Production

News
December 02, 2022
TotalEnergies SE has applied for environmental authorization toward developing its gas discoveries offshore South Africa. Development of the block could potentially revive state-owned PetroSA’s 45,000-barrel-a-day Mossel Bay gas-to-liquids plant, which has run out of feedstock.
News
December 01, 2022
The Biden administration is seeking to stop sales from the Strategic Petroleum Reserve mandated by Congress so it can refill the emergency reserve, a move that could impact the release of 147 million barrels of crude oil.
Article
November
Digital technology and smart devices have fundamentally changed the way that we manage our lives. These advances are now improving operational efficiency in the chemical management sector of the oil and gas industry.
Article
November
Digitalized machine learning and data analytics elevate values of mature fields
Article
November
The recovery of U.S. upstream activity is being slowed by high costs for equipment and services, personnel issues, and supply chain shortages, including spare parts.
Article
November
Part 2 of this three-part series examines the full lifecycle operations simulations performed using BMT’s SLOOP event domain software, to compare subsea (wet tree) and dry tree concepts. This article argues for using a permanently moored dry tree concept with key performance statistics of DP MODUs and platform rigs.
Article
November
A new, 20,000-psi, subsea production system has been developed and is now being manufactured and factory-tested for installation in the Gulf of Mexico. The system was rigorously qualified by an independent third party to ensure all previous technology gaps were addressed. This story explains the technology’s development.
Article
November
With cooperation from local/state governments and landowners, water recycling can increase exponentially in future operations.
Article
November
The issue today is not so much the what, but who controls energy, and who benefits from energy policy. The battle in the fossil fuel industry is not technical nor resource-bound, but about dominating ideology.
News
November 29, 2022
BP Trinidad and Tobago, a subsidiary of BP, reported on Tuesday that its Cassia C development has successfully delivered first gas.
News
November 29, 2022
Exxon Mobil’s recent discovery in Block 15 off Angola in the Bavuca South prospect adds further credence to the notion that Africa is a significant contender in future energy markets, according to the African Energy Chamber.
News
November 28, 2022
During the meeting, which was held at ADNOC headquarters, the board directed ADNOC to pursue a net-zero by 2050 ambition to support the UAE net zero by 2050 strategic initiative. The board also endorsed plans to accelerate its 5 million barrels per day oil production capacity expansion to 2027, from the previous target of 2030.
News
November 27, 2022
Shell Plc is selling its stakes in a group of North Sea oil fields, according to Bloomberg News. The assets include minority stakes in two fields operated by BP Plc and an interest in a discovery field also operated by BP in the waters east of Scotland.
News
November 27, 2022
The Biden administration granted Chevron Corp. a license to resume oil production in Venezuela after US sanctions halted all drilling activities almost three years ago.
News
November 27, 2022
Iraq, OPEC’s second largest producer, plans to start increasing oil export capacity from its southern ports from next year to add a total of 1 million to 1.5 million barrels a day by 2025, according to its OPEC delegate.
News
November 23, 2022
Capricorn Energy Plc. is standing firm behind its merger with Israel’s NewMed Energy LP despite investors holding more than a third of its stock coming out against the planned deal and creating a significant hurdle for its approval.
News
November 23, 2022
3M Project is located approximately 75 km (46 miles) southeast of Madura Island in the Madura Strait, East Java, with an average water depth of around 80 m (262 ft). The project contains three gas fields with a total of nine gas-producing wells.
Article
October 2022
In U.S. land drilling, BHA selection frequently uses heuristics derived from motivations of the directional contractor as opposed to incentives for the operator. The authors propose alternatives that balance the needs of the directional company with the operator’s desire for a high-quality wellbore.
News
November 18, 2022
A milestone many never imagined feasible for the Hibernia project, the initiative that helped revolutionize the economy of Newfoundland and Labrador and created the province's oil industry, is commemorating 25 years of oil production.
News
November 17, 2022
Resoptima is partnering with Aker BP, Sval Energi and NORCE to develop specific solutions that will help reduce CO2 emissions associated with oil and gas asset development and production activities.
News
November 17, 2022
Saudi Arabia has cut oil exports sharply this month as the kingdom delivers on an OPEC+ agreement to shore up global crude markets.
Connect with World Oil
Connect with World Oil, the upstream industry's most trusted source of forecast data, industry trends, and insights into operational and technological advances.