Oil & gas news

According to EIA, An average of 13.4 million bpd of crude oil was produced in the United States during August 2024, a new record according to data from EIA.

Kent, a provider of engineering and project management services in the energy sector, has been awarded a contract for engineering services by BASF to support the company’s gas treatment initiatives in the UAE.

Glamox wins smart lighting contracts for new hi-tech North Sea oil and gas platforms.

This agreement builds on the successful joint venture in Kazakhstan, where MOL, KMG and Sinopec from China have been producing gas and gas condensate at the Rozhkovskoye field.

Cameron Devers, Tyler Abla, and Gage Russell, Taurex Drill Bits, USA, delve into the use of computer vision for PDC cutter damage classification, demonstrating how advanced image analysis is transforming the field.

DeepOcean said the eight year contract will set a new benchmark for digitalised and environmentally friendly IMR operations.

Global oil and gas contract value declines despite steady volume in 3Q24, reveals GlobalData.

DUG Technology has announced a new partnership with PetroVision aimed at promoting and delivering specialised seismic data processing solutions in Nigeria.

The technology will debut at the SPE/ICoTA 30th European Well Intervention Conference, supporting the event’s “Empowering Tomorrow” theme.

The EIA has reported that monthly average natural gas spot prices at northwestern US and western Canada border pricing hubs reached historic lows in 2024 through October, according to data from Natural Gas Intelligence. Robust natural gas production in western Canada, where output has generally increased over the last two years, and high natural gas inventories in the region contributed to the low prices.