The Santos-operated GLNG project is set to be the second project to commercialize CSG to LNG in Queensland, behind the BG Group-led QCLNG project.
The country’s oil and gas sector development also hinges on the capacity to lure capital and technology from foreign companies, according to a report.
Some companies are offering employees flex leave to stay connected during downtime, experts say.
Korean vessel makers are racking up debt and could show billions of dollars in losses when they report earnings.
Commodity price uncertainty aside, issues raised after Mexico’s Round 1 Phase 1 can be addressed to move the country toward its goal of growing production and strengthening its economy.
Refracking has been met with enthusiasm—especially when it works—and skepticism, but in order to move forward, the industry needs a large-scale refracking program and more investment IHS says.
Understanding drainage volume and improved permeability of stimulated rock is essential to forecasting production, according to MicroSeismic Inc.
This latest patented invention relates to fluid treatment and, more particularly, to an improved treatment apparatus for destroying aerobic and anaerobic bacteria in fluids used in oil and gas recovery and conditioning of said fluid for reuse, Ecosphere said in the release.
A process called forward-osmosis is applied to clean water used in hydraulic fracturing.
The contract covers the procurement and installation of a 3.2-km flexible flowline between the existing KAKG-A central processing platform in Kanowit Field to the PFLNG1 riser, according to the release. It also includes modification and tie-in works at KAKG-A.
KBR's scope includes onsite construction management and direct hire field construction services at the Fort Hills Secondary Extraction facility, a news release said.
Acquisition over a total area of 30,000 sq km will commence in mid-August 2015 and is scheduled to last up to two months, CGG said in a news release.
For about US$523 million, Maersk Drilling extended contract with BP to operate NA Heydar Aliyev drilling rig in Shah Deniz natural gas field in the Caspian Sea until May 2021.
Gas firm PGNiG and chief refiner PKN Orlen will jointly research eight exploration licenses near the Bieszczady Mountains in southeastern Poland, PKN said, Reuters reported.
The industry can benefit quickly by approaching Big Data from the place of maximizing value by minimizing complexity.
Using technology to generate, process and analyze data can lead to improved operations.
With big data and predictive analytics, operators can use production surveillance, comparing predictions to new actuals to determine how a particular oil or gas asset is performing. In response, adjustments can be made to improve production and overall operations.
Asset Guardian Solutions specializes in protecting companies’ process critical software assets.
Under the five-year contract, BP said it will offer courses next year in a new-state-of-the-art Maersk Training facility in Houston.
Etienne Roux, vice president of drilling services, said Revolution has drilled 284 vertical-curve lateral wells in a single run in the last year and half. This totals 2.4 million feet.
Manufacturing and engineering firms see the first green shoots of activity improvement as the industry retools for the future.
The TAM FastSwell technology utilizes a proprietary process that alters the geometric design of the elastomer to provide ultra-fast, but predictable and controlled swell rates for challenging downhole conditions.
Problematic areas have included perforation issues, loss of fracture length, and sometimes wellbore connectivity.
The rise in the rig count this week was the biggest increase since April 2014. It was, however, only the third addition over the past 33 weeks, bringing the total rig count up to 659, the highest since late May.
The jackup rig renter cut 15% of workforce, or 324 jobs, in November. More than two-thirds of the holders of its outstanding debt support imminent bankruptcy protection filing, Reuters said.
Snyder, Texas-based Patterson-UTI said its margins were improving and its U.S. rig count was stabilizing, while Calgary-based Precision Drilling said it expected its market share to improve due to demand for high-tech rigs.
Quest Offshore called the outlook for nine FLNG orders through 2019 “positive” despite the figure being 25% lower than the previous forecast due to today’s market conditions.
Companies shoulder much of costs for large-scale redundant platform decommissioning as sales in ageing oil fields remain few, Reuters said. Urgency to sell assets has grown on low oil prices.
BP CEO Bob Dudley said company is less likely to be acquired, “and it is certainly not our intention” to sell, after $18.7 billion Gulf of Mexico settlement, Reuters reported.
Oil and gas majors have slashed capex budgets between 10% and 15% this year in response to oil prices halving over the past year.
Mexico’s energy ministry came up with a figure of lost offshore oil output almost 3x higher than Pemex’s, Bloomberg said. An April 1 blast affected the Abkatun fixed platform.
The top 10 frack sand suppliers claim 55% of total business, while more than 40 companies make up the remaining percentage.
The union is fighting plans by Petrobras to sell $15.1 billion of assets by the end of 2016.
Carin Knickel served as vice president, human resources, for ConocoPhillips Inc. from 2003 until her retirement in 2012.
State-owned Nigerian National Petroleum Corp. will be split into an independent regulator and an investor vehicle, said Femi Adesina, spokesman for President Muhammadu Buhari, Reuters reported.
Khaled Kacem was appointed as president of gas producer BG Egypt, a BG Group subsidiary. He has 23 years’ experience in upstream, downstream oil and gas. He succeeds Arshad Sufi.
Encana Corp, Canada's No.1 natural gas producer, said it had laid off about 200 employees this month, Reuters reported. In 2013, about 1,200 jobs were cut.
Main oil workers’ union FUP opposes Petrobras’ planned US$15.1 billion sale of assets, and the Brazilian Senate’s bill seeking removal of Petrobras’ right to development work in offshore Subsalt Polygon.
Block SC55 covers 9,880 sq km in southwest Palawan Basin in a proven oil and gas fairway. Maersk Venturer drillship will arrive at Hawkeye-1 well location at end of July.
Italian oil company Eni was awarded three licenses covering 23 blocks, while Shell received one license to explore 10 blocks, government data showed, Reuters said.
Shell is set to become the largest Brazilian offshore foreign operator after it completes the merger with BG, which it announced in April.
China and Japan should start joint development of resources with the precondition that activities won’t violate laws of the two countries, China's foreign ministry said.
Shell must have emergency equipment called a capping stack deployable before drilling into the oil zone in the Chukchi Sea off Alaska, the government said.