Black Mountain Oil & Gas的动态

An oil production breakthrough which will reportedly enable the safe exploration of ultra-high pressure fields could put up to 5 billion barrels of previously inaccessible crude into production, with new drillships and equipment employed by the oil industry. #crude #production #oil #exploration

Offshore drillers endured a tough decade as many outfits filed for bankruptcy between 2014 and 2016 with oil prices collapsing as U.S. shale production boomed. Clarksons Offshore Index is projected to reach an all-time high in 2024. WoodMackenzie: Deepwater oil and gas production is set to increase by 60% by 2030, to contribute 8% of overall upstream production.

With peak oil a possibility this decade, does it make sense for New Zealand to be re-opening our waters to oil drilling? Read what He Kaupapa Hononga Advisory Group member, Dr Jen Purdie, has to say in her recent article in The Conversation: https://lnkd.in/d4FeDHY4

?????????????? ???????????????? ??????????: ???????????????? ???????????????????? ???? ?????? ???????????????????????????? In the evolving landscape of U.S. oil logistics, significant shifts are happening. Top executives from major pipeline companies have made it clear at a recent energy conference in Houston: no new oil pipelines are planned for the Permian Basin. This decision stems from subdued volume growth and the high hurdles of constructing new pipelines. Instead, companies like Enbridge are ramping up the capacity of existing pipelines, with plans to expand the Gray Oak pipeline by up to 120,000 barrels per day by 2026. Meanwhile, Enterprise Products Partners is considering converting a natural gas liquids pipeline to handle crude oil. Deepwater oil export projects like the Sea Port Oil Terminal (SPOT) are also hitting snags, facing regulatory delays and a tepid customer base despite the strategic benefits they promise on paper. This cautious approach reflects a broader industry trend: U.S. shale producers maintain disciplined production levels to avoid price crashes, signaling a mature phase of operational strategy where growth is carefully measured and infrastructure is maximized rather than expanded. #EnergyIndustry #OilAndGas #PipelineInfrastructure #USOilProduction #BusinessStrategy https://lnkd.in/g_fThzby

An oil production breakthrough that producers say can safely tap ultra-high pressure fields could put up to 5 billion barrels of previously inaccessible crude into production, analysts said. Chevron on Monday disclosed it had?pumped first oil?from a field at 20,000 pounds per square inch pressures, a third greater than any prior well. Its $5.7 billion Anchor project employs specially designed equipment from NOV, opens new tab, Dril-Quip, opens new tab and drillships from Transocean. The No. 2 U.S. oil firm began pumping from the first Anchor well on Sunday, with the second already drilled and close to being ready to turn on, said Bruce Niemeyer, head of Americas oil exploration and production. A 2010 blowout at Gulf of Mexico's Macondo prospect killed 11 workers, fouled fisheries and covered area beaches in oil. #USA #Gulf #of #Mexico #production #breakthrough #opens #new #opportunity #to #extract #billions #of #barrels #of #inaccessible #crude #oil

Have you ever heard of a well with multiple branches? That's the magic of multilateral wells in oil drilling! Imagine a single wellbore that extends like a tree trunk, then splits into several lateral branches reaching out to different oil pockets. This innovative technique is a game-changer for oil exploration, allowing us to tap into multiple reservoirs from a single location, maximizing production and reducing drilling costs. Additionally, these lateral branches can extend further than traditional wells, increasing wellbore reach and accessing previously unreachable oil deposits. However, these technological marvels aren't without challenges. Drilling these complex structures requires specialized equipment and expertise. Additionally, managing production flow from multiple branches can be intricate. Despite these hurdles, multilateral wells are a game-changer in oil exploration, particularly in: ?? Complex geological formations: When oil pockets are scattered, multilaterals offer efficient extraction. ?? Mature oilfields: They can revitalize production by accessing untapped reserves. ?? Offshore drilling: Reducing the number of well platforms minimizes environmental impact. MJ Logs - The Best Source for Raster Well Logs and LAS ?? mjlogs.com #MJLogs #WellLogging #Oil #Gas #Energy #Innovation #OilProduction #WellLogging #OilWell

Great Expectations in the Uinta Basin Over the last two years, Utah’s Uinta has re-emerged as a prolific oil basin whose stacked plays and overall economics solidly compete with those in the Permian. But transportation of its premium-priced waxy crude to hungry refineries has long been a hitch in the basin’s giddy-up. Can’t pipeline it. Can’t Fed-X it. Moving Uinta output is solely dependent on rail and truck, and producers are counting on a SCOTUS win of the proposed 88-mile Uinta Basin Railway in a case the court is now weighing. For producers, an added railroad could quintuple volumes flowing out of the region. For newcomers making their entry into the Unita, that train can’t arrive fast enough. Reese Energy Consulting today is following the latest on Denver-based SM Energy Company, which made a grand entrance into the Uinta last June. SM, which also operates 111,000 net acres in the Permian Midland and 155,000 in the Eagle Ford and Austin Chalk, coupled up with NOG - Northern Oil & Gas, Inc. (NYSE: NOG) to buy Houston-based XCL Resources, a pure-play Uinta operator. The $2.55 billion deal included 63,300 net acres and 43 MBOED (87% oil). In its recently announced 3Q earnings release, SM says it expects a 25% bump in 4Q total production due to its XCL acquisition, which would increase its current 170 MBOED to as much as 220 MBOED. SM reported $644 million in 3Q revenues and nearly $241 million in profit. What do you think? Learn more about REC and our crude oil, natural gas, NGL, and LNG marketing services at https://lnkd.in/ewhkGFa. For more info about our new online natural gas training courses, visit us at https://lnkd.in/ggd3UkJM.

GLOBAL INITIATIVES AND LESSONS FROM LOCAL CONTENT Petroleum resources are usually held in underground or sea basins. For administration and extraction purposes, these basins are generally divided into geographic plots or blocks. The rights or licenses to explore and develop these blocks are usually granted by Petroleum Producing Countries (PPCs) to International Exploration and Production Companies or National Oil Companies (NOCs), either at their discretion or after a competitive bidding process.?The companies to which these Exploration and Production rights are granted may be referred to as 'concessionaires' or, in some cases, as Operators or Contractors. However, these dealerships do not work alone. From the beginning of exploration activities to the point of extraction, production, transport and eventual abandonment of the concession, the concessionaires require the assistance of several service and supply companies that operate as subcontractors, under their coordination. In other words, although established companies, such as Shell or Exxon Mobil, focus on their core oil and gas production mandate, they definitely require 'external support' in areas such as manufacturing, construction and engineering, from supply companies and services. This mean, that they make important investment and operational decisions when awarding contracts to these supply and service companies. For example, in order to explore an oil block, a concessionaire may need external?support in the collection of seismic data, as well as drilling and field assessments. Offshore companies may also require flotation, production, storage and flotation facilities, as well as external support in laying cables and underground pipelines. Field operation and production services, such as services, facility rental, operations and maintenance, may also be required from third parties. Other ancillary services required by concessionaires in their operations include: banks, law, insurance, catering and transportation services. These contracts usually cost billions of dollars in payment for services rendered, as well as for equipment that would need to be manufactured or purchased. Therefore, it is understandable that a host country wishing to optimize the benefits associated with its oil industry seeks to ensure that a large part of these contracts are executed locally by indigenous or local companies. ? The irony is that they are International Oil Companies (IOCs), especially companies like Shell, Total, Exxon Mobil, Chevron etc., which are domiciled mainly in America and Europe, dominate the oil industries of several host countries .....more information in the book below which can be obtained on the Amazon platform through the link https://lnkd.in/d9swJ_fz

Prospera Energy continues medium-oil development: Prospera completed a 4-well drilling program in Alberta’s medium-light oil fairway. Geophysical logs confirmed oil-bearing reservoirs in all three deviated wells. The first horizontal well encountered eight hundred meters of porous reservoirs with oil shows in the lateral section. This horizontal well test showed strong inflow of over 50 m3/d of fluid at 50% oil cuts. Oil quality is 26–30 degree API. Three new oil pools have been discovered to date, and the next phase of operations will focus on bringing these wells into production.