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The $20.7-billion agreement is the single-largest energy infrastructure investment in the region. The most recent hydrocarbon production boom is under way in the Middle East, and this time, the race is spilling into offshore waters. The companies will focus on research and development to reduce CO2 emissions and promote the circular economy. ADNOC’s drilling subsidiary has increased its rig fleet to 95 and plans to add “dozens” more by 2025. The upgrade project will increase the maturing field’s oil production to 485,000 B/D.
The $20.7-billion agreement is the single-largest energy infrastructure investment in the region. In 2 months, the US saw a 56% decline in rig count, reaching a 33-year low. There are numerous views of what the future energy landscape will look like in the next decade and beyond. When thinking about sources of primary energy, it is not a question of either/or, it is a question of what can reach scale fast enough to meet continued demand growth. Not everybody suffers when US oil producers slash production.
The $20.7-billion agreement is the single-largest energy infrastructure investment in the region. Hear first-hand from the first-ever Cheif Technology Officer at the Abu Dhabi National Oil Company, Alan Nelson, about the integrated operator's digital transformation strategy. The companies will focus on research and development to reduce CO2 emissions and promote the circular economy. ADNOC’s drilling subsidiary has increased its rig fleet to 95 and plans to add “dozens” more by 2025. The upgrade project will increase the maturing field’s oil production to 485,000 B/D.
World energy is at a “pivotal moment,” says BP CEO in annual statistical review, which reveals contrasts, challenges in energy consumption, production, and emissions. COVID-19 will fundamentally affect the world’s energy systems and the pace and direction of global transition. The WEC identified a three-stage, respond-rebuild-recreate model being adopted by energy companies in response to the pandemic. The first interdisciplinary oil and gas conference to be held in Saudi Arabia, the 12th International Petroleum Technology Conference, was the largest in its history in attendance. This features highlights of the panel and technical sessions, and an interview with Saudi Aramco CEO Amin Nasser.
The Federal Reserve Bank of Dallas’ quarterly survey of operators and service companies shows an industry still confident in its near-term growth prospects. However, concerns remain about a number of issues, ranging from the steel tariffs to crude oil price differentials in the Permian. Energy activity has shown solid expansion, but to increase drilling, companies need a higher average oil price compared to last year’s surveys, reflecting a steady increase since 2Q and 4Q in 2017. The ability to find workers and limited pipeline capacity could limit near-term growth. Aggressive drilling growth in the Permian and other shale plays belies the cost of those wells, which in many cases are in the red.
A former technical manager with Petrobras discusses the development of the company’s flow assurance philosophies and strategies. This paper illustrates a numerical approach to estimate the deposition profile of precipitated wax crystals and its effect on flow-related parameters in pipelines. Options for avoiding these issues are also explored. Systematic experimental and modeling approaches to designing a safe operating strategy for a 5-km deepwater-subsea-flowline case study are presented to address unplanned shutdown and restart events for waxy-crude production.