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Stratas Advisors outlined regional relationships’ link to energy production in a recent webinar, as the Trump administration marks its first month.
The company and partners have agreed to spend $3.75 billion for the development, which is set to begin production in 2019. Noble's share is $1.5 billion.
The company forecasts economic growth in developing countries to lead the way for energy consumption while oil and natural gas become the dominant resource by 2040.
Spending in the Eastern Mediterranean, including development costs for Leviathan offshore Israel, makes up more than 20% of Noble Energy’s 2017 capital program.
The North African nation hopes to regain pre-Arab Spring production levels, but challenges abound.
One pilot involves increasing the number of stages per well, while the other focuses on higher proppant loading.
Particle analysis and real-time tracking are just two of many areas where new technologies are driving innovation in proppant efficiency and well productivity.
One company’s ‘super-lateral’ approach is paying significant dividends.
Bakken E&P companies turn their sights on reducing drilled but uncompleted wells backlog.
The next generation of pressure pumping systems delivers a cleaner, quieter solution to hydraulically fractured wells.
The industry is coming back to life, with recovery reaching outside the prolific Permian Basin.
Less product results in greater depth than the competition.
Eco Atlantic also owns several licenses to drill offshore Namibia, one of which is also in partnership with Tullow, Reuters reported.
There are about 350 unsanctioned discoveries containing more than 3 billion barrels of oil equivalent remaining in the U.K. Continental Shelf. Most small pools are in close proximity to existing infrastructure.
Weatherford will contribute well construction expertise, managed pressure drilling solutions, directional drilling capabilities and drilling hardware, and associated software applications and engineering personnel.
The captured CO2 is expected to grow oil production at the West Ranch oil field by 5x its current amount over the next few years.
Operators have alternatives when it comes to EOR technology and one process appears less costly than others.
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.
As the company awaits market rebalancing, it is pursuing EOR technology and improving completion designs to enhance efficiency and production.
The discovery will be developed in two phases by using subsea templates tied back to the Skarv FPSO vessel. Current estimates are 6 billion crowns for the first phase and 4 billion crowns for the second phase, a company spokesman said.
Total plans to make a final investment decision on a $2 billion gas project in Iran by the summer, but the decision hinges on the renewal of U.S. sanctions waivers, CEO Patrick Pouyanne said earlier this month.
The partners, led by ConocoPhillips (NYSE: COP), plan to start initial engineering and design work in late 2017 and to reach a final investment decision in late 2018 or early 2019, Santos Managing Director Kevin Gallagher told analysts at a results briefing.
The operator said proceeds from Kerogen’s investment will finance the acquisition and key work streams to investment sanction, including FEED studies and the field development plan being prepared with TechnipFMC.
Iran’s oil minister has criticized French oil company Total for its decision to delay signing a contract to develop a gas field in southern Iran, saying that the reasons given by Total’s CEO were “unacceptable” to Tehran.