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OPEC+ likely to pause output hikes after next meeting, says Goldman Sachs

Oil & Gas 360º

Our base case remains that they will be done raising production once the 2.2 Back in May, Goldman had anticipated that OPEC+ would pause production hikes after an increase in July but the group carried on. million bpd of supply that they’d voluntarily held back, with about 550,000 more to go for the first tranche to be complete.

Crude Oil 130
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Bridging the Data Gap: How Transfer Learning Revolutionizes Production Forecasting in Frontier Basins

Novi

As major North American unconventional plays approach maturity, the industry faces a critical challenge in sustaining production levels and reserve replacement. This blog post is based on the technical paper “Can Transfer Learning Be Used to Forecast Production in Frontier Basins? Download the full paper here.

Basin 52
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Expro secures contract with Woodside Energy for Trion deepwater project

Oilfield Technology

Under the agreement, Expro will provide industry-leading tubular running services (TRS) and cementing services for what will be Mexico’s first deepwater oil production facility – a major milestone in the region’s energy evolution. Already a member?

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Zephyr Energy announces result of oversubscribed Bookbuild and Posting of Notice of general Meeting

Oil & Gas 360º

The Placing was undertaken on the back of three key recent catalysts for the Company: The Company delivered a highly successful production test on the State 36-2R well. Colin Harington intends to take part in the Director Subscription, which is expected to complete alongside the Second Placing subject to the passing of the Resolutions.

Energy 130
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Union Jack Oil plc sign farm-in agreement with Reach Oil and Gas for the Sark Drilling Project

Oilfield Technology

Cost to drill, complete and develop circa US$1 100 000 net, including back costs of US$236 800. Estimated success case of NPV10% circa US$10 900 000 net, based on a US$65/bbl oil price. Secondary targets productive in the immediate area include the Prue Sands, Red Fork and Base Pennsylvanian Sands. Already a member?

Oil 52
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Touchstone Posts Production Numbers from Trinidad Asset

Rigzone

Brent Crude $69.46 -0.09% Natural Gas $3.52 -0.56% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Touchstone Posts Production Numbers from Trinidad Asset by Rocky Teodoro | Rigzone Staff | Thursday, July 17, 2025 | 7:00 AM EST The acquired entity holds a 65 percent operating interest in the Central Block exploration and production license.

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What We Saw at URTeC 2025: A Conference in Transition

Novi

We saw everything from “vibe code a production forecast” demonstrations to LLMs generating reservoir engineering functions. While these proof-of-concepts showed promise, they felt more like impressive tricks than production-ready tools. A Case Study from the Powder River Basin D. Niederhut, K. Niederhut*, G.

Basin 52