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Malaysian state energy company Petronas said on Tuesday it expects to take one to two years to set up a planned joint venture with Italian energy group Eni on upstream…
What to expect: The macroeconomic signals driving mineral pricing, transactions and valuations Latest M&A trends and how upstream consolidation is impacting mineral assets Hold, sell or buy? Army engineering officer, Dunning has led capital deployment, A&D and strategy for mineral assets across North America.
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. Conducting research and participating in training to improve skills and knowledge in production engineering.
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. Let’s break down what’s changed, where the momentum is building, and what it means for the future of AI in upstream oil & gas.
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.
As the upstream oil and gas sector faces mounting pressure from rising costs and dwindling Tier 1 inventory, the need for smarter, faster and more efficient development strategies has never been greater. ¹ Here are four key ways AI is revolutionizing acreage strategy for upstream operators. Watch Now 2.
The company's CEO and co-founder Callum Adamson said this was not just language models his team was talking about but also time series, physics and chemical engineering models delivering explainable AI that can be trusted in real-world applications.
Logistics management in the oil and gas industry plays a critical role in ensuring safe, timely, and cost-effective movement of materials, equipment, and personnel across upstream, midstream, and downstream operations. Personnel Transport : Helicopters, crew boats, and ground transport.
upstream growth, driven by advantaged assets like the Permian Basin, is central to the companys long-term performance. The term advantaged is used repeatedly in the earnings release not as corporate jargon, but as a meaningful lens into ExxonMobils capital allocation and earnings engine. upstream earnings jumped to $1.87
in Mechanical Engineering from the University of Alberta and has held previously roles at Sanjel Corporation, Zodiac Exploration, and Pinnacle Technologies, specializing in hydraulic fracturing in unconventional reservoirs. Gatti earned a degree in mechanical engineering from the University of Alberta, Canada. Ron holds a B.Sc.
The seminar covers the basics: geology, petroleum engineering, differences between conventional and unconventional plays, the basics of shale and offshore drilling, the economics of oil and gas exploration and production, geologic storage of CO 2 , and reserves estimations.
The seminar covers the basics: geology, petroleum engineering, differences between conventional and unconventional plays, the basics of shale and offshore drilling, the economics of oil and gas exploration and production, geologic storage of CO 2 , and reserves estimations.
British oil and gas producer BP said on Friday that reported upstream production in the first quarter is expected to be lower compared to the previous quarter.BP
Two years ago, we set out to redefine upstream data quality by licensing proprietary datasets from leading operators and mineral investors. We hear it every day from engineers, analysts, and investors: the need for fast, actionable insights. In Insight Engine, filtering is easy and powerful. But we are not stopping there.
Aethon has agreed to purchase Tellurians upstream assets for (US) $260MM below street estimates, which ranged from $270MM to $500MM. Despite the market’s dislike of the purchase price, Tellurians upstream assets were in the middle of the pack. Source: Novi Insight Engine. Source: Novi Insight Engine. Mcf range.
It covers the basics: geology, petroleum engineering knowledge, differences between conventional and unconventional plays, the basics of shale and offshore drilling, the economics of oil and gas exploration and production, geologic storage of CO 2 , and reserves calculations.
Read the latest issue of Oilfield Technology magazine for upstream news, project stories, industry insight and technical articles. Please sign in or register for free. All rights reserved | Tel: +44 (0)1252 718 999 | Email: enquiries@oilfieldtechnology.com )
Read the latest issue of Oilfield Technology magazine for upstream news, project stories, industry insight and technical articles. All rights reserved | Tel: +44 (0)1252 718 999 | Email: enquiries@oilfieldtechnology.com )
(NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry. Today they are recognized as the worldwide leader of petroleum property analysis to industry and financial organizations, and government agencies.
Petroleum engineering is a critical field that blends creativity and technological competence in today’s energy-intensive environment. But what is petroleum engineering, and how will it influence the future? The post Petroleum Engineering: Key Concepts, Practices, and Careers appeared first on PetroSync Blog.
What It Means for the Future The Permian Basin is no longer just an engine of oil production—it’s becoming a permanent high-load demand center for the Texas grid. Grid reliability and power infrastructure investment are now central to upstream and midstream strategy. Breaking Down the 7.5
BP plans to explore for new oil fields in the Azeri Caspian Sea, BP's upstream chief Gordon Birrell told Reuters.BP is already working on stemming declining output
Libyas latest upstream licensing round has already attracted more than 40 applicants, a signal of the countrys re-entry into the global energy arena and growing
This new entity boasts a portfolio of high-quality Montney and Duvernay drilling locations, along with increased capital allocation flexibility from integrated upstream assets and infrastructure. Whitecap shareholders are getting exposure to Verens high-quality inventory at an attractive purchase price given Verens depressed equity value.
The collaboration exemplifies a trend among upstream and midstream companies aligning to streamline infrastructure, reduce emissions, and unlock production efficiencies. kg/h , and CO₂: 357 t/d All compressors are fitted with low-NOx engines or electric drives, reflecting a balance between power needs and environmental stewardship.
Service providers targeting upstream and midstream players in this area should align outreach efforts with Vaqueros ramp-up timeline into 2026. Business Development Takeaway Operators in Reeves, Loving, Winkler, and Ward Counties now have an expanded option for gathering and processing with downstream flexibility and reliable power access.
Discovering the fundamentals of scale formation and inhibition The Society of Petroleum Engineers' International Oilfield Scale Conference and Exhibition has become recognised as one of the world's leading gatherings for industry professionals and academics involved in the development, implementation and monitoring of controls applied to mitigate (..)
The Society of Petroleum Engineers' Oilfield Scale Symposium has become recognised as one of the world's leading gatherings for industry professionals and academics involved in the development, implementation and monitoring of controls applied to mitigate oilfield scale in upstream oil and gas production.
Read the latest issue of Oilfield Technology magazine for upstream news, project stories, industry insight and technical articles. Precise, DrillSync, DrillOps and Neuro are part of SLB’s comprehensive portfolio of digital drilling technologies and services.
(NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry. Today they are recognized as the worldwide leader of petroleum property analysis to industry and financial organizations and government agencies.
Momentum is already building across Libyas energy industry, with several upstream developments demonstrating the countrys renewed focus growth and investment. Engineering and construction activities for the Structure A platform are already underway, with offshore drilling set to begin in the first half of 2025.
“We look forward to engaging with Interior to leverage new technologies to support more efficient and responsible oil and natural gas production on federal lands”, the lobby group’s upstream policy vice president, Holly Hopkins, said in a statement.
Based in the Apeldoorn training centre in the Netherlands, Karst Venema, formerly of Dutch upstream company Nam, has become the Operations Manager for Well Academy EMEA. His remit extends to the Well Academy centre in Westhill, Aberdeenshire which offers well engineering courses as well as ModuSpec technical training.
The Permian Basin is the undisputed engine of American energy growth—and midstream operators like Targa Resources are racing to keep up. A recent Pipeline Addition (PA) approved by the Railroad Commission of Texas highlights just how aggressively Targa is scaling infrastructure to match soaring gas production.
About Mach Natural Resources LP Mach Natural Resources LP is an independent upstream oil and gas Company focused on the acquisition, development and production of oil, natural gas and NGL reserves in the Anadarko Basin region of Western Oklahoma, Southern Kansas and the panhandle of Texas. Please read the Company’s filings with the U.S.
Each of the new contracts has a three-year term under which Wood will support TotalEnergies to advance the Associated Gas Upstream Project (AGUP) , a key part of the GGIP project. Wood is already providing engineering design, detailed design, procurement support and construction and commissioning assistance for the first phase of the AGUP.
Embed Tags Embed article link: (copy the HTML code below): Derisking MPD operations This article has been tagged under the following: Upstream news Upstream drilling news Advertisement Advertisement Advertisement Advertisement × Close This content is available to registered readers of our magazine only.
Building on the successful completion of a transformative proof-of-concept phase, AIQ a Presight company announced a landmark $340 million contract with ADNOC to deploy ENERGYai and associated AI solutions across ADNOCs upstream value chain.
It will cover the oil and gas upstream, midstream, and downstream sectors, as well as energy transition industries, they said March 26. THREE60 Energy and COMS Energy have formed a strategic alliance to deliver industry-leading pre-commissioning and completions services for an initial three-year period.
Strategically located on Canada’s west coast and connected to PETRONAS’ upstream gas assets in Northeast B.C., will become the engine of a newly revitalized, more independent, and growing Canada”, British Columbia Premier David Eby said in comments for the facility’s start-up.
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