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(BOE Report) – Giant shovels, driverless trucks and a dog-like robot have all helped Canada’s oil sands companies including Imperial Oil and Suncor become some of North America’s lowest-cost oil producers, driving down overheads even as the worst inflation in a generation pushed U.S. shale costs up. tariff threats.
(World Oil) – Citing the latest Current Employment Statistics (CES) report from the U.S. This represented an increase of 600 jobs in the services sector and 1,600 jobs in oil and gas extraction. The top posted job titles for May included maintenance technicians (118), retail cashiers (77), and sales associates (70).
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.
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.
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.
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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). million barrels of oil equivalent (MMboe) and 4.9 MMboe, respectively, according to the release.
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In the Permian Basin, where natural gas is mostly a byproduct of oilproduction—and sometimes more of a nuisance than a product—the market price matters less than takeaway capacity. However, he added, actual production is even higher, as the 22 Bcf/d measures only what goes into pipelines. After peaking at $8.82
This agreement also involves an integrated suite of services, such as VAM Field Service and value-added digital solutions designed to optimise installation and maintenance practices. These services will ensure that ADNOC’s oil and gas fields operate with maximum efficiency. Please sign in or register for free.
TCS works with four of the top five Oil Field Services companies in the world. TCS service lines encompass a wide range of offerings including Consulting and Systems Integration, ERP, Cloud, Infra and Cyber Security Services, Application Support and Maintenance, Testing and Validation, and Digital Technologies. Already a member?
In a monthly report on Tuesday, the Organization of the Petroleum Exporting Countries left its forecasts for global oil demand growth unchanged in 2025 and 2026 after reductions in April, saying the economic outlook was robust. Oil prices have not significantly fallen despite the larger than expected OPEC+ hike and U.S.
million std cu m of oil equivalent (25-40 MMboe). 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. About the Author Email Alex Procyk Upstream Editor Alex Procyk is Upstream Editor at Oil & Gas Journal.
(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. Hambly, President and CEO of Murphy Oil.
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(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.
( Oil & Gas 360) –THE WOODLANDS, Texas, April 01, 2025 (GLOBE NEWSWIRE) — Ring Energy, Inc. is an oil and gas exploration, development, and production company with current operations focused on the development of its Permian Basin assets. ABOUT RING ENERGY, INC. Ring Energy, Inc.
(Oil Price) –Natural gas producer EQT Corporation has agreed to buy upstream and midstream assets of Olympus Energy for $1.8 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. Source: Yahoo News The total consideration of $1.8
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Dedicated Impex FZE is a provider of Drill Pipe Protectors and operates under the brand name DIC Oil Tools. 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.
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The post Egypt Gas Strengthens Regional Presence in 2024, Plans 15% Annual Growth first appeared on Egypt Oil & Gas. Egypt Gas Company has a clear footprint and an important role in implementing the six pillars of the ministry’s current strategy, said Badawi.
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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. Workbench to create KPIs, FMEAs, and use cases.
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.
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.
requiring the oil and gas company to pay $3 million in civil penalties and to spend approximately $13 million to restore 15 sites in West Virginia that had been developed without dredge and fill permits. Utility lines” are defined broadly enough to include oil and gas gathering lines. Trans Energy, Inc. , 14-117 (N.D.W.Va.),
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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.
Below, we break down Q1 2025 reports from Equinor , BP , Hess , and Northern Oil and Gas (NOG) , with a side-by-side comparison of production and net income, and a clear snapshot of how they stacked up against Q1 2024. Production and Operations Performance Oil and gas output was resilient, underpinned by high asset reliability.
These pillars focus on increasing production and expanding drilling and exploration activities to meet the domestic demand of petroleum products, optimizing the infrastructure and leveraging refining and petrochemical capacities to maximize value-added output, and utilizing Egypts strategic location to boost regional partnerships.
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.
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Petrobras is a publicly traded corporation operating in an integrated and specialized manner in the oil, natural gas, and energy industry. This accuracy is crucial for reducing exploration risk and optimizing production in the energy industry. Therefore, it has quickly become the algorithm of choice.
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Many oil and gas properties have (a) unconventional shale formations that may be exploited with horizontal wells and hydraulic fracturing and (b) conventional formations that may be exploited with traditional vertical wells. Lease Parties generally are interested in maximizing the number of wells drilled on their oil and gas properties.
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