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They directed their capital to cheaper oil production, and favored U.S. The switch has improved oil output productivity at Imperial’s Kearl oil sands mine by 20% since 2023, the company said. At the time, they classified the Canadian operations as among their more expensive, and therefore less profitable, projects worldwide.
Top posted industry occupations for May included retail salespersons (355), heavy and tractor-trailer truck drivers (285), and maintenance and repair workers, general (284). The top posted job titles for May included maintenance technicians (118), retail cashiers (77), and sales associates (70).
Do you need to explore multiple design options? Eliminate isolated structures that don’t contribute to energy production. From a maintenance perspective, proper spacing speeds up repairs to keep your plant running smoothly. RatedPower lets you do exactly that: iterate your PV design until it meets your project’s goals.
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. They are effective for bulk separation but often leave fine mists and particulates.
Brent Crude $72.24 -0.37% Natural Gas $3.12 -0.57% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Australia's Cue Energy Posts Lower Production by Jov Onsat | Rigzone Staff | Wednesday, July 30, 2025 | 5:54 AM EST Cue Energy, which produces oil and gas in Australia, Indonesia and New Zealand, reported a quarterly output of 148,300 boe.
Today, let’s explore how natural gas dehydrators have transformed over the years, from their nascent stages to the sophisticated systems we see today. Glycol Contamination or Degradation : Over time, glycol can become contaminated with hydrocarbons, solids, or breakdown products, reducing its water absorption capacity.
This guide will explore the technological advancements and emerging trends that are shaping the future of fuel gas conditioning. More importantly, this technology enables predictive maintenance. This allows for maintenance to be scheduled proactively, preventing unexpected shutdowns and reducing costs.
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. In the dynamic and demanding world of natural gas processing, the pursuit of efficiency is relentless.
Skip to main content Productivity at the core: How COOs deliver strategy July 17, 2025 | Article Daniel Swan  Darryl Piasecki  Tony Gambell For the COOâs productivity mandate, the time to act is always. Since the 2008 global financial crisis, global productivity growth has largely declined around the world.
The nation is undertaking a massive North Field Expansion project that will boost its LNG production capacity from 77 million tonnes per annum (MTPA) to approximately 126 MTPA by 2027. And they function as innovation hubs where solutions to industry challenges can be explored, tested, and refined.
Image by Andrii Tokarchuk via iStock EnQuest PLC said it has completed the acquisition of Harbour Energy’s business in Vietnam, which holds a 53.125 percent equity interest in the Chim Sáo and Dua production fields (Block 12W). As of January 1, net 2P reserves and 2C resources across the fields totaled 7.5
The additional campaign reinforces the global technical solutions specialist’s successful delivery of core crane expertise such as crane mechanics and operators, as well as all planned maintenance, reactive and breakdown support, and project work both on and offshore. Already a member?
OPEC+ agreed on July 5 to raise production by 548,000 barrels per day in August, further accelerating output increases at its first meeting since oil prices jumped, then retreated, following Israeli and U.S. According to OPEC, Kazakhstan’s oil production rose by 64,000 bpd in June to 1.847 million bpd. attacks on Iran.
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. basis points in 2024.
This yearâs survey respondents continued to be tepid on the prospect of OEMs achieving their current-generation production goals. On average, 81 percent of those surveyed expressed zero to moderate confidence in the ability of airframers to hit their production targets for 2026 and 2027.
For me, tech has always been about enabling our business with a lens from customer experience and generating revenue while increasing productivity. In the past, that might have been about how to use emails to generate leads, and now itâs about how to use AI to identify next-product-to-buy options. The CCO set the priority for us.
Wildcat well 6406/11-2 S, the eighth in in production license (PL) 586, was drilled by the Deepsea Yantai rig in 310 m of water to 3,857 m TVD subsea. The secondary exploration target was to prove petroleum in Lower Jurassic reservoir rocks in the Tilje and Tofte formations (the Båt Group). The reservoir was about 145 m thick.
They will need to upskill the workforce, adapt the technology infrastructure, accelerate data productization, and deploy agent-specific governance mechanisms. Skip to main content Seizing the agentic AI advantage June 13, 2025 | Report A CEO playbook to solve the gen AI paradox and unlock scalable impact with AI agents. (28
July 21, 2025 | Article Talent excellence presents a new industrial imperative in today’s production ecosystem, and leaders need a fundamental mindset shift to meet it. When frontline production workers are saying that, companies can rest assured theyâre doing something right. Productivity growth is slowing across the globe.
AI-powered technologies are enabling companies to optimize operations, enhance oil and gas exploration, and prevent costly disruptions. From predictive maintenance to real-time data analytics, AI solutions are revolutionizing how oil and gas companies operate, analyze vast amounts of data, and reduce risk across the board.
(World Oil) –Murphy Oil Corporation today announced that a subsidiary has signed a Sales & Purchase Agreement (SPA) to acquire the BW Pioneer floating production storage and offloading vessel (FPSO) from BW Offshore.
(BOE Report) – Phillips 66 reported a bigger-than-expected loss in the first quarter on Friday, as lower refining margins amid a widespread maintenance and turnaround activity across the U.S. refining sector weighed on its performance. Phillips 66 said its realized refining margins fell to $6.81 a barrel a year earlier.
The acquisition further consolidates assets in core counties in the CBP defined by shallow declines, high margin production and undeveloped inventory that immediately competes for capital, and provide for near-term opportunities for field level synergies and cost savings. ABOUT RING ENERGY, INC. Ring Energy, Inc.
Olympus Energy has over 10 years of high-quality Marcellus inventory at maintenance activity levels, with an additional 7 years of upside from the Utica. The assets which EQT is buying are positioned adjacent to several proposed power generation projects, providing potential strategic value upside, the company said.
Natural Gas Liquids (NGLs) ethane, propane, butanes, and natural gasoline are essential to modern life, fueling industries and forming the building blocks for countless products. These tools enhance real-time control, enable predictive maintenance, and improve overall plant efficiency and safety.
Minister of Petroleum and Mineral Resources Karim Badawi attended the general assembly meeting of Egypt Gas Company to approve and discuss its fiscal year results for 2024, praising its past years achievements across Egypt. The post Egypt Gas Strengthens Regional Presence in 2024, Plans 15% Annual Growth first appeared on Egypt Oil & Gas.
Productivity acceleration assumes a status quo similar to late 2024, including tariffs of 50 percent on solar panels, 25 percent on batteries, and 100 percent on EVs entering the United Statesâand up to an additional 35 percent on EVs entering the European Unionâfrom China. It assumes an average tariff by the European Union of 47.7
Mineral lessees may be particularly concerned with whether recent production levels have maintained their leases beyond their primary terms. In Louisiana, as in most jurisdictions, production of oil or gas must be in “paying quantities” to maintain a mineral lease beyond its primary term. [1] Lea Exploration Co. , JLH Enters. ,
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.
Artificial intelligence (AI) is revolutionizing the solar industry by optimizing energy generation, improving storage solutions, and enhancing predictive maintenance. From increasing panel efficiency to forecasting energy production, AI-powered solutions are driving a more sustainable and cost-effective future.
We’ll explore how these advanced technologies can revolutionize your operations, driving down expenses and boosting efficiency. This translates to less downtime, which means uninterrupted production and lower maintenance expenses. Long-Term Maintenance Plans : Considering long-term maintenance costs and needs.
In this post we explore how this powerful solution delivers both operational excellence and sustainable business outcomes through intelligent energy management. It has open architecture and explainable AI as compared to traditional OEM products. It offers 0.5%
RUE grants are authorizations from BOEM to use a portion of the seabed not encompassed by the holder’s lease to construct, modify, or maintain platforms, artificial islands, facilities, installations, and other devices that support exploration, development, or production of oil and gas or other energy resources from another lease.
For 2025, we remain focussed on three principal objectives: maintenance of a strong balance sheet; resilient cash generation from the core business; and the addition of new assets. Production costs (17.6) (18.0) Production costs (17.6) (18.0) Genel Energy has announced its audited results for the year ended 31 December 2024.
Today, we’re exploring the critical role of the Vapor Recovery Unit (VRU) in achieving both emissions reduction and optimal operational efficiency. Rotary Screw Compressors : These are known for their continuous operation and relatively low maintenance requirements. They are ideal for applications with consistent vapor flow.
In the oil and gas industry, the process of separating water and other impurities from crude oil and natural gas is crucial for efficient and safe production. In this article, we will explore what free water knockouts are, how they work, and the different types and design considerations to keep in mind when implementing them.
Lets get into the mechanics of natural gas coolers, explore their benefits, and discuss why they’re a smart choice for eco-conscious consumers and businesses. Regular maintenance is essential to optimal performance and longevity. Lower maintenance costs also contribute to a favorable return on investment.
ExxonMobil Egypt has recently celebrated milestones achieved in 2024 during its annual lubricants and fuel conference, underscoring its commitment to sustainable growth and delivering high-quality products. Notably, ExxonMobil was granted exploration rights for several offshore blocks in the Nile Delta region.
They will create more than 3,500 highly skilled private sector jobs and manufacture a wide range of industrial products including pressure vessels, pipe coatings and fasteners. ADNOC announced the award of contracts valued at AED543mn (US$147.8mn) to nine of its suppliers for locally made industrial products to be used across its value chain.
We offer a comprehensive range of thread protectors and other oil-related products, all meeting the industry’s highest quality standards. DIC products have earned ISO and API certifications. Our commitment to customer satisfaction involves providing top-quality products and services.
On June 2, 2017 the Louisiana Second Circuit Court of Appeal affirmed a trial court’s judgment cancelling a mineral lease under Mineral Code article 140 and provided further clarity on a production in paying quantities analysis under Louisiana Mineral Code article 124. [1] Tauren Exploration, Inc. Tauren Exploration, Inc.
The Trans Energy settlement shows that exploration and production (E&P) companies need a rigorous compliance strategy for wetlands permit requirements. In addition, NWP-12 expressly authorizes the construction of access roads for the construction and maintenance of “utility lines,” with certain limitations. See 77 Fed.
Sahil Kochhar, head of Presales, Miros outlines the benefits of smart, data-driven solutions for effective jack-up operations For around 70 years, jack-up rigs have been at the forefront of offshore oil and gas exploration, acting as mainstays for drilling and production activities in most of the worlds hydrocarbon hotspots.
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