Repeated delays to well plugging and abandonment (P&A) work, competition for rigs from overseas and cost pressures are pushing up the estimated bill for decommissioning on the UK Continental Shelf, according to the North Sea Transition Authority’s new report. SourceContinue Reading
UK Fund Faces Headwinds as Energy Storage Challenges Emerge | OilPrice.com City A.M CityAM.com is the online presence of City A.M., London’s first free daily business newspaper. Both platforms cover financial and business news as well as sport and… More Info Premium Content By City A.M – Jul 16, 2024, 1:00 PM CDT Gore Street Energy...Continue Reading
The LK7-1-1 exploration well was drilled and completed at a depth of approximately 4,400 m, which encountered a total of 76 m oil and gas pay zones. The well was tested to produce about 210 cubic meters of crude oil and nearly 1 MMcmgd, a new record for natural gas tested productivity in Bohai Bay....Continue Reading
Central Asian Giants Target $10 Billion in Annual Trade | OilPrice.com Eurasianet Eurasianet is an independent news organization that covers news from and about the South Caucasus and Central Asia, providing on-the-ground reporting and critical perspectives on… More Info Premium Content By Eurasianet – Jul 16, 2024, 12:00 PM CDT Kazakhstan and Uzbekistan aim to...Continue Reading
IMF Cuts Saudi Economic Growth Projection On Oil Cuts | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com. More Info Related News By Alex Kimani – Jul 16, 2024, 11:30 AM CDT The International Monetary Fund (IMF) has downgraded its growth forecast for the Saudi economy due...Continue Reading
Canada’s Oil Industry Enjoys Boom Year, But There’s a Catch | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. More Info Premium Content By Tsvetana Paraskova – Jul 16, 2024, 11:00 AM CDT Plans to cap emissions on hydrocarbon...Continue Reading
The Sensori fracture monitoring service provides true, real-time data acquisition and processing of near-well and far-field subsurface measurements. Through automation, cloud processing and big data analytics, the Sensori service provides continuous, real-time subsurface feedback for multiple well pads across an entire asset. SourceContinue Reading
Russia’s Novatek Slashes Gas Output at Sanctioned Arctic LNG 2 | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jul 16, 2024, 10:30 AM CDT The Arctic LNG 2 project in Russia, which Western sanctions have hit in recent months, significantly reduced its production of natural...Continue Reading
Bolivian President Luis Arce announced the discovery of a 1.7 Tcf natural gas reserve near La Paz. This discovery, the largest since 2005, is expected to become the third-largest producing field in Bolivia and is expected to produce first gas in two to three years. SourceContinue Reading
Hammerhead aims to start production in 2029, boosting Guyana’s oil production capacity to over 1.4 MMbpd. Exxon, along with partners Hess Corp and China’s CNOOC, expects Hammerhead to produce between 120,000 and 180,000 bpd, which is less than the 250,000 bpd from its largest vessels offshore Guyana. SourceContinue Reading
