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Russian oil output stood at 11.37 million barrels per day (MMbbl/d) in November, down from the post-Soviet record high of 11.41 million bpd that it reached in October, Energy Ministry data showed on Dec.2.
The sale of the company’s pressure pumping business to ProPetro will bring Pioneer Natural Resources’ divestiture proceeds for the year to roughly $900 million.
The oilfield service company is using digital technologies such as the Internet of Things, cloud computing and advanced analytics in an effort to improve production efficiency in the oil patch.
Additional EOR pilots have been initiated in the Delaware and Midland basins.
Turkey and Italy are the last buyers of Iranian crude outside China, India and the Middle East, according to tanker data and an industry source, the latest sign that shipments are taking a major hit from looming U.S. sanctions.
An analysis predicts costs to climb as core areas mature.
Enhanced completion designs and improved economics draw investments to the D-J Basin.
The East Texas Eagle Ford player is adding value through completion optimization as it dives into a refracturing program and evaluates Austin Chalk opportunities.
An operator controls proppant flowback by utilizing a new liquid additive.
A subsea CT scanning system enables operators to overcome inspection challenges.
Modularized production systems streamline field installations.
A proppant silo system increases efficiency and storage capacity.