Production


All posts for Production

Motor gasoline accounted for almost half of U.S. petroleum consumption in 2019

Just a few days ago, Chevron sent a tremor through the LNG industry when it announced that it was putting its stake in Australia's giant North West Shelf project up for sale, having received ‘unsolicited approaches from a range of credible buyers'. The North West Shelf Project kicked off in the 1 ...

Hui Shan


Posted 11 days agoLink > ImportsProductionUnited States +3

Tendeka to deliver AICDs to aid production enhancement in Malaysia

Global completions service company Tendeka will provide its inflow control technology to help increase production from Malaysian assets of an independent operator. The three-year contract will see Tendeka will supply its FloSure Autonomous Inflow Control Devices (AICDs) to two fields offshore Saba ...

Shayla Henry


Posted 1 month agoPress > completionsTendekaProduction +2

EIA expects record liquid fuels inventory builds in early 2020, followed by draws

In the same year, the US leapfrogged Malaysia as the third largest LNG exporter in the world, and by 2025, its LNG production capacity could reach almost 15 bcf/d – eclipsing both Qatar and Australia. With its recent moves to tap into the vast natural gas resources in its offshore North Field and ...

Hui Shan


Posted 1 month agoLink > ProductionsupplyConsumption +8

EIA expects natural gas production and exports to continue increasing in most scenarios

According to projections published in the U.S. Energy Information Administration's (EIA) Annual Energy Outlook 2020 (AEO2020), total dry natural gas production in the United States will continue to increase until 2050 in most of the AEO2020 cases, primarily to support growing U.S. exports of natur ...

Hui Shan


Posted 4 months agoLink > ProductionsupplyAEO +7

Natural gas prices fall to lowest level since 2016, the lowest February prices in 20 years

Dry natural gas production in January 2020 averaged about 95.0 billion cubic feet per day (Bcf/d), according to IHS Markit data. IHS Markit also estimates that in January 2020 the United States saw the third-highest monthly U.S. natural gas production on record, down slightly from the previous tw ...

Hui Shan


Posted 4 months agoLink > supplyProductionsupply +8

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 5 months 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 5 months 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 5 months 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 6 months 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 6 months 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 7 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 7 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 7 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 8 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 8 months agoLink > ProductionsupplyCrude oil +5