Production

Permian Oil Production Could Soon Reach 5.4 Million B/D

Matt Zborowski, Technology Writer | 13 June 2018 Topics: Onshore Petroleum economics/production forecasting Anadarko operations in the Permian Basin. Source: Anadarko. Permian takeaway capacity oil production ihs markit A glut of Permian crude is resulting in takeaway constraints and discounted Midland spot prices, but those issues will serve as mere bumps in the road for basin-wide production growth into the

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Rising Tide of Produced Water Could Pinch Permian Growth

Stephen Rassenfoss, JPT Emerging Technology Senior Editor |12 June 2018 Topics: Projects, facilities & construction Getty Images Permian pipelines water injection, trucks As oil production rises in the Permian, the even larger volumes of water from those wells is becoming a pressing problem for many operators, particularly those drilling in the wetter western half of the basin. Over time the

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Shell starts-up production at Kaikias

01 June, 2018 Anglo-Dutch major Shell has started up production at its US Gulf of Mexico Kaikias development, almost one year ahead of schedule. Shell announced a final investment decision for the project at the beginning of 2017 and has since gone on to reduce costs by 30%. The development now has a break-even price of less the US$30 (£22)

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Gazprom and Uzbekneftegaz to continue joint gas production at Shakhpakhty field

May 25, 2018, 15:10 Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee, and Alisher Sultanov, Deputy Prime Minister of the Republic of Uzbekistan, Chairman of the Board of Directors of Uzbekneftegaz, today signed at the St. Petersburg International Economic Forum 2018 the Supplementary Agreement No. 2 to the Production Sharing Agreement for the follow-up development of the Shakhpakhty field. The document was signed in the presence of Alexey Miller, Chairman of the

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Iran to increase Oil Output from Azar, South Azadegan Oilfields

2018-05-15 TEHRAN (NIOC) _ The CEO of the Petroleum Engineering and Development Company (PEDEC) says the company is planning to ramp up crude oil production from the joint Azar and South Azadegan oilfields during the current Iranian calendar year which began on March 21. Noureddin Shahnazizadeh said production of crude oil from South Azadegan will reach 170,000 b/d and Azar’s

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Agreement to Execute Further Development of Garraf Oil Field to Increase Production

Note: The following press release is an English translation of the Japanese-language original April 3, 2018 Company Name: Japan Petroleum Exploration Co., Ltd. (JAPEX) Representative: Hideichi Okada, President Security Code: 1662 (First Section of Tokyo Stock Exchange) Inquiries: Media and Investor Relations Dept. Tel.: +81-3-6268-7110 Agreement to Execute Further Development of Garraf Oil Field to Increase Production Japan Petroleum Exploration

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Record-High Natural Gas And Oil Production, Rising Wages, And New Tax Law To Fuel Hundreds Of Millions Of Extra Dollars Into Colorado’s State Budget

DENVER, April 3, 2018 – Natural gas and oil production is a top contributor to Colorado’s general fund – a portion of the state budget. Next fiscal year’s revenue increases could top ten percent, up to $12.5 billion, according to the latest economic and revenue forecast by the Legislative Council. “Innovations in the natural gas and oil industry are increasing

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China’s first shale gas field hits 10 bcm/year

2018-03-29 Fuling shale gas field (Photo/Song Guoliang) China’s first shale gas field Fuling has built up an annual capacity of 10 billion cubic meters, Dai Houliang, Vice Chairman & President of Sinopec Corp. said at a news conference in Hong Kong when Sinopec Corp. announced its 2017 annual results on March 26. The Fuling shale gas field, developed by Sinopec

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Production Starts Up at Timimoun Gas Field in Algeria

2018/03/29 Paris – Total announces first gas from the Timimoun field in southwestern Algeria. The production complex with a capacity of around 5 million cubic meters of natural gas per day at plateau (around 30,000 barrels of oil equivalent per day (boe/d)), is jointly operated by Sonatrach (51%), Total (37.75%) and Cepsa (11.25%). “The launch of Timimoun is a new

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Statoil presents Annual and Sustainability reports for 2017

Today 23 March, Statoil (OSE:STL, NYSE: STO) is presenting its Annual Report and Form 20-F for the year ended 2017, and its sustainability report. In 2017, Statoil delivered record high equity production of 2.080 million barrels of oil equivalent per day and an underlying production growth of more than 6%, driven by continued strong operational performance and new fields starting

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Oil and natural gas production in February

21.MAR.2018 Petrobras reports that its total oil and natural gas production in February was 2.69 million barrels of oil equivalent per day (boed), with 2.59 million boed produced in Brazil and 99 thousand boed produced abroad. Total production operated by the company (portions of Petrobras and partners) was 3.32 million boed, with 3.19 million boed in Brazil. The average oil

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Oil and gas production prospects in Central & South America: IOGP and ARPEL report

Growing indigenous demand means that Central and South America are on the brink of becoming net importers of oil and gas unless the region attracts more investment.  Fortunately, given the geological potential and increasingly equitable tax and fiscal regimes in most countries, the future looks promising. That is the main message in a new IOGP Global Energy Brief (GEB) –

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CNOOC Limited Announces Weizhou 6-13 Oilfield Commences Production

(Hong Kong, March 20, 2018) – CNOOC Limited (the “Company”, SEHK: 00883, NYSE: CEO, TSX: CNU) announced today that Weizhou 6-13 oilfield has commenced production ahead of schedule. Weizhou 6-13 oilfield is located in Beibu Gulf in the South China Sea with an average water depth of approximately 35 meters. In addition to fully utilizing the existing facilities of Weizhou

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Egypt Agiba reaches historic production milestone in Western Desert area

San Donato Milanese (Milan), 15 March 2018 – Eni announces that the cumulative oil production of AGIBA, the operating joint venture company between Eni’s subsidiary IEOC Production BV and Egyptian General Petroleum Corporation (EGPC), has reached 500 million barrels today. AGIBA is active since 1981 with operations mainly focused in Eni’s oil and gas concessions located in the Western Desert

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IEA Sees No End to US Shale Output Surge

06 March 2018 Topics: Petroleum economics/production forecasting Shale oil OPEC Secretary General Mohammed Barkindo (left) and IEA Executive Director Fatih Birol gave their thoughts on the global oil market at IHS CERAWeek in Houston. Source: IHS CERAWeek. shale IEA oil market OPEC US crude production is projected to surge to 12.1 million B/D by 2023 amid “a second wave” of

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It is Time for Oil Companies To Find Some New Technology

19 February 2018 Getty Images While rising oil prices are offering short-term relief for stressed oil company executives, in the long term their companies could be dead. US production was up by more than 1 million bbl last year. But Dave Pursell, managing director for investment banking in energy technology for Tudor, Pickering, and Holt, said there are cracks showing

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U.S. Crude Oil Production Hits A Record High In January At 10.2 Million Barrels Per Day

WASHINGTON, February 16, 2018 – U.S. crude production rose to 10.2 million barrels per day (MBD) in January – the highest monthly output on record, according to API’s monthly statistical report. This was an increase of 1.1 percent versus December and 15.1 percent from January 2017. “In Olympic fashion, U.S. crude oil production scored a perfect “10” in January,” said

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Latest E&P Jobs

Req ID: R0378 Markit Counterparty Manager (MCPM) is an online platform for institutional investors and other financial institutions to exchange documentation and regulatory data efficiently in a secure environment. Through this platform the users are able to: Electronically manage trading accounts on ISDA, FX and MSFTA master agreements Classify trading entities to amend and share ISDA master agreements Simplify FATCA
Req ID: R1386 Department overview Portfolio Valuations is a multi-contributor validated, fully hosted service that provides independent post-trade OTC derivative valuations to buy-side firms.  The service differentiates itself through its extensive cross-asset dataset encompassing vanilla and exotic derivatives that is used to calibrate and validate its pricing models.  IHS Markit employs established valuation methodologies and quantitative techniques with industry standard
R&D Ballistics Engineer (m/f) DynaEnergetics, Troisdorf, Germany Your Challenge you will be directly involved in R&D and oilfield product development projects from the project conception right up to the commercial launch you will create technical drawings, independently plan and carry out ballistic test programs and also analyze and document the results after completion of the product development you will oversee
Req ID: 89929 Date Posted: 02/06/2018 Singapore – Singapore Summary: IHS Markit is seeking to appoint a high-caliber Director of Consulting to join company’s fast-growing Asia Pacific Power, Gas, Renewables and Coal (APAC PGCR) group to lead its consulting practice. This position offers a significant opportunity to the successful candidate in a highly respected company that is looking for a leader
Date: Feb 4, 2018 Location: Shanghai, 31, CN, 200120 1.On- site Audit  (QMS for new supplier, special process audit, HSE ETC) and Follow-up to close the finding during the first audit 2.Technical Review  for new project: Spec and test method 3.Provide  training of Halliburton Global procedures and processes to new vendor 4.On-site audit according to Global Packing Requirement 5.Resolve Quality
Req ID 86277BR Job category Engineering Countries (State/Region) Western Australia Location Australia – Western Australia – Kwinana Role synopsis BP’s Kwinana Refinery is one of the most modern in the southern hemisphere. It is Western Australia’s only refinery and with a capacity of 146,000 barrels of crude oil per day, it is Australia’s largest. On-going investment in refining technology has
Req ID 87397BR Job category Finance Countries (State/Region) Central Location Malaysia – Central – Kuala Lumpur Role synopsis The Product Executive is accountable to facilitate product line changes implementation, track product network changes and activities related to Streamline processes and managing responsibility of Streamline process effectively & efficiently in the A&P region. The role will provide operational support to deliver
Req ID 87372BR Job category Human Resources Countries (State/Region) South East Location United Kingdom – South East – Sunbury Role synopsis The Resourcing Specialist has primary accountability for partnering with HR Business Partners (‘HRBPs’) and Line Managers to achieve agreed HR People Plan objectives, both personally and through management of the resourcing function in region. This specialist role acts as
Date: Jan 17, 2018 Location: Duncan, OK, US, 73533 We are looking for the right people — people who want to innovate, achieve, grow and lead. We attract and retain the best talent by investing in our employees and empowering them to develop themselves and their careers. Experience the challenges, rewards and opportunity of working for one of the world’s
Date: Jan 4, 2018 Location: Kuyumba, KYA, RU, 629300 We are looking for the right people — people who want to innovate, achieve, grow and lead. We attract and retain the best talent by investing in our employees and empowering them to develop themselves and their careers. Experience the challenges, rewards and opportunity of working for one of the world’s
Date: Dec 21, 2017 Location: Red Deer, AB, CA, T4P 3R4 We are looking for the right people — people who want to innovate, achieve, grow and lead. We attract and retain the best talent by investing in our employees and empowering them to develop themselves and their careers. Experience the challenges, rewards and opportunity of working for one of
Date: Dec 22, 2017 Location: New Plymouth, N, NZ We are looking for the right people — people who want to innovate, achieve, grow and lead. We attract and retain the best talent by investing in our employees and empowering them to develop themselves and their careers. Experience the challenges, rewards and opportunity of working for one of the world’s
Date: Dec 21, 2017 Location: Baku, BA, AZ, AZ1065 We are looking for the right people — people who want to innovate, achieve, grow and lead. We attract and retain the best talent by investing in our employees and empowering them to develop themselves and their careers. Experience the challenges, rewards and opportunity of working for one of the world’s
Date: Dec 20, 2017 Location: Baku, BA, AZ, AZ1065 We are looking for the right people — people who want to innovate, achieve, grow and lead. We attract and retain the best talent by investing in our employees and empowering them to develop themselves and their careers. Experience the challenges, rewards and opportunity of working for one of the world’s
Date: Dec 17, 2017 Location: Mumbai, KA, IN, 400093 We are looking for the right people — people who want to innovate, achieve, grow and lead. We attract and retain the best talent by investing in our employees and empowering them to develop themselves and their careers. Experience the challenges, rewards and opportunity of working for one of the world’s
July 2018
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