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supermajor Chevron has expressed interest in oil and gas exploration in two additional offshore blocks south of the Greek island of Crete, Greeces Ministry of Energy and Environment said on Wednesday. The two new blocks now essentially double the total area for exploration to 47,000 sq km (18,147 square miles).
(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. This increase in production from existing fields underscores the countrys commitment to stabilizing and expanding its energy supply.
“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. Already a member?
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?
Production from the first well was delivered safely, on time and to budget. This marks the first of the next wave of subsea developments we are bringing on-stream to support production from our Norway business.” Maria Phase 2 is a four well subsea tie-back to existing infrastructure in Harbour’s operated Maria field.
Jesper de Jong, Sales Manager DMO, said: “At Draeger Marine & Offshore we are proud to have supported the Poseidon joint venture partners in this landmark project for the UK’s burgeoning CCS industry. Already a member?
These systems combine accurate, low latency personnel tracking with dynamic zones around active machinery, further advancing the region’s commitment to safer offshore operations. Read the latest issue of Oilfield Technology magazine for upstream news, project stories, industry insight and technical articles. Already a member?
Phase 3 involves the installation of two new subsea templates, tied back to existing infrastructure via new pipelines, and represents an important step toward the partnership’s ambition of reaching 75% recovery. Total investments are estimated at NOK 13 billion, with production expected to commence in the fourth quarter of 2027.
billion more than current government estimates. This additional production could add £165 billion in economic value, with a total of £385 billion if the UK meets half its oil and gas demand from domestic sources, supporting jobs, investment, and public services across the country. These resources include: 0.5
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. Already a member?
AOC), the intervention aims to safeguard production flow and well integrity for at least three years. Read the article online at: [link] You might also like Reusing produced water Friday 27 June 2025 12:00 Morris Hoagland explores the ways produced water can be reused in and outside the oilfield and the opportunities this creates.
Shell aumenta su participacin en la plataforma Ursa del 45.3884% al 61.3484%, dejando a BP Exploration & Production con el 22.6916% y a ECP GOM III con 15.96% Las subsidiarias de Shell: Offshore Inc. con el 22.6916% y a ECP GOM III, LLC con 15.96%. Tendr un Inters de regalas primordial del 3.5% (ORRI) en Ursa.
Benefits include Access to locked videos & articles Downloadable white papers Full website access Register for free » Get started now for absolutely FREE, no credit card required. Already a member? All rights reserved | Tel: +44 (0)1252 718 999 | Email: enquiries@oilfieldtechnology.com )
Read the article online at: [link] You might also like Reusing produced water Friday 27 June 2025 12:00 Morris Hoagland explores the ways produced water can be reused in and outside the oilfield and the opportunities this creates. Already a member? All rights reserved | Tel: +44 (0)1252 718 999 | Email: enquiries@oilfieldtechnology.com )
To meet the projects supply and delivery requirements, production will be carried out across Vallourec’s industrial sites in Brazil, China, and Indonesia. This order fully aligns with ADNOC’s ambitious target of reaching 5 million bpd of production by 2027. Already a member?
Viaro also plans to progress the nearby Blackadder exploration prospect, which is geologically analogous to Selene and well-positioned near existing Viaro infrastructure. If successful, Blackadder has the potential to add to near-term production and extend the life of surrounding host facilities. Already a member?
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. Please sign in or register for free. Already a member?
The project utilizes floating production deep draft caisson vessel (DDCV) technology, which has gained the world record for deepwater drilling and production depths, the company said. The DDCV floats vertically and is nearly 150 feet in diameter, incorporating both drilling and production facilities.
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. Halliburton will provide subsurface technology, drilling and completion services, and digital solutions for major new developments.
and previously led Shell Nigeria Exploration and Production Co. His five-year tenure coincided with a dramatic downturn in production, with Nigerias output of almost 2 million barrels per day dropping to almost half that amount as oil majors exited onshore wells plagued by persistent security issues.
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. If pressurised mud circulation is too heavy, the formation can crack, or if it’s too light, other issues can occur. Already a member?
Every year billions of barrels of Produced Water (PW) are generated from oil and gas production around the world. This is not a problem offshore where oil can be recovered from the PW so that it can be discharged overboard. This could force operators to stop production in previously profitable fields.
As part of the partnership, Rotork’s IQ3 Pro electric actuator with EtherNet/IP™ connectivity will be featured in Rockwell Automation’s Technology Partner product reference catalogue and system design tools. Already a member? All rights reserved | Tel: +44 (0)1252 718 999 | Email: enquiries@oilfieldtechnology.com )
Before natural gas can embark on its journey through pipelines and into homes and industries, it must be meticulously stripped of impurities, particularly liquids and solids. Reduced Efficiency: Liquids in the gas stream can lead to slugging in pipelines, reducing throughput and increasing pressure drop.
Let’s explore the journey of natural gas from its formation to its use as a reliable energy source. Offshore Drilling – Some natural gas deposits are found under the ocean floor, requiring specialized offshore drilling platforms. How Is Natural Gas Formed? How Do We Use Natural Gas?
Upstream Midstream Downstream are terms commonly used in the oil and gas industry to describe different stages of the production and distribution process. Downstream is the refining and processing phase, where crude oil is transformed into refined products and chemicals. This includes both onshore and offshore activities.
Join us as we delve deep into the world of field gas conditioners, exploring their functions, benefits, and the crucial role they play in the oil and gas value chain. This flexibility makes them invaluable in today’s diverse oil and gas production landscape. These surges, known as slugs, are a common challenge in gas production.
Record-breaking production and soft near-term demand continue to pressure prices, although strong LNG export demand offers longer-term support. natural gas production remained flat in 2024 Summary : In 2024, U.S. marketed natural gas production remained nearly flat at 113 Bcf/d, with Permian output rising 12% to 25.4
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.
Production increased by 460,000 boe/d, making Chevron a major player in international energy markets. It enhanced Conocos shale oil dominance, focusing on cost-efficient production and mature assets. Double Eagles Exploration of a Sale Value: Potentially $6.5 Double Eagles Exploration of a Sale Value: Potentially $6.5
This breakthrough technology, which manipulates the resident down-hole ecology, offers operators an easy-to-deploy advanced tertiary oil recovery resulting in increased production and the lowering of lifting costs. Over 340 successful applications onshore and offshore have been reported, with an overall success rate of 94%.
Pipeline vandalism, militant attacks on infrastructure, protests and lawsuits are among the issues that have plagued Nigerias oil industry for years. Recently, the Nigerian government demanded more than $60 billion in back royalties under a production sharing agreement with the supermajors operating in the country. How did this happen?
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.
Over the past two years, 2023 and 2024, production levels have soared, investment strategies have shifted, and new regulatory frameworks have emerged. How will new policies impact production and investment strategies? 2023 Production: ~6.0 2024 Production: 6.3 MMBbl/d production increase in 2024. MMBbl/d , a 0.3
By utilising high-resolution 3D seismic surveys and advanced processing algorithms, better potential hydrocarbon reservoirs and optimise drilling locations can be identified, reducing exploration risks and increasing success rates. In conclusion, the energy landscape is evolving rapidly, and Nestoil Group is at the forefront.
Carbon capture can use a variety of techniques to remove emissions from industrial and power production operations post-combustion. This process of utilization refers to the use of CO2 directly or as a feedstock in industrial or chemical processes, to produce valuable carbon-containing products, where CO2 can generate economic value.
Title I addresses the existing moratoria, future OCS access, exploration, production and royalty questions. per MMBtu, unless lease royalties were renegotiated with the Secretary , imposes Conservation of Resources Fee on nonproducing lease acreage of $3.75
The proposed regulations define “predecessor” as “a prior lessee or owner of operating rights, or a prior holder of a right-of-use and easement grant [RUE], or a pipeline right-of-way grant [ROW], that is liable for accrued obligations on that lease or grant.”
Natural Gas Liquids (NGLs), including ethane, propane, butanes, and natural gasoline, are vital to numerous aspects of modern life, serving as essential fuels and feedstocks for a vast array of products, from plastics to clean-burning energy sources. Let’s explore your tailored, cost-effective NGL separation solutions together!
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.
supplemental bonding) for OCS lessees and grant holders of pipeline rights-of-way (“ROW”) and rights-of-use and easement (“RUE”), while protecting U.S. The announcement provides, among other things, that the proposed rulemaking is in efforts to clarify, streamline and provide greater transparency to the financial assurance requirements (e.g.,
oil and gas production, with the former pledging continued expansion of domestic oil and gas drilling and production, and the latter pledging to transition the U.S. His America First Energy Plan is aimed, in part, at increasing fossil fuel production in the U.S. Due to the sharp increase in oil and gas production, the U.S.
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