Production ///

Lagoon Water Midstream enters Permian with Double Drop Resources acquisition

Lagoon Water Midstream has closed on the acquisition of Double Drop Resources, a water management company located in the Permian basin.

Russia projects oil output near post-Soviet highs in 2022

Russia expects oil output next year to be back near its post-Soviet high as OPEC+ eases production curbs.

Petrofac lands gas distribution EPCC contract in Bahrain

Petrofac has been awarded a new multi-million-dollar contract by Tatweer Petroleum to support their gas distribution network project in Bahrain.

Aquaterra Energy, Lhyfe and Borr Drilling join on offshore green hydrogen jack-up rig production concept

Aquaterra Energy has signed a partnership with renewable hydrogen producer and supplier Lhyfe and offshore drilling contractor Borr Drilling to develop an innovative concept for offshore green hydrogen production in the North Sea.

OPEC ministers see a path to more oil output increases

OPEC and its allies can likely continue reviving oil production, two key Middle East members said as the group prepares to consider its next supply hike.

Shell reports structural damage to West Delta facilities from Hurricane Ida

The West Delta-143 facilities serve as the transfer station for production from Shell’s assets in the Mars corridor in the Gulf of Mexico to onshore crude and natural gas terminals.

Energy Workforce & Technology Council elects Board of Directors

The Energy Workforce & Technology Council elected new officers and industry leaders during its Annual Meeting, held in Santa Ana Pueblo, NM.

SBM Offshore completes US$1.6 billion financing of FPSO Sepetiba

FPSO Sepetiba will be deployed at the Mero field in the Santos Basin offshore Brazil, 180 kilometers offshore Rio de Janeiro.

Extra OPEC oil production canceled out by hurricane Ida outages

The world will have to wait until October for additional oil supplies as output losses from Hurricane Ida wipe out increases from OPEC+, the International Energy Agency said.

Power struggle threatens Libya oil output once again

Libya’s oil production is in danger of slumping again, as a political power struggle threatens to end a period of relative stability.

Nigeria struggles to find buyers for October oil exports

Nigeria has sent a signal that the recovery in global oil demand still has some way to go, with volumes for next month’s loading struggling to find a home, even among its main customers.

Mexico’s president earmarks $32B to help Pemex boost oil production

Mexico President Andres Manuel Lopez Obrador is raising Pemex’s spending plan for next year to about $32 billion in a bid to boost flagging oil production.

Pemex reduces 2022 oil output forecast after platform troubles

Mexico cut its forecast for oil production at Pemex next year and reduced its tax burden after a string of accidents at offshore platforms signaled the highly indebted state company is struggling.

Canada’s offshore oil outlook brightens on Terra Nova, West White Rose developments

“Commitments shown by Suncor Energy, Cenovus Energy, and Murphy Oil are extremely positive for the Newfoundland and Labrador offshore oil and gas industry," Noia CEO Charlene Johnson said in a statement.

Russia's Gazprom seeks to start Nord Stream 2 gas flows on October 1

Gazprom PJSC is planning to start flowing natural gas through one of the world’s most controversial pipelines next month, according to people with direct knowledge of the company’s plan.

Enbridge to expand U.S. oil export capacity with $3B Moda Midstream deal

Enbridge Inc., the Canadian pipeline giant, agreed to acquire Moda Midstream Operating LLC for $3 billion to add U.S. Gulf Coast oil export capacity. The deal will connect Enbridge with oil produced in the Permian and Eagle Ford shale basins.

Aquaterra Energy signs three-year Angola platform contract with supermajor

Aquaterra Energy has secured a multi-million-dollar agreement with a supermajor to deliver multiple Sea Swift platforms over a three-year period. The platforms will be destined for off the coast of the Cabinda Province, offshore Angola.

Strategic Petroleum Reserve draws increase as Gulf oil remains offline

The U.S. is granting a second refiner in Louisiana access to the country’s emergency crude stockpiles as most oil-producing platforms in the Gulf of Mexico remain offline after Hurricane Ida.

Shale natural gas production in the Appalachian Basin sets records in first half of 2021

Dry natural gas production from shale formations in the Appalachian Basin that spans Pennsylvania, West Virginia, and Ohio has been growing since 2008, and monthly production has recently set new record highs.

OPEC projects oil shortages in 2021, surplus in 2022 as output rises

OPEC and its allies expect global oil markets will continue to tighten this year even as they revive output, but then flip into surplus again in 2022.