Production


All posts for Production

Tight Oil Remains the Leading Source of Future U.S. Crude Oil Production

Source: U.S. Energy Information Administration, Annual Energy Outlook 2018 EIA's recently released Annual Energy Outlook 2018 (AEO2018) Reference case projects that U.S. tight oil production will generally increase through the early 2040s, when it will surpass 8.2 million barrels per d ...

OilVoice Press - OilVoice


Posted 3 days agoOpinion > United StatesUSCrude oil +3

NPD: Production Figures January 2018

Preliminary production figures for January 2018 show an average daily production of 2 019 000 barrels of oil, NGL and condensate, which is an increase of 89 000 barrels per day compared to December. Total gas sales were 11.3 billion Sm 3 (GSm 3 ), which is an increase of 0.2 GSM 3 from the prev ...

OilVoice Press - OilVoice


Posted 4 days agoPress > NPDNorwayNorwegian Petroleum Directorate +2

Accelerated Growth of Light Crude Production is Driving the United States to Become a Global Oil Exporter

The phenomenal surge in United States oil exports over the last year has grabbed headlines and defied all expectations of the impact of the December 2015 lifting of the US crude ban. Lost in the excitement is the fact that the volumetric growth in US crude exports - which averaged 1.5 million barrel ...

OilVoice Press - OilVoice


Posted 8 days agoOpinion > Light CrudeProductionUS +3

Mayan Energy: 300-500 bopd Production Target in Sight After Third Well Comes On Line in Texas

Operations Update – Initial Flow Rate for Gilbreath #15 Mayan (AIM: MYN), the AIM listed oil and gas company, is delighted to announce that the Gilbreath #15 well at Forest Hill Field, Wood County, Texas (“Forest Hill”) was added to production with 51 barrels of crude oil produced in the first 2 ...

OilVoice Press - OilVoice


Posted 10 days agoPress > Mayan EnergyTexasUnited States +3

S&P Global Platts OPEC Survey for January 2018

  OPEC production well below ceiling of 32.73 million b/d Saudi output 9.99 mil b/d, Iraq 4.41 mil b/d, Iran 3.83 mil b/d Libya, Nigeria combine for 2.91 mil b/d, above 2.80 mil b/d cap Venezuela output falls for sixth straight month to 1.64 mil b/d OPEC's crude production averaged 3 ...

OilVoice Press - OilVoice


Posted 11 days agoOpinion > S&P Global PlattsOPECSurvey +6

Top Three Saudi Oil Fields Drive 59% of Country’s Oil Production in 2021, says GlobalData

Analysis of Saudi Arabia's crude oil production shows that over $79.6bn in capital expenditure (capex) would be spent by Saudi Arabia Oil Co on oil projects over the next four years, to ensure that country's production remains around 11.2 million barrel per day (mmbd) in 2021. The company will have ...

OilVoice Press - OilVoice


Posted 12 days agoOpinion > Kingdom of Saudi ArabiaSaudi ArabiaSaudi Arabia Oil +1

Faroe Petrolem: Operational Update and 2018 Guidance

  13 February 2018   Faroe Petroleum, the independent oil and gas company focussing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to provide an update on operations and guidance for 2018. Highlights 2017 average production of 14,300 boepd at ...

OilVoice Press - OilVoice


Posted 12 days agoPress > Operational UpdateFaroe PetroleumNorway +3

Mayan Energy on Course to Hit 300-500bopd Production Target as Two New Wells in Texas Commence Production

Initiation of Production at Two US Onshore Wells Mayan (AIM: MYN), the AIM listed oil and gas company, is pleased to announce the initiation of production at the Gilbreath #19 well at Forest Hill Field, Wood County, Texas (“Forest Hill”) and the Morris #1 well at Stockdale Field, Wilson County, ...

OilVoice Press - OilVoice


Posted 12 days agoPress > Mayan EnergyProductionTexas +6

Robust Energy Production Growth Coupled with Relatively Flat U.S. Demand Support Net Energy Exports in EIA's AEO2018

The U.S. Energy Information Administration (EIA) released today its Annual Energy Outlook 2018 (AEO2018), which includes its Reference case and a number of sensitivity cases. The AEO2018 Reference case shows continued development of the U.S. shale and tight oil and gas resources paired with mod ...

OilVoice Press - OilVoice


Posted 13 days agoOpinion > EIAEnergy Information Administration EIAUnited States +6

ExxonMobil Adds 2.7 Billion Barrels to Reserves; Replaces 183% of 2017 Production

Exploration success and strategic acquisitions add high-quality resources U.S. Permian Basin, Guyana, Mozambique and Upper Zakum key factors in growth Nearly 10 billion oil-equivalent barrels added to resource base, largest since XTO acquisition IRVING, Texas--( BUSINESS WIRE )-- Exxon Mobil C ...

OilVoice Press - OilVoice


Posted 13 days agoPress > ExxonMobilExxon MobilExxon Mobil Corporation +6

Mayan Energy: 300-500 Barrel Daily Production Target in Sight as Roll-Out of Multi-Well Programme in Texas Gathers Pace

Operations Update – Completes Second of Eight Well Workover Programme at Forest Hill Field Mayan (AIM: MYN), the AIM listed oil and gas company, is pleased to announce the successful completion of the workover of the Amason#1 Well at the Forest Hill Field, Wood County, Texas (“Forest Hill”).  Am ...

OilVoice Press - OilVoice


Posted 23 days agoPress > Mayan EnergyTexasUnited States +5

U.S. Monthly Crude Oil Production Exceeds 10 Million Barrels Per Day, Highest Since 1970

Source: U.S. Energy Information Administration, Petroleum Supply Monthly U.S. crude oil production reached 10.038 million barrels per day (b/d) in November 2017, according to EIA's latest Petroleum Supply Monthly . November's production is the first time since 1970 that monthly U.S. pro ...

OilVoice Press - OilVoice


Posted 24 days agoOpinion > EIAEnergy Information Administration EIAUnited States +3

ExxonMobil to Triple Permian Production by 2025, Expand Transportation Infrastructure

Company plans to invest more than $2 billion in terminal and transportation expansion Investments supported by changes to U.S. corporate tax rate Downstream and Chemical expansions progressing due to increased low-cost supply IRVING, Texas--( BUSINESS WIRE )-- ExxonMobil today announced that ...

OilVoice Press - OilVoice


Posted 26 days agoPress > PermianPermian Basintransportation +5

API 510 Pressure Vessel Inspectors Preparatory Course

About The Course This program is designed for in depth understanding of Inspection of pressure vessels and equipment under operation as per API 510. This preparatory course will prepare inspectors to ensure pressure vessel integrity in service. Practical aspect of design considerations, sizing, r ...

Salina Matt


    MY 12 Mar 2018


Posted 1 month agoTraining > API 510Pressurevessel +15

Introduction to Floating Storage & Regasification Unit (FSRU)

About This Course Over the next 2 or 3 decades it is predicted that gas usage will grow at a much faster rate than oil and become the dominant energy source. Up to some 40% of gas comes from Offshore Fields. The transport of gas in the form of LNG is growing very fast – particularly for longer di ...

Salina Matt


Singapore     SG 05 Mar 2018


Posted 1 month agoTraining > IntroductionSubseainspection +8