RSS

Drilling & Exploration

New project will reduce annual heavy-haul truck trips by 250,000. Read more

Maintenance & Reliability

Global, integrated refining/ petrochemical companies typically earn about $8.50 per barrel of refined crude oil. Read more

Refining & Petrochemical Processing

The prolific shale basin in Texas and parts of New Mexico in the US has reached new heights in terms of the number of fracked wells – both on a daily basis and in terms of absolute monthly wells. Read more

Drilling & Exploration

A handful of industry insiders have recently speculated that the Permian may be on its way out, noting that well productivity in the Permian is declining. In fact, the truth is quite the opposite. Read more

Drilling & Exploration

BP and Eni today signed an exploration and production sharing agreement (EPSA) for Block 77 in central Oman with the Ministry of Oil and Gas of the Sultanate of Oman. Read more

Drilling & Exploration

The deal marks the first acquisition of a U.S. shale gas developer by a Japanese company. Read more

M&A/Investment

More than half the daily crude production in the U.S. Gulf of Mexico remained offline on Tuesday in the wake of Hurricane Barry, the U.S. drilling regulator said, as most oil companies were re-staffing facilities to resume production. Read more

Drilling & Exploration

We estimate an indicative size of 2 trillion cubic feet, making this the 7th largest global discovery of the year. Read more

Upstream

As of the end of May 2019, Colorado had about 40,000 active oil and natural gas wells. Read more

Drilling & Exploration

Russia became the largest crude oil supplier to China in May, supported by robust demand from private refiners and alongside a fall in supplies from Iran. Read more

Drilling & Exploration

U.S. oil output from seven major shale formations is expected to rise by about 70,000 bpd in July to a record 8.52 million bpd. Read more

Drilling & Exploration

Equinor and Barra Energia (“Barra”) have completed their transaction announced on 4 July 2018, whereby Equinor has acquired Barra's 10% interest in the BM-S-8 block in Brazil's Santos basin for a total consideration of USD 379 million. Read more

Upstream

Energy major Total said its new supercomputer - which has propelled it to a world ranking as the most powerful computer in the sector - will enable its geologists to find oil faster, cheaper and with a better success rate. Read more

Engineering, Procurement & Construction

Equinor and its partners Ineos E&P and Faroe Petroleum have made an oil and gas discovery in exploration well Snadd Outer Outer/Black Vulture in production licence 159B in the Norwegian Sea. Read more

Drilling & Exploration

Comstock Resources tightened its grip on the Haynesville basin with a US$2.2 billion cash-and-stock deal to buy privately-held Covey Park. Read more

Drilling & Exploration

API President and CEO Mike Sommers believes "we've only scratched the surface of the opportunity" in the U.S. energy industry. Read more

Current Issue

Wells drilled horizontally into tight oil and shale gas formations continue to account for an increasing share of crude oil and natural gas production in the United States. Read more

Drilling & Exploration

The Association of International Petroleum Negotiators (AIPN) International Petroleum Summit, held in Houston this week, focused on a number of themes which will help companies determine a strategy for the years ahead. Read more

Drilling & Exploration

Global energy investment stabilised in 2018, ending three consecutive years of decline, as capital spending on oil, gas and coal supply bounced back while investment stalled for energy efficiency and renewables. Read more

Commodities

U.S. shale operators are on course to increase oil production significantly in 2019. Read more

Drilling & Exploration

Subscribe to our mailing list

* indicates required
BIC Magazine Enewsletters
Recruiting