Production


All posts for Production

This Week in Petroleum: EIA forecasts moderate inventory builds in 2020 and lowers crude oil price forecast

In the August 2019 Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts relatively flat crude oil prices for the remainder of 2019 and through 2020 and a balanced global oil market in 2019 followed by modest inventory builds in 2020 as production growth outp ...

Hui Shan


Posted 11 days agoLink > ConsumptionDemandprices +5

Iran drives unplanned OPEC crude oil production outage to highest levels since late 2015

The risk assessment comes as the British warship HMS Montrose had to escort the BP oil tanker British Heritage out of the Persian Gulf into the Indian Ocean from being blocked by Iranian vessels. While a risk premium has already been applied to current oil prices, some analysts are suggesting tha ...

Hui Shan


Posted 1 month agoLink > Productionsupplyoutages +5

TODAY IN ENERGY: In 2018, 90% of the natural gas used in the United States was produced domestically

EIA's U.S. natural gas flow diagram helps to visualize the elements of U.S. natural gas supply (production, imports, and withdrawals from storage) and disposition (consumption, exports, and additions to storage). U.S. natural gas production and consumption have both generally increased since the ...

Hui Shan


Posted 1 month agoLink > ProductionsupplyConsumption +6

TODAY IN ENERGY: U.S. crude oil production surpassed 12 million barrels per day in April

The Wafra field was discovered in 1953, and in 1960, Japan's Arabian Oil Company (which held an offshore concession awarded by Saudi Arabia in 1957 and another awarded by Kuwait in 1958) discovered the giant Khafji offshore field. The unique status of the Neutral Zone is exemplified by its struct ...

Hui Shan


Posted 1 month agoLink > ProductionsupplyEIA +5

Russia Ranked World's Second Largest Producer of Crude Oil

Russia Named as One of the Top Two Countries in Crude Oil Production Crude oil, also known as "black gold," is an unrefined petroleum product that is found naturally around the world. It is refined to create a wide range of products including gasoline, diesel, and a variety of petrochemicals. It ...

Ruslan Baisarov - Tuva Energy Industrial Corp.


Posted 2 months agoOpinion > OilRussiaProduction +4

This Week in Petroleum

Oil company finding costs reached a 10-year low in 2018 In 2018, a group of the world's largest crude oil and natural gas producers added more hydrocarbons to their resource base than in any year since at least 2009, according to the annual reports of 116 exploration and production (E&P) companies ...

Hui Shan


Posted 2 months agoOpinion > CrudeOilDrilling +4

EIA’s new liquids pipeline projects database shows new U.S. crude oil pipeline capacity

Source:  U.S. Energy Information Administration  liquids pipeline projects database EIA recently launched a new  liquids pipeline projects database  that tracks more than 200 crude oil, hydrocarbon gas liquids (HGL), and petroleum products pipeline projects. Rising domestic crude oil productio ...

Hui Shan


Posted 2 months agoOpinion > ProductionsupplyPipelines +8

Serica Energy partner with IT specialists Sword to support their asset transition journey

In recent years, the UK oil and gas industry has undergone some major changes.  As fields mature and margins reduce for the big producers, smaller independent companies have been stepping in to operate assets more efficiently and extend the life of fields in line with the government's strategy to ...

Michelle King


Posted 6 months agoPress > North SeaOil & GasEnergy +8

Pragma’s Downhole Steam Injection Valve Takes the Next Step Towards North Sea Reality

Aberdeen-based oil and gas production technology business, Pragma Well Technology (‘Pragma'), has been given the green light by Pharis Energy and OGTC to progress with the manufacture and prototype testing of their Downhole Steam Injection Valve (‘DSIV') following a successful feasibility study. ...

Debbie Simpson


Posted 7 months agoPress > North SeaSteam-floodPharis Energy +9

Auditing in the Exploration & Production Industry

This is an intensive 5 day training programme designed to improve and enhance the skills of personnel involved in auditing upstream exploration and production activities, concentrating on aspects of auditing that are unique to this industry. What you will learn how to apply a structured method ...

MDT International - MDT International Ltd


Dubai   Dubai   AE 31 Mar 2019


Posted 7 months agoTraining > trainingAuditupstream +9

Exploration & Production Accounting Level 3

This 5 day advanced, highly interactive workshop in which delegates work in small teams to explore and analyse wide-ranging financial scenarios based on the realistic, computer-based simulation of various international exploration and production activities. What you will learn how to carry out a ...

MDT International - MDT International Ltd


Dubai   Dubai   AE 24 Mar 2019


Posted 7 months agoTraining > advanced trainingworkshopexploration +9

Exploration & Production Accounting Level 2

This 5 day course aims to raise to an intermediate level your knowledge and understanding of E&P finance and accounting concepts. International practices and current developments across a range of relevant topics will be examined. On completion, you will be able to constructively challenge and adv ...

MDT International - MDT International Ltd


Dubai   Dubai   AE 17 Mar 2019


Posted 7 months agoTraining > explorationProductionAccounting +10

6th Annual OWI EU Conference 2019, Aberdeen

Europe's leading Offshore Well Intervention conference returns to Aberdeen for its sixth year on 16 th – 18 th April 2019 at DoubleTree by Hilton Hotel Aberdeen Treetops , Scotland. Featuring OGA (Oil and Gas Authority), Shell UK Ltd., Repsol Sinopec UK Ltd. and ConocoPhillips, the conference ...

Abigail Clifton


  Scotland   GB 16 Apr 2019


Posted 7 months agoEvent > Wellswells managementNorth Sea +41

OWI EU Conference Returns for 2019

Europe's leading Offshore Well Intervention conference, OWI EU, is returning to Aberdeen for its sixth year this April 2019, with support from OGA (Oil and Gas Authority), Shell UK Ltd., Repsol Sinopec UK Ltd. and ConocoPhillips, to name a few. More than 350 delegates, including 100+ operators, ...

Abigail Clifton


Posted 7 months agoPress > wellWellsintervention +39

Exploration & Production Accounting Level 1

This introductory-level course provides a comprehensive overview of international accounting and finance practices in the E&P industry. It is particularly suitable for finance personnel who are new to the oil and gas industry, or want to gain a broader understanding of oil and gas financial policy, ...

MDT International - MDT International Ltd


Dubai   Dubai   AE 12 Mar 2019


Posted 7 months agoTraining > InternationalAccountingexploration +9