Tag: oil

Weir Oil & Gas Opens Midland Customer Service Center

Weir Oil & Gas announced the opening of its new 92,000 square-foot Midland Customer Service Center, located at the David Mims Business Park on Interstate 20 in Midland, Texas, with a grand opening ceremony that is taking place from 8:30 to 10:30 a.

ExxonMobil Adds 4.5 Billion Barrels to Reserves

Exxon Mobil Corporation has said it has added 4.5 billion oil-equivalent barrels of proved oil and gas reserves in 2018, replacing 313 percent of the year’s production.

ExxonMobil Begins Drilling New Well

ExxonMobil has announced that the drilling of the first of two planned wells offshore Guyana has begun. The Haimara-1 exploration well, located 19 miles (31 km) east of the Pluma-1 discover in southeast Stabroek Block, is being drilled by the Stena Carron drillship, with the Noble Tom Madden drillship expected to drill the second well.

Phase One a Success for Pulse Oil Project

Pulse Oil Corp. has announced the completion of phase one of the Bigoray Enhanced Oil Recovery (EOR) Modelling Project.

Attractive Upstream Valve Sales Opportunities

The upstream oil & gas industry suffered significant setbacks in 2015 and 2016, following the collapse of crude oil prices that had begun in mid-2014.

Texas Crude Oil Export Terminal in Development

Enterprise Products Partners L.P. announced that it is planning to develop an offshore crude oil export terminal off the Texas Gulf Coast.

Permian basin oil production on the rise

According to a new outlook by IHS Markit, oil production in the Permian basin is projected to rise nearly 3 MMbpd by 2023—a level of growth exceeding most recent estimates.

U.S. adds 38 percent more oil and gas rigs

According to S&P Global Platts Analytics, the number of oil and gas rigs in the U.S. has increased an astonishing 38 percent over the past year.

GenOil & Grupo Roales join to develop oil projects

The companies GenOil and Grupo Roales Mexico have announced that they have formed a 10-year alliance and partnership agreement to jointly engage in bids and develop projects in Mexico.

Mexico announces onshore oil discovery

Petroleos Mexicanos (Pemex) announced its biggest onshore discovery in 15 years, just three months after Mexico reported the first major find by private companies, bolstering the nation’s efforts to revive its oil industry.