offshore, oil, production, EIA, Saudi Arabia, Brazil, Mexico, US, Norway

Efforts from more than 50 countries pushed global offshore oil production to more than 27 million barrels per day in 2015, according to the EIA.

Combining real-time downhole intelligence, coiled tubing strength and flexibility, and continuous electrical power benefits fishing, milling, cleanouts, perforating and other operations.

Kazakstan, Kashagan, production, oil, gas, Caspian Sea

Costs for the development have swelled to about $50 billion as the industry copes with lower commodity prices, prompting concern among analysts about project partners’ capex recovery.

Chevron, Bangka, offshore, Indonesia, gas

Indonesia’s upstream sector, after a decade of production decline and several years of investor uncertainty, is finally upping its game.

Tight oil ‘have nots’ need a structural reduction on pre-FID costs to maintain their conventional portfolios.


EIA, DUC, well, drilled, well, uncompleted, oil, gas, Eagle Ford, Bakken, Marcellus, Wood Mackenzie

The latest data from the U.S. Energy Information Administration shows the number of drilled but uncompleted wells is falling.

When compared by vintage, both the Marcellus and the Utica have had improved overall EURs and IP rates since 2012.

An elevated amount of water used in the Eagle Ford could lead to logistical problems when oil prices increase.

DUG Eagle Ford, Chesapeake Energy, Sanchez Energy, shale, costs, oil, lateral

Longer laterals and debundling services are among the cost-saving and value-generating moves as E&Ps aim for higher returns amid lower commodity prices.

William D. Von Gonten Jr., W.D. Von Gonten & Co., DUG, Eagle Ford, shale, fracture, prop, completion, model

Better insight, including on calcite and ash bed layers, could lead to better frack designs, greater stimulation and ultimately, more production.


Exxon Mobil Corp. (NYSE: XOM) will start drilling its first exploratory well off the coast of Liberia in November, the world's largest publicly-traded oil company said on Oct. 18.

Coupling two different specialized drilling techniques can produce significant benefits.

The Kazakh Energy Ministry mistakenly announced earlier Sept. 29 that production had started. It withdrew the statement, saying initial output would begin in late September or early October, Reuters reported.

Canacol expects 2016 to have near-record EBITDAX of about $135 million.

Mubadala Petroleum, operator of the Manora oil development joint venture in the northern Gulf of Thailand, said Sept. 15 that drilling of the MNA-17 well is now completed, according to Tap Oil Ltd. 

Enhanced Oil Recovery

bio-EOR, EOR, technology, methane, microbial,  Transworld Technologies, Karl Weber, Activ8

Operators have alternatives when it comes to EOR technology and one process appears less costly than others.

nanosheet, nanofluid, oil, EOR, University of Houston

Researchers were able to achieve 15% tertiary oil recovery using a nanofluid of graphene-based amphiphilic nanosheets that are effective at low concentrations.

Thermal production is expected to take longer to restart than mining output because of steaming and heating processes involved and because some thermal projects remain inaccessible due to fire, Reuters said.

EOG Resources, EOR, Eagle Ford, Austin Chalk, shale, oil, price, drilling, completions

As the company awaits market rebalancing, it is pursuing EOR technology and improving completion designs to enhance efficiency and production.

Real-time monitoring of CO2 in EOR applications is made possible with K-waves.

Field Development

Production has stabilized at 5,600 barrels per day, the company said.

Kashagan will increase the country’s oil production and Energy Minister Kanat Bozumbayev reiterated that reducing oil output in line with OPEC plans was “not on the agenda” for Kazakhstan, Central Asia’s biggest crude exporter.

BP said the project off Australia's south coast, in which it is partnered by Norway's Statoil, would not be able to compete for capital investment with other opportunities in its global portfolio for the foreseeable future.

Originally slated for development in 2013, the project has been deferred due to low oil prices and moves to reduce construction costs.

Statoil, Johan Sverdrup, cost, Norway, North Sea

Evidence is increasingly emerging in Norway that its recent lean-and-mean approach is paying dividends, reducing previously prohibitive costs to economically viable levels.