Texas drilling permit and completion statistics are announced
The Railroad Commission of Texas issued a total of 772 original drilling permits in July 2023.
Stay up to date with the latest news and updates from the oil industry.
The Railroad Commission of Texas issued a total of 772 original drilling permits in July 2023.
The company has been awarded two new contracts for E&C offshore activities in Europe, specifically in Romania and in Germany, with a total value of approximately €1.8 billion.
Palantir Foundry will help Azule Energy manage their current 200 000 bpd oil production and support their growth goal of 250 000 bpd.
The digital data system is already used by oil and gas producers, including Shell, Santos, Dacian Petroleum and Niger Delta Petroleum Resources.
EIA expects new milestones for US crude oil production amid sustained global petroleum demand and rising prices.
Baker Hughes flexible pipeline system has been certified as part of an ongoing type approval scheme; the unbonded flexible pipe products first received LR type approval in 1992.
The partners in the Brasse license have agreed a fast-track development concept for the oil and gas discovery, paving the way for detailed design studies to link up with the Brage field. A final investment decision is expected in 2024.
Miros has secured several ‘as a service’ contracts across the global offshore vessel markt with WaveSystem supporting the offshore work.
Longboat Energy has announced the commencement of drilling operations on the Velocette (PL1016) exploration well in Norway.
Abu Dhabi National Oil Company (ADNOC), the State Oil Company of Azerbaijan (SOCAR) and TotalEnergies have announced a strategic transaction that will see ADNOC acquire a 30% equity stake in the Absheron gas and condensate field in the Caspian Sea.
The joint venture is planned as a milestone in subsea production economics, helping customers unlock reserves, reduce time to first oil, lower development costs, and achieve decarbonisation goals.
Gas produced during the ramp-up period is estimated to be approximately 1 800 000 cm3 with 100% of this gas sold to BP Gas Marketing under the 18-month supply agreement.