Perhaps nothing in the last 40 years of upstream technology and innovation can rival the impact that Artificial Intelligence is having on the global oil and gas industry. Many operators and service companies, alike, are looking at ways that A.I. can generate greater productivity and financial gains. A.I. translates massive volumes of geological, drilling and production data […]
bp has started production from its Atlantis expansion project in the U.S. Gulf of America/Mexico, adding approximately 10,000 boed of gross peak annualized production while extending the life of one of the company’s flagship deepwater developments. Located about 150 miles south of New Orleans, the Atlantis field has been producing for nearly two decades. The expansion includes two […]
U.S. shale pioneer Harold Hamm is moving to expand his footprint in Argentina’s Vaca Muerta oil basin, home to the world’s fastest-growing shale boom, according to people familiar with the matter. Hamm’s Continental Resources Inc. is set to compete for shale blocks in an auction managed by Neuquen province where the lion’s share of Vaca Muerta acreage is located, […]
Petrobras increased its oil and natural gas production 14.1% year over year to a record 3.34 MMboed in the second quarter of 2026, driven by the continued ramp-up of major pre-salt developments in the Santos basin and improved operational efficiency across its offshore portfolio. Production also rose 3.4% from the first quarter as the company benefited […]
Shell reported second-quarter adjusted earnings of $9.8 billion, up from $6.9 billion in the first quarter, as stronger upstream performance, higher realized oil and gas prices and record production in Brazil offset operational disruptions in the Middle East. The company generated $21.4 billion in cash flow from operations (CFFO) during the quarter, supported by higher commodity prices […]
Clariant has appointed Gapuma Group as the distributor of its Well Service Additives (WSA) portfolio across Nigeria, Côte d’Ivoire and Ghana, expanding the availability of its specialty oilfield chemicals in key West African upstream markets. Under the agreement, Gapuma will distribute Clariant’s Well Service Additives portfolio through its regional network, including the HOSTADRILL™, HOSTAMER™ and HOSTASTIM™ product families used in […]
Researchers from ExxonMobil Technology and Engineering Company and ExxonMobil Upstream Company have developed a machine learning based gas-lift optimization workflow for unconventional fields that has demonstrated the potential to increase oil production while improving the efficiency of artificial-lift operations.
New Zealand’s government has awarded the first offshore oil and gas exploration license after last year lifting a ban on drilling, put in place by the previous government that wanted to focus on a transition from hydrocarbons to electricity from low-carbon sources.
A consortium of U.S. and Saudi companies is set to build a new refinery in the Persian Gulf despite the current situation in the region. The facility will have a price tag of $5 billion and a capacity of 200,000 barrels of crude oil daily. The consortium, dubbed MERA Oil, includes Texas-based MWG Group, the […]
Singapore-based Keppel Ltd. will progressively monetize up to 10 legacy offshore rigs through a newly established private investment vehicle, Keppel Offshore Fund (KOF), in a move that reflects strengthening fundamentals in the global offshore drilling market.