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Iran’s gas field saw partial shutdown but Strait of Hormuz flows remained uninterrupted. While Iran consumes all its gas domestically due to sanctions, neighboring Qatar exports 77M tonnes annually from the shared field with Exxon and Shell. to April highs after Friday’s 4.8% Read more Baker Hughes reports U.S.
As fields age, they generate higher water to oil ratios. In some mature fields, 10 barrels of water are generated for every barrel of oil produced. However, it is becoming a problem in some onshore fields. This could force operators to stop production in previously profitable fields. The cost today is closer to US$0.15/bbl.
While some experts expect a short conflict and easing prices, others warn a complete shutdown of the strait could send oil prices soaring to $120-$130 per barrel, hurting global consumers. This addresses a billion-dollar problem, with one operator losing $1.1
Image by Andrii Tokarchuk via iStock EnQuest PLC said it has completed the acquisition of Harbour Energy’s business in Vietnam, which holds a 53.125 percent equity interest in the Chim Sáo and Dua production fields (Block 12W). As of January 1, net 2P reserves and 2C resources across the fields totaled 7.5
From the Permian Basin to the Gulf Coast, companies are pushing the boundaries of efficiency, reliability, and environmental responsibility. The industry is no longer dealing exclusively with conventional natural gas from well-established fields. The energy sector is in a state of constant, dynamic evolution.
How the development, validation, and large-scale deployment of online solids management systems is saving operators money by releasing flowback equipment sooner, minimizing equipment damage due to solids carry-over, and reducing the need for shutdowns and confined space entry cleanout operations.
By continuously monitoring machinery performance, AI enables companies to address maintenance issues before they escalate, preventing costly shutdowns and enhancing overall safety. AI solutions can process real-time data from drilling operations, offering instant recommendations to field workers and reducing human error.
Quietly, smartphone apps and the ability of accounting software to mine and analyze data from field monitoring systems have replaced paper forms, lost tickets and intermittent readings with smooth dataflow, real-time data, and real efficiencies. Nonetheless, it looks radically different than it did 10, even five years ago.
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