This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The numbers don’t lie: reservoir engineering just crossed a line it can’t uncross. based reservoir engineers reveals a profession that has reached a strategic inflection point. Engineers have moved beyond proof-of-concept thinking. Engineers are taking control because they have to live with the consequences.
This trend reflects a cautious industry response to sustained price volatility, investor pressure, and a strategic pivot toward natural gas. With the total active rig count falling to 539—down 8 from the previous week and 46 below year-ago levels—states like Oklahoma are beginning to mirror the broader contraction.
Completions Consultant plays a crucial role in the oil and gas industry, specifically in the final stages of well construction and preparation for production. Their primary focus is on the completion phase of drilling operations. This includes determining the type of completion (e.g.,
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. Implementing automation and digitization to enhance monitoring and control systems.
Sustained Free Cash Flow and Shareholder Returns In Q2, CNX delivered $188 million in FCF, bringing its cumulative total to approximately $2.5 The company has discontinued its traditional Corporate Sustainability Report in favor of real-time quarterly updates on its ESG Performance Scorecard.
It is the essential step that ensures the natural gas powering everything from massive power generation turbines to critical industrial engines is clean, dry, and delivered at the precise specifications required for optimal performance. The next generation of systems is being designed with sustainability in mind.
Oil & Gas Drilling Engineer Directory – $25 Buy List Now Includes: Company, Contact Name, Title, Location, email… 1. Delaware Basin Remains the Growth Engine Matador’s core Delaware Basin acreage continues to deliver. The company maintains the flexibility to scale back up if market conditions improve.
Brent Crude $78.03 +1.73% Natural Gas $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.
By drilling and completing multiple wells across adjacent sections and formations simultaneously, the company achieves: Lower costs per foot Higher hydrocarbon recovery Faster project cycles In H2 2025, Coterra is expected to scale this strategy across newly acquired acreage , enhancing margins and operational efficiency.
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. While risks exist, Canada’s energy transition is creating a new economy where sustainability and profitability are inextricably linked.
As the world shifts toward a more sustainable future, addressing carbon emissions remains a top priority. The ReFuelEU Aviation policy sets a sustainable aviation fuel (SAF) blending mandate that increases from 2 percent in 2025 to 34 percent in 2040 and 70 percent in 2050. 3 Assuming a 4.3 percent in 2030 to 35.0 percent in 2050.
Today’s leading companies are: Reducing capital spend while sustaining production Maximizing rig and frac crew efficiency Avoiding knee-jerk cost cuts during downturns Take Chevron as an example. Operational Innovation: Doing More with Less From drilling to completions, the U.S. Devon Energy improved completions efficiency by 12%.
Hydrate Formation: Under certain pressure and temperature conditions, water can combine with natural gas components to form solid ice-like structures called hydrates, which can severely restrict or completely block flow in pipelines. Solids can foul heat exchangers, restrict flow through orifices, and reduce the efficiency of compressors.
Devon’s leadership noted that, while the Delaware Basin is the growth engine, the Anadarko Basin remains a strategic part of the portfolio that they can ramp up or down as needed. Capital and activity: In 2024, Coterra invested $289 million in drilling and completions in the Anadarko Basin.
billion offshore energy project where $250 million in engineering cuts (effectively a reduction in project scope) would keep the project viable even under relatively extreme low pricing scenarios. The benchmarking revealed that the power generation component alone was already 40 percent more costly than similar recently completed projects.
Cost to drill, complete and develop circa US$1 100 000 net, including back costs of US$236 800. “The recent success at Moccasin has been a catalyst and Union Jack is now entering into a period of sustained activity in Oklahoma, where we have every reason to be confident following the Boards decision to expand operations into the US.”
As major North American unconventional plays approach maturity, the industry faces a critical challenge in sustaining production levels and reserve replacement. The models incorporated methodologies to isolate treatment effects related to parent-child relationships and well spacing, conditioned on geological and completion parameters.
Rig Optimization: Despite fewer rigs (reduced from five to four), accelerated drilling speed and improved completion efficiency are keeping production targets intact. Compression Capacity: The Crossroads facility will help manage rising gas-to-oil ratios, enabling sustained high-rate production as reservoir pressure declines.
In Q2 2025, the company dropped three drilling rigs and one completion crew, shaving $400 million off its capital budget. Sustain profitability even in low-price environments. Capital Discipline in a Volatile Market Diamondback is putting efficiency ahead of expansion.
(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. From frac innovation to hybrid microgrids, Liberty is reshaping what an oilfield services company can be.
Drilling Engineer US Contact Directory – $25 Buy List Now Only $25 Includes: Account Name, Location, Phone, Website, Wells Drilled…. Sustain Low-Carbon Leadership in the Permian Environmental performance remains central. Maximize Permian Production with Pioneer Synergies ExxonMobil’s Permian output reached a record 1.5
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.
We work on FPSO assets around the world, providing expert pre-commissioning through to end-of-life services, and this agreement highlights our ongoing commitment to safe, efficient, and sustainable operations. All rights reserved | Tel: +44 (0)1252 718 999 | Email: enquiries@oilfieldtechnology.com )
And that task, which today could take up to two or three weeks to complete, will more likely take as little as two to three hours (if not fewer) using these new tools. We expect this shortage to correct over time as the talent market recalibrates to fill these roles and organizations reskill and upskill their workforces.
An Environmental Specialist in the oil and gas industry plays a crucial role in ensuring that the operations of the industry are carried out in an environmentally responsible and sustainable manner. Sustainable Practices: Environmental Specialists advise on and promote sustainable practices within the industry.
Perenco recently announced the completion of the tests at the depleted Leman natural gas 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. ” Exposure to CO 2 can pose serious health and safety hazards.
Read More Production Engineer Contact List – CA Production Engineers need to balance technical expertise, operational efficiency, and safety measures to ensure the optimal and sustainable production of. Flowback Consultants. They typically work as.
The information contained herein: (1) may not be copied or distributed; and (2) is not warranted to be accurate, complete or timely. The information contained herein: (1) may not be copied or distributed; and (2) is not warranted to be accurate, complete or timely. percent in open-ended funds and ETFs, according to Morningstar data.
Volvo Trucks North America has launched a completely reimagined Volvo VNL to set new industry standards in heavy-duty trucking and improve total customer value, driver productivity, safety and sustainability. The new Volvo VNL features striking aerodynamics and is engineered to achieve a fuel efficiency improvement of up to 10%.
Mayor Leirion Gaylor Baird has completed a project to use the biogas from a Lincoln, Neb., The Lincoln Transportation and Utilities Department (LTU) began the biogas sustainability initiative at the Theresa Street Water Resource Recovery Facility in 2017. wastewater facility to produce vehicle fuel.
21, this paraffinic E-fuel was tested for the first time in Finland Sustainable fuels suitable for the current diesel engine fleet, such as drop-in E-diesel, can be blended with fossil diesel completely freely.
Interested companies can contact Larry Busnardo at lbusnardo@enercominc.com for complete application details; space is limited. NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry.
Methanex Egypt has completed the construction of a 450-meter pipeline and installed a new transfer pump for the direct delivery of methanol from its plant to the adjacent Suez Methanol Derivatives Company (SMD) plant in Damietta to fully meet its methanol requirements. million tons.
Industry leaders like ExxonMobil, ConocoPhillips, Chevron, Diamondback, Devon, and Occidental are racing to optimize capital efficiency while sustaining inventory quality. But as basins mature and geology becomes more challenging, the key question becomes: Can these gains be sustained, or has the industry already picked the low-hanging fruit?
Others said AI itself could chalk sustainable future pathways predicated on renewables. It is something the engineering, procurement and construction (EPC) segment is taking pretty seriously. That's all for now folks. There's plenty more to come from yours truly from Gastech. So k eep reading, keep it here, keep it 'crude'!
Global consulting and engineering company Wood has been awarded an engineering design contract for ADNOC Offshores Lower Zakum development The scope involves detailed engineering design for Package 5 of ADNOC Offshores Lower Zakum Long-Term Development Phase 1 (LTDP1) project, on the UAEs Das Island.
Operators are leaning on efficiency gains and strategic capital deployment to sustain output with fewer rigs. May 19, 2025 As the U.S. Here’s a snapshot of the current landscape, key state-by-state trends, and what it means for 2025. Rig Count Drops Again But Production Still Forecast to Rise For the week ending May 16: U.S.
TETRA recently completed the drilling and sampling operations of an additional test well in the Evergreen Unit with very encouraging results. Given TETRA’s progress with mineral extraction from produced water, the Company is evaluating extraction technologies and development of these additional minerals, including engineering studies.
Interested companies can contact Larry Busnardo at lbusnardo@enercominc.com for complete application details; space is limited. NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry.
In this post we show you how to build a cloud-focused GHG reporting solution using AWS services and the AWS Sustainability Insights Framework (SIF), which help streamline the GHG reporting process. For example, for a compressor engine, we track the hours it was running each day. Block 7 represents the calculation service.
It is their duty to ensure that the neighbouring environment does not sustain irreversible damage during the process of extraction. It also sustains the environmental balance without disturbing their habitat. Contractors linked with different corporations are constantly on the lookout for natural and essential resources.
The Takeaway Occidentals 2025 strategy showcases how efficiency improvements can offset capital constraints, enabling sustained even increased drilling activity. As commodity prices remain volatile, Oxys model of capital discipline combined with operational excellence is setting a strong example in the basin.
producers, balancing capital discipline and shareholder returns with the need to sustain future output. The flat rig count reflects a cautious approach by U.S. Gas drillers, in particular, may ramp up activity if prices rebound as expected in 2025.
The agreement was signed between the Red Sea National Petrochemicals Company, China National Chemical Engineering Co. Completing the design phase will provide a more accurate estimate of the projects actual costa crucial step in securing the necessary financing and achieving financial closure.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content