Production


All posts for Production

Upstream Intelligence by Reuters Events announces release of 2020 Market Report – Digital in Action, featuring insight from Occidental Petroleum Corporation and Marathon Oil Corporation

HOUSTON, January 17, 2020 - Upstream Intelligence by Reuters Events - today announced the release of their 2020 Market Report: Digital in Action.  Access the report here This paper pinpoints contractual opportunities and provides project pipelines in the data-driven upstream. It further provide ...

Charlotte Howlett


Posted 10 days agoPress > houston oilOilProduction Optimization +8

U.S. oil and natural gas proved reserves and production set new records in 2018

Just as quickly as they spiked, crude oil prices have now fallen back to their lowest levels in 6 weeks, trading at the subdued levels seen in late November before the OPEC+ club announced its renewed oil supply deal. Despite assassinations, embassy stormings and ballistic missile retaliations, t ...

Hui Shan


Posted 12 days agoLink > ProductionsuppplyReserves +5

Precautions for Seamless Steel Pipe Production

Cold drawn precision  seamless steel tube  has the characteristics of no oxide layer on the inner and outer walls, high pressure without leakage, high precision, high smoothness, no deformation during cold bending, no flaring and no cracks, and antirust treatment on the surface. It is mainly used fo ...

lvy lee - Permanent Steel Manufacturing Co.,Ltd


Posted 17 days agoPress > Seamless steel pipeProductionPrecautions

LEKOIL appoints Progressive TSL for Infor SunSystems and Infor EAM implementation

Progressive TSL is proud to announce that LEKOIL has chosen them to implement Infor SunSystems and Infor EAM to underpin their future growth plans. LEKOIL was founded in 2010 and currently participates in four assets in Nigeria – the Otakikpo marginal field (in OML11) – the Ogo field in OPL310, th ...

Louise Rock-West - Progressive TSL


Posted 1 month agoPress > LEKOILAfricaexploration +9

This Week in Petroleum

September was the first month the United States recorded exporting more petroleum than it importedIn September 2019, the United States exported 89,000 barrels per day (b/d) more petroleum (crude oil and petroleum products) than it imported, the first month this happened since monthly records began ...

Hui Shan


Posted 1 month agoLink > CanadaCrude oilDiesel +11

SUDAN AND SOUTH SUDAN: EXECUTIVE SUMMARY

Changing nature of non-OPEC supply types may be affecting the crude oil futures marketChanges in the oil investment and production cycle may be affecting trading dynamics for West Texas Intermediate (WTI) and Brent crude oil futures contracts. Similar research from the U.S. Commodity Futures Trad ...

Hui Shan


Posted 2 months agoLink > SudanSouth Sudanpetroleum +6

This Week in Petroleum

Changing nature of non-OPEC supply types may be affecting the crude oil futures marketChanges in the oil investment and production cycle may be affecting trading dynamics for West Texas Intermediate (WTI) and Brent crude oil futures contracts. Similar research from the U.S. Commodity Futures Trad ...

Hui Shan


Posted 2 months agoLink > BrazilBrentCrude oil +11

Associated gas contributes to growth in U.S. natural gas production

A growing share of U.S. natural gas production is associated-dissolved natural gas (natural gas produced from oil wells), which is the result of increased crude oil production from low permeability, tight rock formations—Permian, Bakken, Eagle Ford, Niobrara, and Anadarko. In 2018, associated-dis ...

Hui Shan


Posted 2 months agoLink > ProductionsupplyEIA

China adds incentives for domestic natural gas production as imports increase

Natural gas production has recently grown in China largely because of increased development in low-permeability formations in the form of tight gas, shale gas, and to a lesser extent, coalbed methane. In June 2019, the Chinese government introduced a subsidy program that established new incentive ...

Hui Shan


Posted 3 months agoLink > ProductionsupplyConsumption +9

U.S. Federal Gulf of Mexico crude oil production to continue to set records through 2020

Despite tighter forecast global petroleum markets in the second half of 2019, EIA expects that the Brent crude oil price will average $60.63/b in the second half of 2019, nearly unchanged from the $60.68/b forecast in the September STEO. EIA forecasts that global petroleum inventories will increa ...

Hui Shan


Posted 3 months agoLink > ProductionsupplyCrude oil +5

Crude oil used by U.S. refineries continues to get lighter in most regions

Despite tighter forecast global petroleum markets in the second half of 2019, EIA expects that the Brent crude oil price will average $60.63/b in the second half of 2019, nearly unchanged from the $60.68/b forecast in the September STEO. EIA forecasts that global petroleum inventories will increa ...

Hui Shan


Posted 3 months agoLink > Crude oilProductionsupply +2

EIA forecasts lower crude oil prices despite tighter global liquid fuels balances

Despite tighter forecast global petroleum markets in the second half of 2019, EIA expects that the Brent crude oil price will average $60.63/b in the second half of 2019, nearly unchanged from the $60.68/b forecast in the September STEO. EIA forecasts that global petroleum inventories will increa ...

Hui Shan


Posted 3 months agoLink > CanadaChinaCrude oil +4

Recent decrease in U.S. crude oil production was geographically isolated, likely temporary

Monthly U.S. crude oil production fell by 276,000 barrels per day (b/d) in July 2019, based on the latest data in the U.S. Energy Information Administration's (EIA) Petroleum Supply Monthly. Crude oil production in the Federal Offshore Gulf of Mexico fell by 332,000 b/d in July when some producti ...

Hui Shan


Posted 3 months agoLink > ProductionsupplyLiquid Fuels +3

This Week in Petroleum: U.S. crude oil exports continued to grow in the first half of 2019

In the first half of 2019, U.S. exports of crude oil increased to average 2.9 million barrels per day (b/d), an increase of 966,000 b/d from the first half of 2018. U.S. crude oil exports to Asia grew significantly in the first half of 2019, up 472,000 b/d (58%) compared with the same period in 2 ...

Hui Shan


Posted 3 months agoLink > CanadaChinaCrude oil +4

August non-OPEC unplanned oil production outages fell to lowest level since at least 2011

The stock prices of U.S. oil exploration and production (E&P) companies relative to the broader U.S. equity market index have declined since the start of the year. According to the 42 companies' income statements, however, upstream production costs did not increase at the same rate as total outpu ...

Hui Shan


Posted 3 months agoLink > Productionsupplyoutages +4