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19.08.2019
Gazprom Neft develops supercomputer to create Siberian and Arctic digital field simulations

Gazprom Neft has built a computing cluster in St Petersburg designed to generate digital twins of oil fields. With an intra-node data transmission rate exceeding that of many Russian supercomputers, the new distributed computing system is capable of... More»
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16.08.2019
Zohr Gas Output Increases 3.6 times in H1, up to 11.3 bcm

Courtesy of rosneft.ru The consortium of Eni, Rosneft, BP, and Mubadala Petroleum together with Egyptian oil and gas companies continues the... More»
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14.08.2019
TPU scientists propose a way to make drilling more resistible

Scientists from Tomsk Polytechnic University have developed a technology for an energy-efficient strike-free hydraulic pulse facility that can allow drilling methods much cheaper and much more resistible. More»
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12.08.2019
MODEC unveils “next-gen” FPSO designs

Japanese FPSO specialist MODEC has revealed two new FPSO designs, which it says will fill the need for larger deck space and storage capacity, and longer FPSO design life, among others. More»
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08.08.2019
The No.1 Reason Why Oil Isn’t Trading Over $100

One of the most important questions in the global oil markets revolves around U.S. oil production. There is probably nothing OPEC would like to know more than when U.S. oil production will begin to decline. More»
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07.08.2019
Shale drilling’s worst yet to come, biggest rig owner says

America’s biggest owner of drilling rigs fell the most in seven months after the chief of Helmerich & Payne said he called the bottom too soon. More»
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05.08.2019
Chevron wins U.S. extension to keep producing oil in Venezuela

Chevron and four oil services companies won U.S. government approval to continue producing oil in Venezuela despite sanctions placed on the crisis-stricken country. More»
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02.08.2019
Belorusneft got new customers for drilling and sidetracking

Courtesy of bolorusneft.by The order portfolio of Belorusneft-Siberia LLC is formed according to the results of tenders, in the tough competitive market conditions. The majority of... More»
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01.08.2019
U.S. Shale Is Doomed No Matter What They Do

With financial stress setting in for U.S. shale companies, some are trying to drill their way out of the problem, while others are hoping to boost profitability by cutting costs and implementing spending restraint. Both approaches are riddled with... More»
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30.07.2019
New high-strength “fishbone” well built at Gazprom Neft’s Vostochno-Messoyakhskoye field

Messoyakhaneftegaz has successfully completed construction of a new high-tech horizontal well at the Vostochno-Messoyakhskoye field — the Drilling Difficulty Index (DDI) of this well being among the highest in the industry. More»
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