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Three Ways to Reduce Operating Costs for Increased Reserves

2021-08-24 19:00:00| OGI

Managing wells is an extremely costly endeavor, so operators are looking for ways to cut costs as they expand their businesses.

Tags: costs ways increased operating

 

Report Shows Big Oils Proved Reserves Dwindling

2021-05-06 21:50:00| OGI

The drop, according to Norway-headquartered Rystad Energy, could result in oil reserves running out within 15 years if large commercial discoveries are not made quickly.

Tags: report big shows proved

 
 

Shell Plays Down Risk of Stranded Oil, Gas Reserves

2021-04-15 14:55:11| OGI

Shell said in a document to investors summarizing its climate strategy that about 75% of its proved oil and gas reserves will be produced by 2030.

Tags: risk gas oil plays

 

Chinas CNOOC Records over 101 Bcm Gas Reserves in Shanxi

2021-03-01 15:10:08| OGI

Located at the eastern edge of Ordos Basin, the Linxing tight gas field produced an average of more than 5 million cubic meters gas in 2020.

Tags: records gas reserves shanxi

 

Exxon Mobils Total Reserves Fall after COVID-19 Oil Price Drop

2021-02-25 14:58:42| OGI

Total reserves for all products fell to 15.2 billion barrels at the end of 2020.

Tags: total price fall oil

 

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