Key technologies are revolutionizing the drilling environment.
Field development and exploration plans progress in South China Sea.
The OPEC meeting was split between those who backed an output cut to support prices, led by Venezuela, and those who didn’t, led by Saudi Arabia.
The Nov. 27 decision in Vienna propelled futures to the lowest since 2010, a level that means some shale projects may lose money.
The focus comes as oil and gas operators venture into new frontiers and go deeper into mature ones.
The New York state Health Department said fracking for natural gas can’t be done safely, dooming prospects that Governor Andrew Cuomo will allow the extraction process after a six-year-moratorium.
Experts talk about the sector’s past, present and future.
The largest problem facing hydraulic stimulation in Australia is Earth stresses—a rarely regarded problem.
Operators in North American shale plays are using more than 5 MMlbs of frack sand per well.
Pétrolia has resumed drilling at the Haldimand 4 site, located in the wooded area near Sandy Beach in Canada, according to a news release.
CNOOC Ltd. announced that the Golden Eagle Area Development (GEAD) in the U.K. North Sea commenced production.
The company may spend several billion dollars over this decade on an effort it’s calling Project 20K.
The company plans includes drilling 650 development wells in the Raniganj East Block.
Coreflooding measures the effectiveness of water or gas injected into an oil-bearing rock sample to displace oil. This can be used to assess the potential for water flooding in an oil field, BP said in a news release.
The NRG Energy and JX Nippon Oil & Gas project aims to turn waste into revenue using technology.
Better chemical formulations and lower cost, advances in laboratory analysis and higher oil prices are making chemical EOR more economically viable.
NRG has started construction on a $1 billion coal plant retrofit for the project.
Providing close to 80 MMboe, the development will extend the lifetime of the Gullfaks A platform. The plan for development and operation (PDO) was submitted to the authorities Dec. 16, Statoil said in the release.
Installation work to connect three wells to the existing production facilities have been completed in Shaikan Block in the Kurdistan region of Iraq, according to a news release.
Husky Energy has commenced steam operations at the in situ Sunrise Energy Project in northeast Alberta.
Origin Energy’s Speculant-1 exploration well has discovered potentially commercial quantities of gas in Waarre Formation reservoirs in Australia’s Otway Basin, offshore Victoria within the Origin-operated VIC/L1(v) permit.
Senex Energy Ltd. has started production from the recently discovered Martlet oil field in the Western flank of the Cooper Basin.