Production
The $100-billion project is widely considered the largest unconventional development outside of the US and is noted by Aramco as the largest nonassociated gas development in the kingdom.
The research facility said it plans to add multiphase-flow-testing capabilities for heavy oil and different viscosities.
The decision keeps the effective tax rate on upstream projects at 78%, prompting new warnings that investments will continue to dwindle in the UK Continental Shelf.
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Updates about global exploration and production activities and developments. -
A collaboration between a large independent and a technology developer used low-cost interventions to optimize production from unconventional wells.
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With inventories swelling and China’s stockpiling nearing its limit, global oil prices may be running out of room to hide.
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SponsoredSince 1997, intelligent completions have transformed reservoir management, but adoption remains limited due to perceived complexity. The industry reached a pivotal moment with the development of next-generation technologies that address longstanding challenges and offer simpler operation solutions.
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Satellite data show nearly 45,000 methane plumes worldwide in the first quarter, triple the number from a year earlier.
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BP’s new electric gas compression platform at Shah Deniz, Azerbaijan’s largest natural gas producer, is expected to sustain exports to Europe even as the field enters decline.
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ExxonMobil joins BP, Chevron, and TotalEnergies in greenlighting new investment projects in Iraq in 2025 as the government targets oil production of 6 million B/D by 2029.
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Liquefied natural gas (LNG) exporters in the US plan to more than double the country’s liquefaction capacity by adding an estimated 13.9 Bcf/D between 2025 and 2029.
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EIA says rising inventories in China have offset downward pressure from growing global supply.
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Two new wells add 15,000 BOE/D of peak capacity to the London-based supermajor's North Sea production profile.
