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(World Oil) – Africas national oil companies (NOC) are moving beyond operating as state-representatives by transforming themselves into competitive upstream players. Boosting production Major oil producers in Africa are striving to boost production and NOC-IOC collaboration is at the forefront.
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.
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. “Our relationship with Shell is one marked by trust, a focus on operational excellence, and solution-oriented project delivery.
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 oilfields.
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.
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.
Al-Sudani chaired a meeting on Sunday to assess summer electricity supply plans and the progress of oil sector projects. Key decisions included: Completion of a gas transmission line from Basra's power plants to a floating platform. Assessment of fuel oil supply, storage, and import logistics. Fifth and sixth licensing rounds.
The debate over the future of oil has never been more heated. Mills, Executive Director of the National Center for Energy Analytics, and Neil Atkinson, Special Advisor , the IEAs peak oil demand forecast is deeply flawed. According to Mark P. What This Means: The IEA wrongly assumes economies will decouple from fossil fuels.
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.
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 oilfield sites.
The Jar Intensifier is perhaps one of the most outstanding devices designed to help fishermen successfully complete difficult fishing jobs in the oil and gas field. Read more The post Jar Intensifier appeared first on Drilling Manual.
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.
Huntings recent announcement of the acquisition of the Organic Oil Recovery (OOR) enhanced oil recovery technology from its founding shareholders, for US$17.5mn, also has the potential to boost this expansion, as it will allow the company to accelerate commercialisation across North America and the rest of the world.
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.
Working on an offshore oil rig or platform is a unique experience Note: In this article, we’ll use the word ‘rig’ and ‘platform’ almost interchangeably, but a rig does the drilling, and a platform does the pumping. Offshore oilfields represent a substantial portion of the worlds total crude oil output.
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.
In a decision by the Louisiana Board of Tax Appeals, Liskow & Lewis attorneys Robert Angelico , Jim Exnicios , Cheryl Kornick , RJ Marse , and Jeff Birdsong obtained a ruling rejecting attempts by the Louisiana Department of Revenue to increase the amount of severance taxes due on crude oil produced in Louisiana.
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.
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?
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)
The back office is usually just that in the oil industryback behind the scenes. 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.
These mats ensure that the underground tree roots are not damaged in mining operations or while preparing an oil rig inside a forest. They carry heavy machineries to the spot via wet grounds, marshlands or green fields. Tree roots supply the area’s forests with nutrients and essential moisture. Stops Soil Erosion.
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 gas field development remains on schedule for 2025, with contracts awarded for Phase Two.
But after that comes completions, including coiled tubing, cementing, and all thats entailed in those procedures. They also must increase the length and power of their tools to help make the oil flow. Nick Pottmeyer Nine Energy Service handles many completion procedures. Nine Energy Service handles many completion procedures.
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
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. Figure 5: Forecasted 2-Year cumulative oil production for different spacing scenarios on the Delaware Test Pad location.
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 its not the only way to do this.
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.
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.
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. Gulf Oil Corp. , 16-30217 (5th Cir. 8, 2018). 2d 313 (5th Cir. 2) what work did the crew assigned under the work order actually do?
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.
While the long-term fallout from the recent decline in oil prices and the COVID-19 pandemic remains unclear, it is clear that drilling activity has already started to decline. He pointed to owners having a cement truck waiting to fill the well as soon as drilling was completed as objective evidence of such an intent. 1] 53,252 (La.
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.
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.
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.
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. We analyze major U.S.
(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. Refer to Barrel of Oil Equivalency and Production & Product Type Information in this press release for additional disclosure.
The court further held that the carrier may protect its interest in unpaid freight against the cargo in rem , and weighed in on several other issues pertinent to the maritime field. Yacht Path), a broker specializing in transportation of large watercraft, who completed the chain by contracting with Industrial Maritime Carriers, L.L.C.
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
This big, blue-blood gold asset was almost completely forgotten by the marketleaving lots of leverage. Goldshore has spent over $65 million on the deposit with 235,000 total meters of drilling completed by all owners to make this a BIG gold asset. billion acquisition of Osisko Mining , which sold for a 55% premium.
The complete solution also includes LoRaWAN Gateways, backend software components including a digital twin solution, as well as mobile apps for both residents and professional users (used during the installation process of the Gateways and SRTs). It is comprised of intuitive handling, a robust design, and up to six years of battery runtime.
As if crude producers and midstream transportation companies don’t already have enough problems trying to get crude oil from production fields to refineries thanks to inadequate pipeline infrastructure, tank car supply, rail safety concerns, and new regulations, they now also have to address a new, potentially market-busting lawsuit.
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