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US energy-related carbon dioxide emissions declined by 2.8% in 2019 to 5,130 million metric tons, according to data in the US Energy Information Administration’s Monthly Energy Review. Carbon dioxide emissions had increased by 2.9% in 2018, the only annual increase in the past 5 years.
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Video shows a substantial share of oil and gas flares are unlit or faulty, revealing a previously overlooked methane source that could turn out to be one of the region’s biggest.
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The French oil and gas major announced that it plans to achieve net-zero emissions by 2050 for its global business across production and including energy products used by its customers.
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Two discoveries offshore Mexico add to April’s finding in the Norwegian Sea.
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FPSO sanctioning is at a minimum and few opportunities remain for FPSO suppliers to find new work and redeploy their vessels. Suppliers may be forced to accept day rate reductions in order to keep their vessels working.
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Sourcing water, flowback water services threatened as D&Cs decline.
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William Benjamin (Ben) Cline IV, SPE, died 19 April. He was 87. Cline is the cofounder of Gaffney, Cline & Associates, an international oil and gas consultancy. A longstanding SPE member, Cline was a petroleum engineer of many accomplishments, a consummate problem solver, and a mentor and friend to many in the international oil and gas community.
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I suspect that most people’s 2022–2030 strategic planning windows have shifted. Operational and tactical plans and strategies will need to be based on a widely divergent set of assumptions.
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Oil companies large and small have pulled out the stops to stay on solid ground. Devon, Diamondback, and Parsley post latest cuts in production.
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The cementing services market size in the US is expected to drop 50% year-on-year from 2019. The significant drop in Permian Basin activity will account for 40% of the total market size reduction.