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More than half of the oil and gas production in the region is shut in.
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The Eddy State Complex adds 300,000 B/D of recycled produced-water treatment capacity in the northern Delaware Basin. The company said it is on track to recycle 25 million bbl of produced water this year.
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Hurricane Zeta is intensifying as it approaches the US Gulf of Mexico coast of southeastern Louisiana, where it is expected to make landfall around 4 p.m. CST today. View a video of Zeta posted by the US Air Reserve Hurricane Hunters.
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The number of units that have been cold stacked since 2016 are in the double digits. Reactivation costs for these rigs range from $40 million to $100 million. Given current rates and contract durations, most of these are unlikely to return to work.
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Describing it as a “bolt-on” acquisition, the Marcellus Shale producer EQT expects the deal will boost its gas production by 10%.
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The data have been collected and analyzed from more than 18,000 equipment units with failure and maintenance records and includes information on subsea fields with more than 2,000 years of operating experience.
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In his first remarks as SPE President, Tom Blasingame announced that the theme of his tenure is “Survive, Revive, and Thrive.”
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The coronavirus crisis had a devastating effect on oil-company revenues, but it has posed a tough human-resources problem too: how to keep workers safe on cramped rigs at sea where social-distancing is impossible. Many operators have found an answer in technology—specifically, digital twins.
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Evacuations in the GOM began on Monday, but so far nearly 50% of current oil production and 55% of natural gas production in the region is shut-in due to Tropical Storm Zeta.
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The subsea-technology company’s LUMA X subsea wireless communication modem will enable real-time streaming of HD-quality video and 4K images wirelessly through water, allowing the operators of autonomous underwater vehicles to monitor its interventions from its control rooms onshore.
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Engie’s delayed supply contract with NextDecade’s Rio Grande LNG project is for 20 years. FID on the project is expected in 2021.
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British armed forces forcibly boarded and regained control of an oil tanker in the English Channel on the evening of 25 October following a suspected hijacking, according to the UK defense ministry.
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