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oil and gas drilling activity saw a notable rebound this past week, driven primarily by a surge in naturalgas rigs. According to the latest Baker Hughes Rig Count, the total number of active rigs rose by seven—the largest weekly gain since December—reflecting growing optimism in the gas sector as prices climb.
has completed the first berthing and discharge operation at the Dabhol LNG terminal. has completed the first berthing and discharge operation at the Dabhol LNG terminal. The company welcomed the vessel GAIL Bhuwan at the facility following the completion of the breakwater project, GAIL said in a media release.
This trend reflects a cautious industry response to sustained price volatility, investor pressure, and a strategic pivot toward naturalgas. Strategic Shift Toward Gas: Naturalgas rigs are up 7 YoY , showing resilience. Producers may be pivoting to gas due to: Stronger gas prices.
A Production Engineer in the oil and gas industry plays a critical role in managing and optimizing the production of hydrocarbons from oil and gas reservoirs. Optimizing drilling and completion strategies to maximize well productivity and longevity.
In naturalgas processing, the purity of the gas stream isn’t just a preference — it’s a fundamental requirement. Before naturalgas can embark on its journey through pipelines and into homes and industries, it must be meticulously stripped of impurities, particularly liquids and solids.
From triple-frac mega pads to fully automated completions, here are the top five trends defining hydraulic fracturing in 2025: 1. Triple-Frac Efficiency: Chevron’s Breakthrough Chevron is scaling a triple-frac strategy in the Permian, completing three wells simultaneously. The result?
An Engineering Technician in the oil and gas industry plays a crucial role in supporting engineers and other professionals in various technical tasks related to the exploration, extraction, and processing of oil and gas. This can involve hands-on work in the field or in a laboratory setting.
“Wood’s scope includes the delivery of substantial upgrades and debottlenecking solutions to the existing Habshan and Habshan 5 gas processing mega-complexes and pipelines, including brownfield modifications and the installation of new facilities”, the contractor said in a press release. Completion is expected 2027.
In the dynamic and demanding world of naturalgas processing, the pursuit of efficiency is relentless. For engineers and project managers across the Texas energy landscape, the core challenge remains the same: how to maximize the recovery of valuable products, meet stringent quality specifications, and maintain cost-effectiveness.
naturalgas sector. A new partnership with Pennsylvania’s Department of Environmental Protection (DEP) will see continuous air monitoring at a Washington County well pad—the most comprehensive study of unconventional gas emissions in the country. With NYMEX gas at $3.59/MMBtu,
At the very heart of this progress lies a critical, often overlooked process: fuel gas conditioning. It is the essential step that ensures the naturalgas powering everything from massive power generation turbines to critical industrial engines is clean, dry, and delivered at the precise specifications required for optimal performance.
Mark Woodward , Reservoir Engineer: Enhanced economics justify initial investment. Hal Mead , Asset Manager: Project completed on time, under budget, with no injuries.
Naturalgas isn’t going away overnight. Fluor Corporation: Building Canada’s LNG Flagship Fact: Fluor and JGC built LNG Canada, achieving a 95% completion rate by 2024, and pioneering modular construction. As part of its transition, Canada is investing in cleaner LNG infrastructure.
Brent Crude $78.03 +1.73% NaturalGas $4.04 +1.35% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Petronas, MOL Form CO2 Transport JV by Jov Onsat | Rigzone Staff | Thursday, June 19, 2025 | 4:35 AM EST The partners already completed the front-end engineering design for a 62,000-cubic-meter LCO2 transport vessel.
Naturalgas production from the Bass Strait assets is 100% dedicated to the Australian domestic market and currently supplies about 40% of Australian east coast domestic gas demand. He has also served as a principal technical professional at Halliburton and as a completionengineer at ConocoPhillips.
Even with Q1 2025 rig activity down 24% year-over-year, production rose 12%—thanks to techniques like triple-frac completions , longer laterals, and automation. naturalgas exports as critical to long-term energy security. Powering AI Data Centers with NaturalGas Chevron is teaming up with GE Vernova and Engine No.
Industrial separation is the most cost-effective capture technology and is widely used in ammonia and bioethanol production, as well as naturalgas processing. This procedure has been used once on CCS licenses, specifically for the HontomÃn Pilot Project, which took about eight years to complete. 2 Comparing â¬39/ton in a 0.6
"Constructing an offshore wind farm is a massive engineering and logistical challenge, requiring the synchronized effort of up to 15 different vessels. Capable of carrying up to 11,000 tons of weight, the vessel can transport three complete wind turbines in a single trip. Onshore construction is also ongoing.
Entropy is a privately-owned company applying sophisticated science and engineering to develop commercial CCS projects. Entropy anticipates Glacier Phase 2 will reach commercial operations by Q2 2026. About Entropy Inc. Entropy entered a strategic $300 million investment agreement with Brookfield Asset Management in 2022.
Though she originally pursued music at the University of Alabama, her career path shifted after visiting a drilling rig—an experience that sparked a passion for engineering and led her into the oilfield. Hollub’s career with Occidental began after a brief stint at City Services, which was later acquired by Oxy.
(NYSE: LBRT) delivered a strong second quarter performance in 2025, highlighting its ability to outperform in a softening completions market while pushing forward with game-changing technology and infrastructure initiatives. Oil & Gas Operator Account List Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St.
Scarborough EPCIC Progress In May, McDermott said it successfully completed the fabrication, construction, and offshore floatover of the Scarborough floating production unit (FPU) topside and hull structures for Woodside Energy.
MBOE/d (24% oil, 52% naturalgas, 24% NGL), generating $241 million in revenue for the quarter. Notably, the Anadarko production mix is heavily naturalgas and NGLs , with only on the order of 14–16% oil – reflecting the liquids-rich gas character of the STACK’s Woodford/Meramec formations.
said it has been awarded a contract by ExxonMobil to deliver a complete flowline decommissioning package for the Hoover Diana development in the Gulf of America. The FPU will have an initial production capacity of 60,000 barrels of oil per day and 40 million cubic feet of naturalgas per day, according to the statement.
Two segments, energy and manufacturing, account for much of the rising demand as companies scramble to build everything from liquefied-natural-gas facilities and pharmaceutical plants to data centers and chip fabs. Risks are rising as uncertainty grows about geopolitics, tariffs, trade , interest rates, and macroeconomic conditions.
"Constructing an offshore wind farm is a massive engineering and logistical challenge, requiring the synchronized effort of up to 15 different vessels. Capable of carrying up to 11,000 tons of weight, the vessel can transport three complete wind turbines in a single trip. Onshore construction is also ongoing.
Rig Optimization: Despite fewer rigs (reduced from five to four), accelerated drilling speed and improved completion efficiency are keeping production targets intact. Haynesville Basin: Holding Steady as Prices Recover Rig Activity: Currently running two rigs, BPX is monitoring naturalgas pricing trends (~$4.40/MMBtu)
Image by AvigatorPhotographer via iStock NextDecade Corporation said its subsidiaries have finalized a pricing refresh of the company’s lump-sum, turnkey engineering, procurement and construction (EPC) contract with Bechtel Energy Inc. billion to $2.0 for 2 million metric tons per annum (mtpa) for offtake from Train 5.
"Constructing an offshore wind farm is a massive engineering and logistical challenge, requiring the synchronized effort of up to 15 different vessels. Capable of carrying up to 11,000 tons of weight, the vessel can transport three complete wind turbines in a single trip. Onshore construction is also ongoing.
Its commercial Aurora power plant is engineered to produce 75 megawatts. As an Energy Developer, Solestiss accelerates access to baseload power while mitigating budget risks by leveraging nuclear and energy infrastructure expertise and naturalgas solutions to drive project success.
Phillips 66 has officially registered the Condor Compressor Station in Martin County, Texas, marking another strategic step in its buildout of naturalgas infrastructure tied to the Dos Picos midstream complex.
Image by Andrzej Rostek via iStock SLB said it was awarded an engineering, procurement and construction (EPC) contract by Equinor for the OneSubsea joint venture related to a carbon dioxide (CO2) subsea injection system for the Northern Lights phase two project offshore Norway.
As part of its second-quarter 2025 report released July 23, Woodside chief executive officer Meg O’Neill said the Trion project offshore Mexico is now 35% complete. As of the end of the quarter, the company finalized the floating production unit (FPU) detailed engineering and procured all equipment and bulk materials.
“We continue to benefit from a combination of iEPCI™ [integrated engineering, procurement, construction and installation], Subsea Services, and direct awards. million in adjusted net income for the second quarter, up 99.8 percent from the prior three-month period and 51.1 percent against Q2 2024. “We achieved $2.6
An Independent Expert Report completed by Cawley Gillespie & Associates in June 2024 estimates the primary target to contain a 2C Contingent Resource of 282 million barrels of ANS Crude (oil, condensate & NGLs) and 804 billion ft3 of naturalgas.
Perenco recently announced the completion of the tests at the depleted Leman naturalgas reservoir in the Southern North Sea using Petrodec’s ERDA rig, the first rig in the UK to have achieved an approved safety case for supporting CCS operations.
The report underscores a clear pivot: naturalgas production growth in the Eagle Ford is expected to stall and decline into 2026 , primarily due to fewer drilling and completion activities planned by operators. Even though 2025 gas production is still expected to increase modestly , momentum is expected to reverse in 2026. “We
Image by ysuel via iStock Kelsian Group Limited said one of its units has signed a binding contract with CP2 LNG engineering procurement, and construction contractor Worley Field Services, Inc., Sørlige Nordsjø II is Norway’s first significant offshore wind development.
Upon the completion of the transaction, DNOW and MRC Global shareholders will respectively own approximately 56.5 by Paul Anderson | Rigzone Staff | Monday, June 30, 2025 | 2:50 AM EST The expanded DNOW will have a footprint of over 350 service and distribution locations across more than 20 countries. as of June 25.
Petronas) to supply the Malaysian national oil and gas company one million metric tons per annum (Mtpa) of liquefied naturalgas (LNG) from its CP2 LNG project in Louisiana. trillion cubic feet a year of naturalgas, when it received FTA export approval April 2022. MTPA of the 14.4 MTPA of the 14.4 MTPA of the 14.4
RWG offers repair and overhaul services for industrial aeroderivative gas turbines in the global oil and gas, power generation and marine propulsion industries. The independent review concerned exceptional contract write-offs relating to an exit from lump-sum turnkey and large-scale engineering, procurement and construction works.
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