OPEC nations, has a message for environmentalists, investors and anyone else who will listen: The world needs more Canadian crude, and standing in the way is foolish.

Aramco tells customers some October oil loadings will be delayed

Saudi Aramco notified at least four customers that some crude deliveries in early October will be delayed to later in the month after attacks on its facilities cut output, though they’ll still receive their full contracted volumes, according to people with knowledge of the matter.

Saudis face lengthy oil halt, with few options to replace losses

Officials at state oil company Saudi Aramco have become less optimistic on the pace of output recovery, telling a senior foreign diplomat they face a “severe” disruption measured in weeks and months and informing some customers that October shipments will be delayed.

Who can boost crude supply to offset attack on Saudi Arabia?

The list of countries that could boost production to offset losses from Saudi Arabia is not a long one, and much of their "spare" capacity may not be accessible.

Alberta’s government sees production curtailment exemptions possible

Alberta Premier Jason Kenney says it’s likely his government will allow oil producers to exceed their provincially imposed output caps if they can ship those extra barrels by rail.