Exclusives

OPEC, non-OPEC, oil production, Stratas Advisors

The production cut deals are expected to mitigate the global oil supply glut to a certain degree. As a result, OPEC production in 2017 is expected to drop by 600,000 bbl/d.

Petrobras, Brazil oil and gas, Carmópois

The Brazilian state-owned company is working to increase the recovery factor at the Carmópolis oil field to 32%.

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The combined gas reserves in the Gulf Cooperation Council (GCC) is about 1,500 Tcf, but much of the reserve is associated gas and expensive to extract.

Survey: Canada Climate Change Policy Gives Oil Sales An Edge Globally

CAPP survey shows that global customers favor Canada oil because of country’s climate change policies.

BP Review: World Energy Consumption Wobbles For 3rd Straight Year

India and China are driving growth in energy consumption, BP report says.

Completion

Paradigm and Flotek subsurface AI systems help improve reservoir models.

Comstock Resources, rig, Haynesville, shale, drilling, fractures, oil, Louisiana

Monster fractures and M&A are boosting regional activity in the ArkLaTex.

Comstock Resources, rig, Haynesville, shale, drilling, fractures, oil, Louisiana

Monster fractures and M&A are boosting regional activity in the ArkLaTex.

sand, U.S. Silica, E&P, Permian, oil, proppant, demand, Bryan Shinn, Schlumberger, Todd Bush, Energent, Westwood

Armed with more efficient, less-costly ways to produce oil and gas, the ramp-up in U.S. shale activity is putting pressure on sand suppliers as E&Ps load more proppant in hopes of bigger payouts.

Hart Energy, DUG Bakken & Niobrara, shale, completion, proppant, Mark Pearson, Liberty Resources, Paul Favret, Kumar Ramurthy, Halliburton, Amanda Seholm, Baker Hughes

As prices and costs recover, a panel of experts at DUG Bakken & Niobrara said operators are continually scaling the completions learning curve.

Drilling

Drillers added 11 oil rigs in the week to June 23, bringing the total count up to 758, the most since April 2015, energy services firm Baker Hughes Inc. (NYSE: BHI) said in its closely followed report.

Drillers added eight oil rigs in the week to June 9, bringing the total count up to 741, the most since April 2015, energy services firm Baker Hughes Inc. (NYSE: BHI) said.

Drillers added 11 oil rigs in the week to June 2, bringing the total count up to 733, the most since April 2015, energy services firm Baker Hughes Inc. (NYSE: BHI) said.

Secrets contained in thumb-sized cores of reservoir rock are digitally revealed.

Check out the latest news highlights from around the world. 

Enhanced Oil Recovery

Norway wants oil companies to look into using specialized technology to pump more crude and natural gas, the country's petroleum regulator said June 15, potentially producing billions of extra barrels as well as tax revenues.

india_oil_review

The move has been widely seen as a step to enhance domestic production and to reduce dependence on imports of petroleum products.

artificial lift, EOR, Mexico, farm-out

EOR and artificial lift systems are needed to rejuvenate the Cardenas-Mora and Ogarrio fields.

CO2, Rick Perry, Greg Abbott, NRG, energy, Hilcorp, JX Nippon, carbon, EOR, capture, technology

The NRG Energy, JX Nippon and Hilcorp Energy project is capable of capturing more than 5,000 tons of CO2 per day, but the economics come down to oil prices.

The University of Wyoming said April 4 that $2.5 million in funding from Alchemy Sciences Inc. will support research on enhanced oil recovery and production.

Field Development

The development is estimated to cost about $5.78 billion. Statoil said it plans to invest about $135.73 million per year to operate the field, which is scheduled to come onstream in 2022 and operate for about 30 years.

The field, some 125 km (80 miles) east of the Shetland Islands, delivered its first oil on June 23 and is expected to produce 50,000 bbl/d at its peak, the company said in a statement June 26.

The plan includes using one FPSO unit, with a 400 MMscf/d capacity, for the two fields.

Libya's oil production has risen to 885,000 bbl/d after the state oil firm settled a dispute with Germany's Wintershall AG that had slashed production, a Libyan oil source told Reuters.

Exxon Mobil Corp. said June 16 it would proceed with the development of the Liza oil field, located offshore Guyana.