Production ///

Probe introduces XY caliper for geothermal well operations

Developed to operate in hostile environments up to 325°C (617°F), the UHT Dimension tool provides two continuous independent perpendicular measurements (X and Y) of the internal diameter of the casing.

Pragma ESP safety valve improves safety, reduces costs for cable-deployed ESPs

The new valve will enable on and offshore installations to meet all safety regulations while improving the operational footprint at the wellsite during installation and retrieval by reducing time, cost, personnel and risk.

ConocoPhillips sells UK E&P subsidiaries, pulls out of Louisiana unconventional play

ConocoPhillips has completed its previously announced transaction to sell two ConocoPhillips UK subsidiaries to Chrysaor E&P Limited for $2.675 billion, plus interest and customary adjustments.

BP is coming up empty in a hotspot for offshore oil exploration

“The pre-salt is good, but it’s not a sea of oil; there are still risks,” said Marcelo de Assis, the head of Latin American upstream research for Wood Mackenzie Ltd. “Deepwater gas is something that doesn’t work. All the developments are focusing on oil.”

SBM Offshore seeks to buy out minority partner in five Brazilian FPSOs

SBM Offshore is participating in a competitive sealed-bid process to purchase the equity ownership in the leases and operating companies related to five Brazilian FPSOs owned by Serviços de Petróleo Constellation S.A.

Pemex faces oil trading team exodus amid pricing review

The departures were sparked by a disagreement within the company over an external review of new formulas created to price oil sales to refiners in the U.S. and elsewhere.

Saudi oilfield attack recovery: Making sense of the numbers

A blizzard of data on Saudi Arabia’s oil production, production capacity and exports has painted a picture of an industry that is almost back to normal after the Sept. 14 attacks. That view may be too simplistic, though.

Vår Energi awards Balder X subsea contract to Ocean Installer, BHGE

Under the contract, BHGE and Ocean Installer will engineer, procure, construct and install 16 new subsea production systems, umbilicals, risers and flowlines to the Jotun A FPSO.

Apache awards North Sea brownfield services contract to Global E&C

Operating across the Beryl and Forties fields, Apache’s North Sea business has demonstrated its commitment to the basin with what is understood to be the largest life of field contract award in the history of the oil and gas sector in the UK.

Court blocks Alberta’s move to cut off oil flow to British Columbia

A Canadian federal court on Tuesday blocked an Alberta law that would have allowed the oil-producing province to cut or reduce fossil fuel shipments to its neighbor amid a dispute over the planned expansion of the Trans Mountain Pipeline.

Norwegian oil, gas production continues to miss forecast targets

The Norwegian Petroleum Directorate report states production in August was below forecast due to technical problems and maintenance work on some fields.

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.