Tag: production

New production targets set by OPEC (Organization of the Petroleum Exporting Countries) to accelerate the oil market rebalancing will take effect from January 2017.

Shell recently announced that it has completed a major growth project at its Scotford Refinery near Edmonton, Alberta, that will increase hydrocracker production capacity by 20 percent.

A Texas-based oil and gas company has reached a USD $430 million deal that will clear the way for more production in southeastern New Mexico.

Humphrey Products, headquartered in Kalamazoo, Michigan, has introduced the latest product within the company’s ProControl family, the PCD proportional valve driver.

Shell has started production from the Stones development in the Gulf of Mexico. Stones is expected to produce around 50,000 barrels of oil equivalent per day (boe/d) when fully ramped up at the end of 2017.

Mexico's Grupo IDESA, along with its Canadian partner, expects to start extracting barrels of crude from the Tecolutla field within months of signing a contract with Mexico's oil regulator, IDESA's chief executive officer said on Friday.

The US Energy Information Administration (EIA) projects that US petroleum and other liquid fuels production - which in addition to crude oil and condensate production includes natural gas plant liquids derived from natural gas processing as well as biofuels and volume gain at refineries - is to grow from 14.

Erin Energy Corporation, an American oil and gas exploration company, has announced the Island Constructor light well intervention (LWI) vessel has successfully completed work on the Oyo-8 well and the Company has resumed production from the well.

GDP in the US decreased at an annual rate of 0.7 percent during the first quarter of 2015, according to the second estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 2.

The Federal Reserve Bank of Dallas’ Texas Manufacturing Outlook Survey has revealed that the Texas factory activity declined this past April. The production index, which is a key measure of state manufacturing conditions, has posted a reading of -4.