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Applied Computing’s flagship product - Orbital - has been built using multi-foundation AI powered by a new class of models built to optimise the physical world. Applied Computing sees opportunities across the sector's value chain from refining and petrochemicals to upstream and LNG, although its current focus is on downstream.
During June 2025, Keddington produced a total of 992 bbl of oil over 23 days of timed pumped production averaging 10.4 The newly installed equipment and facilities are working well and continue to be fine-tuned to optimise production. h/d with an average flow-rate of 43 bpd gross during the period. Already a member?
“Those savings would give operators the ability to reinvest in new energy production, helping drive domestic energy development while reducing the need for duplicative infrastructure”, the DOI said. billion in industry savings annually under the updated regulations.
“Drilling of ‘Ain Dar began in 1948, with production starting in 1951 at an extraordinary rate of 15,600 barrels per day (bpd) of ‘dry oil’- which contains only a small amount of basic sediments,” the story noted. Welligence is a market intelligence firm focused on the upstream oil and gas sector.
McMullen, commented, “With these two transactions, we grew Mach’s production by 88% and we will continue to look for consolidation opportunities given our conservative balance sheet.” First quarter 2025 average production was approximately 11 Mboe/d, of which 98% was liquids, 2% was natural gas.
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 Minister also affirmed that the Ministry’s investment stimulation measures have already restored the confidence of investors and halted the decline in production.
SLB will deploy its Sequestri™ carbon storage solutions portfolio – which includes technologies specifically engineered and qualified for the development of carbon storage sites – to construct six carbon storage wells. Please sign in or register for free. Already a member?
Riley Exploration Permian Inc. has strengthened its position in the Permian Basin with the strategic acquisition of Silverback Exploration II LLC, adding high-margin production and a deep inventory of undeveloped locations in the prolific Yeso Trend. Riley , CEO & Chairman Company Background (Pre-Acquisition as of Dec.
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. Please sign in or register for free. Already a member?
Upon delivery, the P-78 will be deployed in Brazil’s prolific Buzios field, the largest deepwater oil field globally, with an impressive production capacity of 180 000 bpd of oil, 7.2 Read the latest issue of Oilfield Technology magazine for upstream news, project stories, industry insight and technical articles. Petrobras).
Secondary targets productive in the immediate area include the Prue Sands, Red Fork and Base Pennsylvanian Sands. ” 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. Already a member?
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.
The presenting company lineup as of July 14, 2025, includes: Advantage Energy (TSX: AAV) Amplify Energy (NYSE: AMPY) Anschutz Exploration APA Corp. NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry.
It is the third exploration well drilled in production licence 891, which was awarded during the Awards in Predefined Areas (APA) in 2016. A successful formation test was completed, achieving a maximum production rate of 650 standard m 3 of oil per flow day through a 36/64 in. nozzle opening.
Every year billions of barrels of Produced Water (PW) are generated from oil and gas production around the world. Most of this water goes back into the producing formations via injection wells as part of IOR and EOR programs to get more production from ageing fields. However, the desalination of PW generates a heavy brine by-product.
The company will deliver a rigless intervention framework that enables Repsol Resources UK to optimise well construction, production, and intervention to maximise plug and abandonment (P&A) operations. Read the latest issue of Oilfield Technology magazine for upstream news, project stories, industry insight and technical articles.
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. Already a member?
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 final dataset brings substantial improvements in resolution and structural clarity, revealing previously unseen exploration targets and providing greater confidence in prospect understanding compared to vintage seismic data. This level of detail will support confident exploration and development decisions for years to come.”
“We are pleased with our success in today’s bidding round, securing a new exploration opportunity in Brazil – a core country in our international portfolio. Equinor will now work to conduct necessary geological and geophysical assessments for future exploration activities. Please sign in or register for free.
Its commercial Aurora power plant is engineered to produce 75 megawatts. uranium mining and production. The Mill also handles vanadium and is exploring medical isotope extraction for cancer treatment. NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry.
Including GVA from the manufacture of chemicals and chemical products, the manufacture of basic metals, and the estimated GVA in the cement and lime industry within the other nonmetallic mineral products sector in 2022 for Portugal and Spain. For example, the cement industry relies on the calcination process for cement production.
(NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry. They provide reserves reports and audits, acquisition and divestiture evaluations, simulation studies, exploration resources assessments, equity determinations, and management and advisory services.
The well is also designed to encounter three additional exploration horizons (Prince Creek, SMD-C and the Slope Fan System), none of which have any resource estimate attributed to them at the present time, but offer additional upside potential if successful. Already a member?
Now a common practice globally, MPD is advancing novel methods and technologies that will push drilling beyond the conventionally un-drillable — and into the next frontier of subsea exploration. Already a member? All rights reserved | Tel: +44 (0)1252 718 999 | Email: enquiries@oilfieldtechnology.com )
This latest agreement underscores EnerMech’s growing reputation as a trusted partner in offshore lifting operations and maintenance, reinforcing its long-term commitment to supporting safe and efficient production in the North Sea. Already a member?
upstream oil and gas sector, analytics firm Enverus said on Wednesday. Houston-based exploration and production company EOG Resources (NYSE: EOG ) bought Encino Acquisition Partners for $5.6 upstream volatility During the second quarter, U.S. crude futures hit a low of $57.13 on June 18, according to data from LSEG.
Read the latest issue of Oilfield Technology magazine for upstream news, project stories, industry insight and technical articles. These systems combine accurate, low latency personnel tracking with dynamic zones around active machinery, further advancing the region’s commitment to safer offshore operations. Already a member?
(World Oil) – Libyas oil and gas sector is set for a new era of growth and investment following the announcement of its first exploration bid round in 17 years. Momentum is already building across Libyas energy industry, with several upstream developments demonstrating the countrys renewed focus growth and investment.
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.
Two years ago, we set out to redefine upstream data quality by licensing proprietary datasets from leading operators and mineral investors. Since then, weve built the industrys highest-quality database, incorporating cutting-edge AI to enhance your understanding of spacing, landing zones , and future production with unprecedented precision.
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.
On the sidelines of CERAWeek 2025, Minister of Petroleum and Mineral Resources Karim Badawi held meetings with CEOs of international companies to discuss production and investments. The post Egypt, Global Energy Leaders Hold Talks on Field Development, Production, Investments at CERAWeek 2025 first appeared on Egypt Oil & Gas.
The presenting company lineup as of June 18, 2025, includes: Advantage Energy (TSX: AAV) Amplify Energy (NYSE: AMPY) Anschutz Exploration Armstrong Oil & Gas APA Corp. NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry.
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oil and gas sector has defied the odds for over a decadeunlocking shale, scaling production, and securing global energy influence. But that growth engine may be running out of steam. If we can increase production by just 20%, it would be the equivalent of Saudi Arabias current volume, she told the audience.
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
Lets explore why drilling time estimates are a persistent challengeand how DDRs help reduce the uncertainty. Optimistic assumptions: Planners frequently underestimate non-productive time (NPT) and overestimate rate of penetration (ROP), especially in complex wells. Heres how DDRs directly help improve drilling time estimates: 1.
The discovery comes amid BP's broader pivot away from rapid renewables expansion toward reinforcing its upstream oil and gas portfolio to meet investor expectations and improve financial performance. Gulf Remains Core to BP's Growth The Gulf of America remains a critical area for BPs upstream operations. in Q4 2024.
The growth in the historic period can be attributed to data explosion in the industry, operational efficiency improvement, automation of repetitive tasks, safety enhancement, optimization of exploration and drilling processes, enhanced reservoir management.” The goal is always to make humans more productive. What’s the context?”
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