Production ///

Wood awarded Pennsylvania pipeline project

Wood has been awarded a $34 million contract from RH energytrans LLC to construct 28 mi of new pipeline designed to carry natural gas from Pennsylvania to Ohio.

Tenaris to acquire IPSCO Tubulars from TMK $1.2 billion

Tenaris S.A. has announced that it has entered into a definitive agreement to acquire from PAO TMK, a Russian company and manufacturer of steel pipe, 100% of the shares of its wholly owned U.S. subsidiary IPSCO Tubulars, Inc., for $1,209 million, on a cash-free, debt-free basis, which includes $270 million of working capital.

CNOOC reports 2018 reserves, producton, profit increase

CNOOC Limited has announced its 2018 annual results for the year ended December 31, 2018.

Equinor reports record-breaking lift completes the Johan Sverdrump field center

Three days – that’s what it took to lift four of the last pieces in the Johan Sverdrup puzzle into place – the two final platform topsides, a bridge and a flare stack. The processing platform lift was the heaviest lift ever performed offshore.

Wintershall produces record 171 MMboe

Wintershall is looking back in 2019 not only on 125 years of company history, but also on a successful past business year.

North Korea bypassing sanctions with illicit oil, coal transfers

North Korea successfully evaded sanctions to import as much as seven-and-a-half times the allowed amount of refined petroleum last year, according to the U.S. government.

LNG may replace coal in Vietnam's $7.8 billion power project

Vietnam’s latest plans for $7.8 billion in gas-fired power projects may see the nation become one of the world’s newest LNG importers and cut its coal use.

AMLO risks a fall as he tries to pull Pemex back from the brink

Pemex is personal for Andres Manuel Lopez Obrador, who grew up in Mexico’s oil heartland at a time when the state company was a source of national pride.

Energy Transition Outlook reveals crude oil demand through 2050

The Energy Transition Outlook is a model-based forecast of the world’s energy system through to 2050 and, owing to DNV GL’s independent view and technical expertise, has become a widely cited voice on the energy future.

Camber Energy enters non-binding LOI to acquire pipeline service and construction company

Camber Energy, Inc., an independent oil and gas company, has announced the execution of a non-binding Letter of Intent in connection with the company's acquisition of a midstream pipeline integrity services, specialty construction and field services company in an all-stock transaction.

Equinor awards Johan Sverdrup contract for subsea production system

On behalf of the Johan Sverdrup license, Equinor is awarding a contract for constructing and installing the subsea production system for project phase 2 to TechnipFMC.

As U.S. oil supply grows, so does its influence on global prices

For a glimpse into what the global oil price might look like one day, a good place to look is the Dutch port of Rotterdam.

NPD reports production start at Oda field

The Oda field started to produce oil and gas on March 16, 2019. The field, which is located 13 km east of Ula in the North Sea, is operated by Spirit Energy.

U.S. Refiners Look to get in on shale oil export boom

U.S. refiners aren’t just buying crude to turn into gasoline and diesel -- they’re competing with producers and traders to export it.

Advancements in shale reservoir characterization optimize capital expenditures

Camilo Mejia, Natasa Mekic, Weatherford

Profitable production in shale reservoirs is achieved by optimization of capital expenditure and operational strategy improvements from the development of shale reservoir characterization technology.

MCEDD 2019 paves the way to realizing a future of increasing demand

Emily Querubin, World Oil

Gulf Quest LLC, a Gulf Energy Information and Quest Offshore JV, is hosting this year’s 16th annual Marine, Construction & Engineering Deepwater Development (MCEDD) conference on April 2–4, at London’s Novotel London West hotel. Once again, attendees can expect to hear about the latest advances in the engineering, development and production of oil and gas in deepwater and ultra-deepwater fields around the globe.

Neural network-derived model accurately predicts oil recovery in water-drive reservoirs

Don LeBlanc, Eastex Petroleum Consultants

Artificial neural networks are information processing systems constructed to mimic procedures that resemble those of the human brain. They have the ability to learn procedures from training patterns or data. These systems excel at pattern matching, classification, data clustering and forecasting.

Water management

Mark Patton, Hydrozonix

Everything changes

Electric vehicles reducing oil consumption

Electric vehicles are taking ever-bigger bites out of global oil demand, but they haven’t yet caught up with the growing size of the pie.

Libya oil boss sees output gain with hope of BP pumping soon

Libya boosted crude production by a third after restarting its biggest field, and its top oil official sees further gains when companies like BP Plc invest and start pumping oil in the politically divided OPEC nation.