The combination Conoco and Concho will be one of the dominant operators in the Permian Basin of West Texas and New Mexico, rivaling only the likes of Occidental Petroleum Corp. and Chevron Corp. in terms of crude output. SourceContinue Reading

While opinions differ on oil demand and production rates, a fourth week of growth in the rig count appears to prove some projections right, while invalidating others. SourceContinue Reading

The SmartFleet system connects to the reservoir through subsurface sensing to continuously measure cluster uniformity and fracture geometry. The system applies the measurements to make intelligent adjustments that improve fracture placement. SourceContinue Reading

Enpro’s patented technology enabled the safe access and removal of ‘attic’ oil from concrete storage cells at the base of the Brent Bravo platform in 140m water depth. The system, which on previous campaigns had been deployed direct from platform topsides, was this time deployed from a DeepOcean construction vessel, leading to a significant reduction...Continue Reading

The halt in Libya’s civil war led to many fields and ports in the east reopening last month, after an almost total shutdown of energy facilities since January. Before then, Libya was producing 1.2 million barrels a day. SourceContinue Reading

The Philippines lifted its moratorium on oil and gas exploration in disputed areas of the South China Sea, a move that was welcomed by China and boosted the shares of the Southeast Asian nation’s energy producers. SourceContinue Reading

This year, more than 270 nominations were submitted from over 90 companies in more than a dozen countries around the world. Eighty-four finalists were selected, and the award winners were hand-picked by the World Oil Awards advisory board as this year’s most groundbreaking industry developments. SourceContinue Reading

Oil pared losses as declining U.S. crude and fuel inventories eased concerns following reports of a sluggish labor market. SourceContinue Reading

The Walker Ridge program covers approximately 300 OCS blocks including two priority areas of significant industry interest. Advanced proprietary imaging technologies will be applied to this program to unlock the full potential of existing seismic data and provide significant uplift in subsurface imaging. SourceContinue Reading

The nation’s producers, which have reduced oil drilling by as much as one-third so far this year, may cut it by a further 20% in 2021, said Vitaly Dokunikhin, CEO at Eriell Russia. SourceContinue Reading