Production ///

ADES wins two onshore contracts in Saudi Arabia

ADES International Holding PLC, an oil & gas drilling and production services provider in the Middle East and North Africa, is pleased to announce that it has secured two onshore drilling contracts in the Kingdom of Saudi Arabia, following a competitive tender process.

Venezuelan oil finds home in India as U.S. shuns shipments

India is feasting on Venezuelan oil, after the U.S. imposed a de facto ban on crude imports from the Latin American nation.

Shell eyes limit to how clean oil output can be

There’s only so much you can do to make oil and gas production cleaner.

TransCanada denied request for some Keystone XL preparations

TransCanada Corp. was partly denied a request to continue some pre-construction work on the Keystone XL oil pipeline while a dispute over the project’s environmental review wends its way through the courts.

Gazprom sign subsea production equipment contract

Alexey Miller, chairman of the Gazprom management committee, and Yan Novikov, chairman of the management board, director general of the Almaz-Antey Corporation, at the Russian Investment Forum in Sochi signed a long-term contract for the supply of import-substituting products in the amount equal to guaranteed future purchases.

Proposed U.S. sanctions could impact Russian gas exports

New Russia sanctions proposed by members of the U.S. Congress could hinder the development of natural gas export pipelines.

Shutdown of historic field forces Dutch to look abroad for gas

After decades of supplying itself and its European neighbors with natural gas, an era has officially come to an end for the Netherlands.

Encana completes acquisition of Newfield Exploration

Encana Corporation has announced that it has completed its acquisition of Newfield Exploration Company in an all-stock transaction.

BP energy outlook 2019 envisions rapid growth, low-carbon future

The Energy Outlook explores the forces shaping the global energy transition out to 2040 and the key uncertainties surrounding that transition.

Upstart pitches plan for cheapest U.S. gas on water

A little-known company is planning to be a standout in the crowded field of U.S. shale gas exports by slashing construction costs for the massive terminals that turn gas into a transportable liquid.

Aramco comes out to play on an empty playground

According to Khalid Al-Falih, Saudi Arabia’s energy and industry minister and chairman of Saudi Arabian Oil Co., “the world is going to be Saudi Aramco’s playground.” If it is, then that will be partly because some others have ceded ground.

Price for heavy-crude surges with U.S. ban on Venezuelan oil

Some of the world’s dirtiest and densest crudes, traditionally spurned for being too difficult to process, are having a moment in the sun, with a little help from President Trump.

Shrinking demand may necessitate OPEC production cut extension

Even as OPEC begin implementing the output cuts they agreed in December, the world’s crude requirements are shrinking further, suggesting that they will need to extend the deal through the second half of the year.

Cenovus forges ahead on rail plans as Canadian peers dial back

Cenovus Energy Inc. is forging ahead with plans to expand its rail shipments of crude to U.S. refiners, even as some peers dial back, in a bet that pricing for Canadian heavy crude will soon shift to make those shipments more economical.

125 years of Wintershall: Anniversary year and start of a new chapter in the company’s history

Wintershall was founded exactly 125 years ago, on Feb. 13, 1894. “A proud birthday only few companies get to experience,” says Mario Mehren, Wintershall’s CEO. Wintershall is now Germany’s largest internationally operating crude oil and natural gas producer.

Danos to acquire Shamrock Energy Solutions

Danos is pleased to announce that it has reached a tentative agreement to acquire the assets and business of Shamrock Energy Solutions, a privately held 22-year-old oilfield service company, based out of Houma, La.

Oil extends gain on Saudi output pledge, Trump trade flexibility

Oil climbed for a second day after Saudi Arabia pledged to deepen production cuts and U.S. President Donald Trump said he might extend a deadline for additional tariffs on China.

Sentinel Midstream plans deepwater crude oil export facility near Freeport, Texas

Sentinel Midstream has announced its planned development of Texas GulfLink, a proposed Deepwater Crude Oil Export Terminal, located near Freeport, Texas

Canada expects a quiet, flat year for E&P activity

Robert Curran, Contributing Editor

A year ago, things appeared to be looking up for Canada’s oil patch, but that proved unfounded. In early 2019, more uncertainty and pessimism are in the air, and little on the horizon provides hope for improvement.

Examining the role of outsourced service providers and external workers

Arun Srinivasan, SAP Fieldglass

The oil and gas industry relies heavily on external workers, in the field and in the office. A recent survey of senior oil and gas executives shows how the external workforce is sourced, managed and deployed—and how it adds value.