Occidental Petroleum

The world produces vast volumes of carbon dioxide, and CO₂-EOR is one of the best-established techniques for increasing oil production. Despite this, its use remains limited because of economic, logistical, and operational challenges.

The firm's first-quarter rankings evaluate drilling performance across multiple measures, including total drilled measured depth.

Saipem has launched offshore operations in Suriname, while Repsol is expanding exploration efforts in Venezuela and partnering with MOL Group and TPAO in the Mediterranean. Petronas, Shell, and Murphy Oil reported new discoveries in Suriname, Namibia, and Côte d’Ivoire, respectively, as Occidental acquired a stake offshore Trinidad and Tobago and BP began gas producti…

New insights from Chevron, Occidental Petroleum, and others at the SPE Improved Oil Recovery Conference highlight the different paths companies are using to squeeze more out of tight rocks.

Co-owner Chevron confirmed the find at the Bandit prospect offshore Louisiana and suggested it may become a subsea tieback to existing faciltiies operated by Occidental Petroleum.

Technology and partnerships remain important, while phased approaches may supplant lengthy appraisal programs, experts said during CERAWeek.

In this study, forward simulation is executed by a commercial reservoir simulator while external code is developed for backward calculations.

The tools to reduce flaring are well within reach, but the results will depend on a long-term commitment by operators and governments.

The new assessment also estimates 28.3 Tcf of technically recoverable gas in the Woodford and Barnett shales.

Even as output hits record highs, a growing recognition of the Permian’s maturity is opening the door for new technologies to improve performance.