Production
Trafigura will purchase 100,000 metric tons of battery-grade lithium products under a decade-long take-or-pay contract valued at over $2 billion.
The 2026 Upstream Scale Guidelines establish a common workflow for field measurements, scale modeling, and risk assessment to support more consistent operational decisions.
The long-term outlook analysis says a potential shift toward new construction could push 2026 production 3% above 2025 levels.
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Three onshore fields in the Emirate of Sharjah, United Arab Emirates, have more than 30 years of production history from more than 50 gas-condensate wells. -
Mature brownfields contribute significantly to global oil production. A study of the papers presented during the past year at various SPE conferences reveals continuation of the trend to put in massive effort to minimize decline from mature brownfields.
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Well RXY is located in Cairn’s Ravva offshore field in the Krishna-Godavari Basin in India. One goal for the field was significant crude production by means of a secondary reservoir section.
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This paper presents technologies and best practices to improve oil recovery in mature fields through waterflooding optimization. These technologies have proved practical and cost-effective.
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Creativity and innovation have long characterized production and facilities, and this year is no exception. The economic challenges of the oil industry clearly have provided a strong stimulus for even more creativity and innovation.
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US crude oil production is expanding at an unprecedented rate, but much faster growth will be needed in the next few years to meet the world’s demand if global investment in conventional supply doesn’t pick up, an IEA report indicates.
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Visuray is using its unique X-ray technology to improve downhole imaging.
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The SPE Liquids-Rich Basin Conference in Midland, Texas, merged topics that have dominated recent industry discussions: technologies centered on big data, interwell communication, and Permian Basin production.
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The unit is flowing oil and gas from the Lula Extremo Sul area, 290 km off Rio de Janeiro state in 2150 m of water.
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The new venture will operate several deepwater assets—including the Cascade, Chinook, Medusa, and Thunder Hawk fields.
