The cuts monitored in the sample group were implemented mostly in April and May, and were entirely driven by economic and technical considerations, with operators shutting in lower margin wells while reducing flowback on others
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Libya’s oil blockade is expected to persist further, shrinking upcoming global production glut by 65%
The oil blockade is entering its seventh month, with oil output hovering at 100,000 barrels per day
Zone 1 computer manufacturer provides insight into conditions oil and gas hardware has to withstand
The oilfield provides extreme working conditions for man and machine
Strategic adoption of cloud computing can alleviate oil and gas industry challenges, says GlobalData
Cloud computing is a facilitator for the adoption of other valuable time, money and energy saving technologies, including artificial intelligence and machine learning
Global oil & gas industry M&A deals total $23.95bn in Q2 2020
The value increased 114.2% over the previous quarter, but a drop of 68.8% compared to the previous four-quarter average
Airborne Oil & Gas appoints William de la Motte as chief financial officer
He is based at Airborne Oil & Gas’ headquarters in Ijmuiden in The Netherlands, where it also hosts its 24/7 TCP manufacturing plant
More OPEC+ oil production from August and Covid-19 second wave to create a 4-month supply glut
June was a month when global stocks saw some relief of 2.2 million barrels per day (bpd) of implied oil inventory draws
Eni announces oil discovery and production in Egypt’s South West Meleiha Concession
Eni announces the discovery of new oil resources in the Western Desert of Egypt with a new exploration well in the South West Meleiha Concession. Production in the Concession started just one year ago and is now in excess of 12,000 bopd.
Webinar at 12PM: Oil & gas at a digital tipping point
Don’t forget to register and attend our webinar today for a fascinating discussion between technology experts and a leading national operating company
A mild second wave of Covid-19 is now Rystad Energy’s base case scenario for oil demand
The updated base case scenario assumes a temporary pause in global demand recovery, as the reopening of Europe and other regions is offset by Covid-19 outbursts in populous and high oil-consuming countries in the Americas and Asia such as the United States, Brazil and India