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a subsidiary of Chevron Corporation ( NYSE: CVX ), and Halliburton ( NYSE: HAL ) jointly developed a new process that enables closed-loop, feedback-driven completions in Colorado. A combination of technologies from the wellsite to the cloud is required to enable this new approach to intelligent completions.
has completed the sale of its producing oil and gas assets in Greater Angostura in Trinidad and Tobago to Perenco Group for AUD 206 million ($135.18 Anglo-French explorer and producer Perenco now owns 45 percent of Angostura in Block 2(c) and 68.46 Image by ssuaphoto via iStock Woodside Energy Group Ltd.
As major North American unconventional plays approach maturity, the industry faces a critical challenge in sustainingproduction 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.
In recent years, the Energy Transition and Emerging Technology session at EnerCom Denver has highlighted early-stage innovators and entrepreneurs working to reshape the global energy industry, tackling complex challenges, advancing technologies, and exploring new sources of energy.
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.
Cost to drill, complete and develop circa US$1 100 000 net, including back costs of US$236 800. Secondary targets productive in the immediate area include the Prue Sands, Red Fork and Base Pennsylvanian Sands. Estimated success case of NPV10% circa US$10 900 000 net, based on a US$65/bbl oil price. Already a member?
As the world shifts toward a more sustainable future, addressing carbon emissions remains a top priority. Skip to main content The Iberian green industrial opportunity: Carbon capture and storage July 10, 2025 | Article Carbon capture and storage could play a critical role in decarbonizing hard-to-abate industries in the Iberian Peninsula.
We will explore the inherent challenges in gas separation, the mechanics of these innovative devices, and the tangible benefits they bring, including enhanced operational reliability, reduced maintenance, and superior product quality. Product Quality: Sales gas specifications demand very low levels of water and hydrocarbon liquids.
The future of this essential technology is being engineered right now, and it looks smarter, more efficient, and more sustainable than ever before. This guide will explore the technological advancements and emerging trends that are shaping the future of fuel gas conditioning. The modern approach is modularization.
Today’s leading companies are: Reducing capital spend while sustainingproduction 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. It’s no longer about chasing barrels at any cost.
“It offers significant long-term potential, with access to over 7 trillion cubic feet of natural gas resources and future opportunities for production capacity expansion”, Malaysia’s state-owned Petronas said then. In the chemicals sector, the five-year plan aims to build a top-three player.
The reasons for subpar returns varied from rosy assumptions about input costs, productivity levels, and work-hour requirements to unrealistic views on market dynamics. One solution that company leaders wanted to explore would combine new power generation capacity with carbon capture, utilization, and storage (CCUS) technology.
The contract covers the provision of Offshore Shutdown Support Services for the Triton floating production, storage and offloading (FPSO) vessel, located approximately 120 miles east of Aberdeen in the North Sea. Already a member?
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. Automation is also helping to reduce product quality variances. By 2035, automationâs impact across consumer subsectors could begin to diverge (Exhibit 1).
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. Already a member?
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.
Faster project completion. While PHX works with 23 of the top 25 North American producers, sustained oil price weakness could affect industry spending. . • In 2017, drilling a 10,000-ft lateral well took 8.76 In 2024, using PHX’s tools, that same well is drilled in 3.8 Faster drilling means: Lower costs for operators. Net debt: $12.27
A logistics coordinator in the oil and gas industry plays a crucial role in ensuring the efficient movement of materials, equipment, and personnel to support exploration, production, and distribution activities. They need to ensure that the right materials are available at the right time and in the right quantities.
Typical priorities include sharpening the value proposition to both captive and third-party clients; taking stock of distribution footprint, product range, and growth initiatives; finding the right approach to participate in alternative investments; and using technology to improve efficiency, resilience, and scalability. All Rights Reserved.
(Oil & Gas 360) Opal Coalbank consists of nine DUC wells on track for production this summer Previously announced drilling of Rusch Pad ahead of schedule Recently announced strategic hedging program in the money by ~$70 million HOUSTON, TX, April 28, 2025 (GLOBE NEWSWIRE) — Prairie Operating Co.
Energy Development Corporation (USEDC), a Fort Worth-based exploration and production company focused on developing oil and gas projects for itself and its partners, has acquired ~20,000 net acres in Reeves and Ward Counties, Texas. from $165 million to $300 million Fort Worth, TX U.S. oil and gas properties. Increased Citibank, N.A.
BPs management touted the early results of the strategy reset and the three project start-ups this year, out of 10 major projects expected to begin oil and gas production by 2027. billion share repurchase program completed on April 25, 2025. However, BPs operating cash flow plunged to $2.8 billion, down by around $4.6
The first well was spud on April 1, 2025, utilizing Precision E-Drilling Rig 461, as part of the Companys continued strategy to expand production and enhance operational efficiencies in the Denver-Julesburg (DJ) Basin. Drilling is expected to be completed by early June, with hydraulic fracturing commencing shortly after.
Our combined company will include exceptional technical and support personnel from the two companies in both the office and field and an experienced Board of Directors that prioritizes sustainable and profitable growth to generate strong returns for our combined shareholders. million acres in Alberta. billion 1.
However, as Day I of Gastech - which is formally running from September 17 to 20 - kicked off on Tuesday, energy bosses bemoaned the lack of clarity and consistency from Washington on policy matters pertaining to natural gas exploration and LNG permits. Others said AI itself could chalk sustainable future pathways predicated on renewables.
Im proud to showcase Saturns ongoing operational efficiency with an average 20% well outperformance while our spending remains on budget, providing valuable flexibility in a tumultuous market, and positioning us to reallocate capital as may be needed without impacting our production guidance, said John Jeffrey, Chief Executive Officer of Saturn.
Andy OBrien, currently senior vice president, Strategy, Commercial, Sustainability and Technology, will succeed Bill as chief financial officer, effective June 1, 2025. Andy will also retain responsibility for Strategy, Commercial and Sustainability.
. “By leveraging cutting-edge intellectual property, these asset integrity management solutions provide industry-leading gas quality assurance capabilities to customers while providing a platform for future growth as we partner with Flotek to explore applications of this technology across other industry verticals. ProFrac Holding Corp.
TotalEnergies and OQ Exploration and Production (OQEP) have broken ground on the Marsa LNG plant in the port of Sohar, northern Oman The 1 million ton per year (Mt/y) liquefaction plant is being built by Marsa LNG LLC, a joint company between TotalEnergies (80%) and OQEP (20%).
Three key themes emerged from the update: major exploration success in the Gulf of Mexico, oil price commentary, and a demonstration of financial resilience. This shorter cycle time from drilling to production optimizes capital efficiency and improves returns. BPs internal planning assumptions currently model Brent crude at $71.50
What is the quality and quantity of the products and services being produced? Great leaders seek input from the right people to build a complete, accurate picture. Step 2: Identify opportunities for improvement Some opportunities are apparent, while others require deeper exploration. And what are people thinking and feeling?
TETRA recently completed the drilling and sampling operations of an additional test well in the Evergreen Unit with very encouraging results. Investors are cautioned that mineral resources do not have demonstrated economic value and further exploration may not result in the estimation of a mineral reserve.
Article at a glance Grid-tied energy systems help balance seasonal variations in production. Home battery systems complement wintertime renewable energy production. Snow coverage on solar panels does not wholly halt energy production. Even cloudy days contribute to solar energy production through diffuse light.
They contribute to both cost savings and sustainability goals for businesses. The audits streamline operations and enhance productivity through better equipment and energy plans. This guide explores how these audits work, their benefits, and why they are vital for cost savings and sustainability.
Chevron Corporation, one of the worlds leading integrated energy companies, has announced the start of oil and natural gas production from the Ballymore subsea tieback project, located in the deepwater Gulf of America. This reduces our development costs and is expected to drive higher returns for shareholders.
The world has never achieved sustained energy infrastructure investment at the level the IEA assumes. Ford lost $60,000 per EV in 2024, forcing automakers to scale back production. Sustainable Aviation Fuels (SAFs) remain costly and unscalable. However, the real-world EV market is slowing down. and Europe.
You create energy on-site through various technologies instead of relying completely on the traditional grid. Local energy production offers businesses unprecedented control over their energy resources. Distributed generation can leverage both types but increasingly focuses on renewables for environmental sustainability.
One such transaction involves Scout Energy Management LLC , which has acquired multiple production facilities from ConocoPhillips in Pecos and Reeves counties, Texas. The Texas Commission on Environmental Quality (TCEQ) oversees these permits to ensure that production activities adhere to state and federal environmental regulations.
This leads to a bifurcated situation: what is the sustainability of current methodologies for disposal, and what are the infrastructures and processes in place to take a product once regarded as waste and turn it into an asset? Through normal drilling, completions, and production, the numbers are staggering.
Their solution combines advanced weather data and sophisticated algorithms to monitor and optimize solar energy production for small-scale producers. In this post, we explore how BDPV used AWS services to build a scalable, reliable, and cost-effective monitoring architecture. Production performance tracking Figure 3.
Both deposits have recent feasibility studies showing they will produce 100,000 oz of gold per year for over a decade–with lots of exploration upside to realize through that time. Once production financing is in place, it takes us to the 200,000 ounce a year production level200,000 low cost ounces a yearde-risked.
The company remains committed to capital efficiency and production optimization , with a focus on delivering value-driven growth while maintaining operational discipline. This improvement has allowed ConocoPhillips to maintain its low single-digit production growth target while reducing overall capital spending. power demand.
In this new paradigm, vertical AI solutions are transforming the energy industry by completely automating data workflows from end to end. They deliver precise, objective production forecasts across numerous well scenarios by analyzing more variables than humanly possible. Dont get left behind in the AI-driven energy revolution.
Without dependable electric services, integral parts of a company, such as communications, production, safety features, and employee amenities, become unavailable. To further explore the possibilities of energy procurement services, call Navigate Power at (888) 601-1789. What is Energy Procurement?
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