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Brazil is facing another political crisis, but its oil and gas sector will be fine, ANP says.
Out of 109 oil and gas industry executives surveyed, 76% said they had a low expectation of the public’s trust in the industry.
International exploration and technology remain crucial to filling future energy demand.
Some countries may be better positioned to attract investment to meet future demand, according to a global risk consultancy.
Using oil and gas industry technology and land-based wind technology, the U.S. offshore wind sector could help close the gap in electrical generation by 2050.
Proppant tracking, flowback prevention and nanoparticles are among the areas of focus, according to a study released by Deloitte.
Recent trends and new technology indicate operators and service companies are thinking outside of the box and experimenting with different methods and techniques to grow production.
Better insight, including on calcite and ash bed layers, could lead to better frack designs, greater stimulation and ultimately, more production.
The technology uses an industry standard downhole data logger to collect data from which measurements are made and fracture locations pinpointed.
The company plans to produce a new hydraulic fracturing system and a ‘land drilling system of the future.’
Production from the field, which is 240 km east off the Aberdeen coast, is expected to begin in 2019. The Culzean Field will cover 5% of U.K. natural gas demand in 2020-2021, the press release added.
Uganda has also been pursuing a tender for developing a $2.5 billion refinery to process part of the crude from its oil fields, Reuters reported.
Business Briefs For May 11
Kongsberg Maritime will build the world’s first government-owned LNG-powered research vessel for Germany’s Federal Maritime and Hydrographic Agency (BSH).
The U.S. Environmental Protection Agency (EPA) awarded Tier III emissions compliance certification to Wärtsilä’s 34DF dual-fuel engine family for 2017, the first Category 3 Tier III certificates issued to any manufacturer.
Oil companies are increasingly moving toward digital solutions to help their businesses.
The technique involves matching seismic simulations with existing seismic data to produce subsurface images that are of better quality, BP says.
Flotek’s Reservoir Cognitive Consultant TM is intended to improve decision-making using machine learning to maximize reservoir performance through the Watson platform.
Lower commodity prices have not stopped oil and gas companies’ efforts to guard against cyberattacks.
The FRACGAS II JIP continues the development of the Elfen tight gas reservoirs (tgs) software suite pioneered by Rockfield, a geomechanics software solutions developer. The research aims to enhance finite element (FE) based modeling technology and microseismic methodology, the release said.
Halliburton said it collaborated with customers to design the Dash Large Bore, which can isolate the lower landing string in six seconds or less, disconnect from the lower landing string in ten seconds or less, and provide downhole data.
Andrew F. J. Gould and James W. (Bill) Stewart were appointed to the board of directors at BJ Services, and Evelyn M. Angelle joined as executive vice president and CFO, the company said Jan. 19.
Combining real-time downhole intelligence, coiled tubing strength and flexibility, and continuous electrical power benefits fishing, milling, cleanouts, perforating and other operations.
David G. Gallagher said that trademarked Gilsonite is a naturally occurring asphaltite that binds and strengthens as an additive for drilling fluids and cementing.
Ely's world-class reservoir stimulation and completion consulting services will be packaged with Flotek’s CnF customized completion chemistries for clients that purchased CnF chemistries directly through The Flotek Store.
Drillers added nine oil rigs in the week to May 12, bringing the total count up to 712, the most April 2015, energy services firm Baker Hughes Inc. (NYSE: BHI) said on May 12. While that is more than double the same week a year ago when there were only 318 active oil rigs, the pace of those additions has declined with the total over the past four weeks falling to the lowest since March.
New oilfields lead to larger capacity of Caspian pipeline.
Four years after Total and its partners paid 622 million reais (US$196 million) for five exploration blocks, they are still waiting for the go-ahead from Brazil's environmental regulator, Ibama.
Saipem’s flagship vessels FDS2 and the Normand Maximus will carry out the work, which will begin in 2019.
U.S. energy firms added oil rigs for a 16th week in a row, extending a drilling recovery into a 12th month even as the pace of those additions has slowed in recent weeks as crude prices have held below $50 a barrel.
The SFO launched a criminal investigation into Unaoil, its officers, employees and agents in July 2016 in connection with suspected bribery, corruption and money laundering.
In its fourth incarnation, Browse could supply gas to the North West Shelf LNG plant from 2025, rather than be developed as an expensive new LNG project. Browse has been reworked three times over the past decade, Reuters reported.
State-owned China National Petroleum Corp. (CNPC) plans to invest $2 billion in an oil and natural gas block in southern Peru in the coming years, Rafael Zoeger, the head of Peru's state energy agency Perupetro said at a news conference on May 23.
Thailand’s largest oil and gas explorer PTT Exploration and Production (PTTEP) is planning new investments or an extension of its operations in fields in Thailand, Malaysia and Myanmar, the company said on May 23.
The roadmap strengthens the deployment of Schlumberger technology, reduces regional delivery times for key products and services, and increases local capacity and deployment capabilities, Schlumberger said in the release.
Unions have protested against the sacking of workers at Exxon and other foreign oil firms, staging several strikes since the start of the year.
Anton Dibowitz will succeed Per Wullf as CEO of Seadrill Ltd., effective July 1, the company said in a news release.
Francisco Velasquez was detained on May 13 and he remains behind bars in the city of Barcelona in the eastern state of Anzoategui, the prosecutor’s office said in a statement.
Angelle, who most recently served as vice chairman of the Louisiana Public Service Commission, will assume his new position May 23.
Halliburton said May 17 that CEO Dave Lesar will retire on June 1 and be replaced by Jeff Miller, Lesar's longtime deputy and fellow board member.
The FY 2018 budget supports oil spill research and Trump's 'America First Energy' and includes $112 million in current appropriations and $92.9 million in revenue from rental receipts, cost recoveries and inspection fees.
The proposed cut, first announced in April, is the latest in a series over the past two years following earthquakes causing major damage to properties in the northernmost region of the Netherlands.
Companies' disclosure of risks to their business from climate change could become mandatory in a few years as investor pressure gathers pace, climate finance experts said on May 23.
Trump's White House wants to sell half of the nation's emergency oil stockpile and open the Alaska National Wildlife Refuge to drilling as part of plans to balance the budget over the next 10 years.
The Trump administration on May 16 formally launched its effort to renegotiate the North American Free Trade Agreement (NAFTA) with Canada and Mexico to try to win better terms for U.S. workers and manufacturers.