Category: Hydrocarbon
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New Oil Discoveries
On 13th January 2017, ConocoPhillips Alaskan unit announced a big discovery in Alaska. The Willow discovery lies in the COP’s Greater Mooses Tooth (“GMT”) unit and consists of two wells which encountered 72 feet and 42 feet of net pay. 3-D seismic appraisal work will start this month, however initial estimates indicate the discovery could contain […]
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The Journey to $60/bbl and Market Balance
Oil price has continued to rally as a result of OPEC and non OPEC nations first ever agreement since 2001 to jointly cut down on oil production by about 1.8 million bbl/day; 1.2millon barrels from OPEC nations and 558,000 barrels/day from Non-OPEC nations starting January, 2017.
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ENERGY
BIOMASS GEOTHERMAL HYDROCARBON HYDROPOWER NUCLEAR SOLAR/ELECTRIC WINDPOWER
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BP Drops Drilling Programme in the Great Australian Bight
BP has ditched its exploration drilling programme in the Great Australian Bight (GAB), a large open bay, off the central and western portions of the southern coastline of mainland Australia. The London-based oil and gas giant said the decision was taken following a review of its upstream strategy, according to which it would focus only […]
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Weatherford introduces Compact formation sampler
HOUSTON — Weatherford has announced the official launch of its Compact formation sampler. The slim-profile wireline tool can capture up to three 700-cc samples in a wide range of borehole sizes. The size of the Compact formation sampler distinguishes it from other pressure, volume and temperature (PVT) samplers on the market. The slim profile enables […]
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Baker Hughes to partner with Venezuelan contractor to tap Orinoco belt
Y&V Group, the only Venezuelan contractor selected to participate in a multi-billion-dollar drilling project in the country’s Orinoco belt, is relying on an alliance with Baker Hughes to start drilling more than 200 wells.
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Cold Stacking of High-Tech, Deepwater Drillships
In a far corner of the Caribbean Sea, billions of dollars worth of the world’s finest oil equipment bobs quietly in the water.
