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Savannah Energy announces the completion of the acquisition of 100% of Sinopec International Petroleum Exploration and Production Company Nigeria Limited SIPEC, following a signing ceremony held in Lagos earlier this … Read More The post NIGERIA: Savannah Energy Completes Acquisition of SIPEC appeared first on oilnewsafrica.
Allison Transmission has partnered with Cummins to test and validate the new Cummins X15N 15-liter natural gas engine paired with the Allison 4000 Series fully automatic transmission.
In collaboration with the NOC, TotalEnergies has achieved a 20% increase in production at the Waha field; Repsol plans to drill nine new prospects in 2025; while Eni is planning four exploration wells in 2025. Advancing gas monetization Amid a surge in gas monetization, Africa has emerged as a major LNG producer.
Agiba Petroleum, together with its shareholders, has successfully completed the fast-track development of the Iris Field, a major hydrocarbon asset in the Egyptian Western Desert. The discovery made in the Masajid Formation, a Late Cretaceous carbonate reservoir, marks a significant milestone in Agibas near-field exploration strategy.
According to an Oil Ministry statement, technical and engineering teams continue to work efficiently to achieve high completion rates, in line with Ministry of Oil directives to expand production and strengthen infrastructure in Iraq's oil fields. By John Lee.
The Iraqi Drilling Company (IDC) has successfully drilled and rehabilitated three oil wells in the Zubair oilfield , as part of its commitment to field development and national production enhancement. Source: Ministry of Oil) The post IDC Completes Three Wells in Zubair Oilfield first appeared on Iraq Business News.
McDermott has completed the engineering, procurement, construction, installation, and commissioning (EPCIC) activities in the Gulf of Mexico to begin oil production at Shell’s Whale development. The post McDermott Completes EPCIC at Shells Whale Development Project, to Begin Oil Production first appeared on Egypt Oil & Gas.
Trillion Energy International Inc has continued the velocity string tubing program on two tripods after previously completing operations on the Akcakoca platform in late November.
Iraq's Minister of Oil, Hayan Abdul Ghani, highlighted the government's commitment to gas investment as a key driver for economic and industrial development at the Iraq Britain Business Council (IBBC) Baghdad Conference on Monday. On renewable energy, Iraq has secured commitments for 8,000 MW of solar power at oil field sites.
Funded entirely by Pennsylvanias impact tax on natural gas development, the Commonwealth Financing Authority (CFA) is awarding $16 million in grants to fund 148 new projects across the state, Governor Josh Shapiro recently announced. Since 2012, impact fees have provided more than $2.7 Struzzi said.
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.
Key decisions included: Completion of a gas transmission line from Basra's power plants to a floating platform. Approval of a new 40km gas pipeline from Al-Mahmoudiya to Bismayah to ensure full-capacity operation of the Bismayah power plant. Artawi [Ratawi] gas complex (Phase II). Fifth and sixth licensing rounds.
The Jar Intensifier is perhaps one of the most outstanding devices designed to help fishermen successfully complete difficult fishing jobs in the oil and gasfield. Read more The post Jar Intensifier appeared first on Drilling Manual.
They also wouldn’t require rest stops in the way that people do, allowing them to complete work faster and spend less time on the road. These driverless cars also tend to be completely electric in their operation. Public transport is also a field that is regularly making significant improvements regarding its environmental impact.
Chesapeake Exploration Limited Partnership , XOG sought an interpretation of the retained acreage clause contained in an assignment to Chesapeake of XOG’s lease interests in four oil and gas leases collectively covering 1,625 acres. [s]aid There were no field rules or special orders applicable to the Stiles Ranch Field.
that a lease’s retained acreage clause invoked the Texas Railroad Commission’s field spacing rule as well as the statewide drilling unit rule, Rule 38, which operated to reduce the acreage the lessee was permitted to retain under the lease from 640 acres per well to 40 acres per well. Vaquillas Unproven Minerals, Ltd.
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.
DNO ASA , the Norwegian oil and gas operator, today reported 2024 revenues of USD 667 million on the back of what it described as " stellar production " in the Kurdistan region of Iraq. Tawke field: 27,864 bopd (-6% from Q3). Peshkabir field: 46,279 bopd (-15% from Q3). Operational Overview Well testing program completed in Q4.
The Department of Revenue targeted dozens of producers, including many smaller producers, with audits and assessments attempting to impose severance taxes on market center or index prices rather than the value of the crude oil in the field. The decision by the Board of Tax Appeals completely rejected the Department’s arguments.
The IEA assumes that Gulf nations will rapidly phase out oil in electricity generation, replacing it with renewables and natural gas. Renewable projects in the region are progressing slowly, and natural gas infrastructure is not expanding fast enough to replace oil in electricity production. Reality Check: U.S.
When you get to field aliases and domain or subtype descriptions, the process gets even more complicated. pbix) to use as a template complete with the Power Query formulas you need to connect. Out Fields a comma-separated list of the field names you want to display in your table. Download the zipped Power BI report (.pbix)
Hunting will pay a 15% royalty to the sellers on revenue earned for a period of 15 years, post-completion. It also lowers the water cut during end-of-life production, lowers hydrogen sulphide levels in production offtake and extends the life and increases the economic returns of a producing field.
The Marjan and Berri increments are expected to be onstream in 2025, with the Zuluf field increment scheduled to follow in 2026 and the second phase of Dammam in 2027. Phase One of its Jafurah unconventional gasfield development remains on schedule for 2025, with contracts awarded for Phase Two.
Upstream Midstream Downstream are terms commonly used in the oil and gas industry to describe different stages of the production and distribution process. Each sector has distinct activities and focuses on specific aspects of the overall oil and gas supply chain. What is oil and gas upstream midstream downstream?
Quietly, smartphone apps and the ability of accounting software to mine and analyze data from field monitoring systems have replaced paper forms, lost tickets and intermittent readings with smooth dataflow, real-time data, and real efficiencies. Nonetheless, it looks radically different than it did 10, even five years ago.
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. Thus, the requirements are like the downdip limit in order to estimate that the updip volume also contains oil, rather than an associated gas cap.
But after that comes completions, including coiled tubing, cementing, and all thats entailed in those procedures. Nick Pottmeyer Nine Energy Service handles many completion procedures. Nick Pottmeyer is President of Completion Tools Operations for the company, and Joe Huwel is President of Cementing and Coiled Tubing.
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 mile, to 1.5
So w hat to do when your client says “but I really want a Canadian-style, non-field erected, engineered, shop-built 2,500 Bbl tank”? This had never been done in Kuwait with tanks of this size, so everyone was quite excited to complete this project. The shipping costs tend to exceed fabrication costs.
In part 2 , we created a data-driven model using 11,176 wells from the Delaware Basin and features representing geology, completion intensity, spacing, and timing. In part 3 , we discussed how to make a de-biased model that identifies sub-trends which make physical sense in response to spacing and timing changes.
This brings up the question of whether machine learning based approaches are valid in areas that do not have thousands of historical wells to learn from in similar rock and with a variety of spacing and completion examples. Figure 1: Northwest Shelf horizontal wells with modern completion designs.
The case called upon the court to determine whether a contract for performance of specialty services to facilitate the drilling or production of oil and gas on navigable waters is maritime in nature. In a highly anticipated ruling, the United States Fifth Circuit Court of Appeals issued its en banc decision in In re: Larry Doiron, Inc. ,
At trial, the mineral servitude owner testified that in 2005, the Cotton Valley drilling activity was ramping up and other operators near the servitude successfully drilled gas wells. He also testified that the amount of production and gas prices at the time provided an incentive to keep the mineral servitude alive. 1] 53,252 (La.
In these cases, practitioners turn to a field called causal inference to estimate what an RCT would have revealed if it was possible to conduct one. Relying on quantiles is ineffective for non-uniform distributions, as we often see in well spacing and completion designs. But now we are back in the same situation we had before.
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. The SEC treats a horizontal DUC (drilled but uncompleted well) as a PUD, mainly since a majority (over 50%) of the capital remains for completion and hookup.
Offshore oil fields represent a substantial portion of the worlds total crude oil output. The oil and gas industry takes its health and safety seriously so it has developed the Basic Offshore Safety Induction and Emergency Training Course, or BOSIET , which you would need to complete before you board the helicopter to the platform.
This can take the form of contract discounts or more practically it could mean requiring less charged-for backup equipment in the field. This can be as simple as removing unnecessary content or duplication or completely restructuring planning documents. The campaign saved a little on materials, logistical costs and storage.
Fossil”), with whom Tauren contracted to conduct operations on the property, drilled and completed wells on the leased property in Sections 9, 10, and 16. [5] 24] Defendants’ expert testified that the property was outside the core Haynesville Field and, therefore, less valuable. [25] 4] In 2007, Fossil Operating, Inc.
The ATHOS I successfully completed the 1,900 mile journey from Venezuela to Paulsboro, but its hull was pierced by a submerged anchor within 900 meters of its intended berth. Liskow & Lewis is committed to remaining at the forefront of developments in all areas of maritime and oil and gas law and is a recognized leader in this field.
oil and gas industry is experiencing one of its most transformative periods. oil & gas basins , the leading companies , and market trends using the latest data and forecasts. In 2024, Ecopetrol invested $880 million into drilling new wells, with 91 wells planned for completion in 2025. Natural Gas Production: 25.8
(Oil & Gas 360) Publisher’s Note: Whitecap Resources will be presenting at the 30th Anniversary EnerCom Denver-The Energy Investment Conference at the Westin Denver Downtown on August 17-20, 2025. We look forward to bringing Whitecap and Veren together and providing increased value to both sets of shareholders well into the future.”
Canada-based oil and gas company Valeura Energy has completed an infill drilling campaign at the Manora field, offshore Gulf of Thailand.Manora field is located in license G1/48
The sudden steep increase in energy prices surprised us all and heightened our awareness that Europe is too dependent on fossil fuels such as oil and gas. So far, so good; however, what I didnt foresee was the ridiculously steep increase in gas prices. Home energy consumption had been on my radar for a while. Let me explain why.
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