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Play by Play: Collingham Formation

The most promising plays for unconventional oil and gas prospects in South Africa's Karoo Basin are the Prince Albert, the Whitehill and the Collingham formations. The youngest of the Karoo's lower Permian shale formations, the Collingham shale is usually paired with its older counterpart, Whiteh ...

Aydanur Akkurt - Africa Oil & Power


Posted 1 year agoLink > South AfricagasShale Gas +4

Play by Play: Whitehill Formation

The most promising plays for unconventional oil and gas prospects in the Karoo are the Whitehill, the Prince Albert and the Collingham formations. Whitehill is located between the lower Prince Albert and the more recent Collingham formations and all are located in the Central and South Eastern ar ...

Aydanur Akkurt - Africa Oil & Power


Posted 1 year agoLink > South AfricagasShale Gas +4

Play by Play: Karoo Basin

In any list of top unconventional plays for oil and gas, one and only one play stands out in the whole of sub-Saharan Africa: South Africa's Karoo Basin. Most of the country's reserves are located in the Karoo Basin, which in itself, encompasses three quarters of South Africa's territory and the ...

Aydanur Akkurt - Africa Oil & Power


Posted 1 year agoLink > KarooSouth Africagas +5

Supermajors’ Cost Index: How Efficient are they in Developing their Assets? | Petroleum Africa

The ‘lower for longer' oil price environment has forced oil and gas companies to look hard at their cost structures. Despite development costs accounting for more than 50% of total costs, the industry currently acks a widely accepted measure for assessing efficiency in this area.

Muktadir Ur Rahman


Posted 1 year agoLink > Supermajors Cost IndexBPShell +20

11 billion North Sea barrels left at “lower for longer” prices, new research says

A new Aberdeen University study suggests the UK North Sea can deliver nearly 11billion more barrels of oil equivalent (boe) at “lower for longer” prices. In their latest analysis on the prospects for activity in the region to 2050, petroleum economics professor Alex Kemp and research colleague Li ...

OilVoice Press - OilVoice


Posted 1 year agoLink > North Sea

Study: Oil, Gas Development Costs Fall, But Could Go Lower

Looking specifically at seven supermajors—BP, Royal Dutch Shell Plc (NYSE: RDS.A), Eni (NYSE: E), Chevron Corp. (NYSE: CVX), ExxonMobil Corp. (NYSE: XOM), Total (NYSE: TOT) and ConocoPhillips (NYSE: COP)—development cost per barrel of oil equivalent (boe) increased by 66% between 2011 and 2015, bu ...

Muktadir Ur Rahman


Posted 1 year agoLink > Supermajors Cost IndexBPShell +20

Recommendations to Maximise Returns on Oil and Gas Investments

Calculate Estimated Expected Cash Flow Cash flow is one of the deciding factors when identifying lucrative oil and gas investments, especially when it comes to developing well sites. When calculating a project's expected cash flow, it is essential to consider relevant data regarding future costs ...

Ryan Wright - FIG Tree Capital Ventures LLC


Posted 1 year agoLink > Oil and Gas Investments

Acidizing Different Formations

Limestone and Dolomite When either limestone and/or dolomite formation are stimulated, acid enters the formation through pores in the matrix of the rock or through natural or induced fractures. With emulsified acid, the resulting etch patterns are influenced by the rate at which acid penetrates t ...

AONG website - AONG


Posted 1 year agoLink > DrillingacidizingOil

Drilling Bits

This general drilling bit type is available with a large variety of tooth design and bearing types and, thus, is suited for a wide variety of formation characteristics. As the rock type gets harder, the tooth length and cone offset must be reduced to prevent tooth breakage; the drilling action of ...

AONG website - AONG


Posted 1 year agoLink > DrillingDrilling bitsoil industry

Trump’s Vow To “Unleash An Energy Revolution” May Send Oil and Gas Tumbling In 2018

President Trump's vow to “unleash an energy revolution” by reversing regulations may send oil and natural gas prices tumbling in 2018, according to Bank of America Merrill Lynch. Though U.S. oil and natural gas producers could see a surge in investment under Donald Trump's numerous proposals from ...

OilVoice Press - OilVoice


Posted 1 year agoLink > Donald Trumpoil price

More and more robots are being used in the oil and gas industry

The oil and gas industry is increasingly being disrupted by an increasing IoT presence, as sensors and other devices help operators monitor the various equipment on-site at many extraction facilities and refineries. In addition to standard IoT devices like sensors, robots will increasingly play a ...

OilVoice Press - OilVoice


Posted 1 year agoLink > Oilrobots

Trump Says U.S. Should Have Stolen Iraq’s Oil, ‘Maybe We’ll Have Another Chance’

While addressing the CIA on Saturday, President Donald Trump took a break from lambasting the media to remind everyone that he thinks the U.S. should have stolen Iraq's oil. He made the argument numerous times on the campaign trail, suggesting that the U.S. could take Iraq's oil while fighting IS ...

OilVoice Press - OilVoice


Posted 1 year agoLink > Donald TrumpIraq

Huge oil, gas reserves found in Balochistan

QUETTA:  A huge reserve of oil and gas has been found in Jandran area of Marri Agency of Balochistan. Huge oil, gas reserves found in Balochistan was posted in Business of TheNews International - https://www.thenews.com.pk on December 26, 2016 and was last updated on December 26, 2016. Permanent ...

Adam Marmaras - OilVoice


Posted 1 year agoLink > Balochistanoil find

Exclusive: Cost of pump-at-will oil policy spurred Saudi OPEC U-turn

Sources say the kingdom may have stretched its current limits by extracting a record of around 10.7 million bpd this year, which could be one reason why Riyadh pushed so hard for a global deal to cut production.Riyadh, the world's top oil exporter, felt the burn of cheap oil this year when crude w ...

Adam Marmaras - OilVoice


Posted 2 years agoLink > OPECoil priceSaudi Arabia

Exclusive: Maersk, DONG oil and gas merger talks stall over price - sources

COPENHAGEN/LONDON Talks between shipping group A.P. Moller-Maersk (MAERSKb.CO) and DONG Energy (DENERG.CO) to merge their oil and gas business have stalled after the two Danish firms could not agree on a price, industry and banking sources said on Wednesday.The breakdown in talks aimed at creating ...

Adam Marmaras - OilVoice


Posted 2 years agoLink > Maersk OilDONG Oilmerger
Last fetch 12/16/2018 11:42:31 AM