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When people think of the origins of the oil industry, their minds often go to Titusville, Pennsylvania, where Edwin Drake drilled the first successful oil well in the United States in 1859. While this site is historically significant, it is not the true birthplace of the oil well.
(World Oil) – Baker Hughes will provide Equinor plug and abandonment (P&A) services in the Oseberg East field on Norway’s continental shelf. Planning for Oseberg East is now underway, and the execution is scheduled to begin in 2026.
For the past 30 years, EnerCom Denver has been the largest independent investor conference for the global oil and gas and broadening energy industry that is open to all energy companies, investors, and professionals to participate. Gatti earned a degree in mechanical engineering from the University of Alberta, Canada. Ron holds a B.Sc.
(World Oil) – Namibia will offer financial incentives to help kick-start the development of oilfields managed by a group led by TotalEnergies, according to a special adviser in the presidency. But the explorers have also hit dry wells, prompting them to write off drilling costs as they learned more about the fields.
The Mako gas price will be linked to the Indonesian Crude Price (ICP), an oil price index similar to Brent. The agreement is expected to support the pending farm-out arrangements in the Duyung PSC and a final investment decision for the Mako field, Conrad said.
Image by JHVEPhoto via iStock Baker Hughes Company was selected by Equinor ASA to provide plug and abandonment services in the Oseberg East field on Norway’s continental shelf. MORE FROM THIS AUTHOR Paul Anderson Writer OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! All comments are subject to editorial review.
It also provides a safer construction environment compared to the unpredictable conditions of a remote field location. From there, we create detailed mechanical and electrical designs for a system that is not only thermally efficient but also operator-friendly and easy to maintain.
In the world of oil and gas drilling , few components are as essential and as often overlooked as the drill pipe. Functioning within the drill string, it helps channel drilling fluid & convey the mechanical energy needed for bit rotation & penetration. What Is Drill Pipe?
10 âCO 2 storage projects in Europe,â International Association of Oil and Gas Producers, March 2024. This mature technology has a long operational history in the oil and gas industry and is the most commonly used option for short to medium distances. In addition, most of Europeâs depleted oil and gas fields are located at sea.
In this scenario, we have a variety of electric motors in the field, sending sensor readings. Sensor data arrives in JSON format, including a motor ID field. If it detects an anomaly, then the agent generates a summary and invokes a notification action from the defined action groups to send a notification to field operation teams.
Regardless of the exact status of environmental regulations, the oil and gas industry is working toward getting cleaner. And the fact that new Permian wells may be producing higher water-to-oil ratios is also not a problem. And in some cases, they’re turning trash into treasure, as with extracting minerals from produced water.
Each approach employed ensemble-based decision trees enhanced with causal-inference mechanisms designed to appropriately attribute production impacts to specific engineering and geological variables.
Image by Adele Heidenreich via iStock Namibia will offer financial incentives to help kick-start the development of oilfields managed by a group led by TotalEnergies SE, according to a special adviser in the presidency. OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! There’s a reason 700K+ energy professionals have subscribed.
(World Oil) – Kazakhstan is considering its options for complying with the countrys OPEC+ obligations to cut production, after Saudi Arabia doubled down on its efforts to bring quota-cheats in line over the weekend. Central Asias largest oil producer is considering all possible options for meeting its commitments.
(World Oil) – GeoPark Limited, an independent oil and gas company with over 20 years of successful operations across Latin America, announces the appointment of Felipe Bayon as its new Chief Executive Officer and a member of the Board of Directors, effective June 1, 2025. in partnership with Oxy a project that grew from 0 to ca.
A large workshop was held at the headquarters of Eni company in Milan, Italy, with the attendance of significant oil and gas leaders from Egypt. The workshop discussed the future of the Zohr field project and production sustainability, with a focus on the third phase of the project.
Heres the audio recap AI-in-Oil-Gas_-Generic-vs Let’s talk about something costing operators millions: the choice between generic AI and purpose-built AI solutions for oil & gas. Why Generic AI Falls Short in the Oil & Gas Industry Let’s understand why generic AI struggles to solve oil and gas problems.
If detailed data were includedsuch as depth, torque, ROP, mud properties, and pressure parametersit would be easier to assess whether additional time taken was due to mechanical issues, formation changes, or inefficiencies in operations. Data Accuracy and Input Consistency Field personnel often enter DDR data inconsistently.
Minister of Oil, Hayan Abdul Ghani, met with Iranian Minister of Oil, Mr. Mohsen Bakhtiar, on Monday to discuss strengthening bilateral cooperation between Iraq and Iran. Minister Abdul Ghani highlighted Iraq's promising gas investment projects and its ongoing efforts to achieve self-sufficiency in oil derivatives. By John Lee.
Addressing the trading environment, he said that the government had not responded to the consultation about environmental guidance that closed in early January and that licensing and the future tax price mechanism were also uncertain. The reality is the UK needs oil and gas and renewables, he said.
Located around 65 km northwest of Abu Dhabi, Lower Zakum Field is one of ADNOCs most significant offshore assets as it seeks to meet its production target of 5mn bpd by 2027. Wood will develop crude oil stabilisation mechanisms at Das Island, which will support the sustainable production of oil at the site until 2035.
Fouad revealed that the Waste Management Regulatory Agency will soon present a business model for using biofuel production inputs from used cooking oils, agricultural waste, and other sources. It is greatly contributing to supporting local and international high-quality production. This would guarantee high performance and sustainability.
The Al Shaheen oilfield is a production field off the north-east coast of Qatar, 80 km north of the capital, Doha. The field is operated by North Oil Company, a joint venture between QatarEnergy (70%) and TotalEnergies (30%).
Warning This article and series is specifically targeted for anyone involved or interested in oil and gas reserves reporting guidelines, methods, issues, calculations and pitfalls. Is it correct to book an average completion length of 7500 if the average to date has been 6800 due to some partial mechanical failures?Use
In oil & gas operations, drilling time estimates are more than just planning toolstheyre the foundation for budgeting, rig scheduling, and investor expectations. Mechanical downtime, bit trips, and inefficient operations can create wide swings in drilling time. Variability in rig performance: Not all rigsor crewsperform equally.
(Oil & Gas 360) –MIDLAND, Texas, June 03, 2025 (GLOBE NEWSWIRE) — Viper Energy, Inc. Mineral interests offer the highest form of security and upside in the oilfield, and any and all benefits an operator manages to unlock accrues directly to the mineral holder without any capital risk, forever.
And so enters a great wrinkle in the produced water industry that has some to mirror oil refining: water cleaned/refined just enough for its relative use. In speaking with Tim Brown, Senior Mechanical Engineer at Natura Resources, I learned how dispatchable low carbon electricity production is perfectly suited towards nuclear.
Introduction Oil and Gas companies operate in a complex global environment that requires them to balance energy demand with a lower carbon footprint. GHG reporting for an Oil and Gas company involves collecting data from a wide range of systems, calculating emissions, and reviewing emission data before submitting them to the EPA.
In the intricacies of oil and gas processing, efficiently separating gas from liquids is paramount. Enter the gas separator a vital piece of equipment designed to effectively separate gas from oil, water, and other impurities. Read on to unlock the complexities of these essential processing units.
Approximately 4,500 SRTs and 100 Gateways serving over 900 apartments have been deployed in the field. Due to the conflict between the required long battery life (six years under normal use) and the energy consumption of firmware updates over the air, this leads to various firmware versions being deployed in the field over time.
Alleging that the lack of an exhaust mechanism made the vessel unseaworthy, the plaintiff sued the vessel owner for unseaworthiness, seeking punitive damages among other remedies. The defendant vessel owner moved to strike the plaintiff’s punitive damages claim, which the district court denied.
ATHOS I had its genesis in a 2004 vessel allision and oil spill on the Delaware River between New Jersey and Pennsylvania. The ATHOS I was contracted to deliver crude oil from Venezuela to a syndicate of CITGO interests, collectively referred to as “CARCO.” Delivery was to occur at CARCO’s marine terminal in Paulsboro, New Jersey.
Subscribe now The oil industry, just like any other extractive industry, is capital intensive with its costs mostly being sunk cost, while the operating cost is relatively small. During a period of an economic downturn and very low oil prices, producers focus on the operating cost. They continue to produce despite the hefty losses.
A mechanical bang startled an on-site worker enough to shut down the flow of oil within about two minutes. The crude spill, now confined to a field, hasnt yet been quantified, but emergency crews are on the scene. The pipeline remains shut. The cause and volume are not yet known.
The Federal Ministry of Oil has confirmed the completion of procedures for resuming the export of oil produced in the Kurdistan Region through Ceyhan Port (pictured), in accordance with the mechanisms outlined in the Budget Law and its amendments and within Iraq's OPEC production quota. By John Lee.
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