FPSO (Floating Production, Storage, and Offloading) vessels are floating facilities that receive well fluids, process them to export-spec crude and gas, store stabilized crude, and offload to shuttle ...

The well was drilled to about 22,500 ft and completed in the Niobrara horizon. It featured a 2-mile horizontal leg and was ...

Despite doubling per well output since 2019, the Permian’s rig rate gains are slowing and decline curves are steepening, meaning producers must “run faster to stay in place,” EIA: The U.S. is forecast ...

Saudi Arabia, the de facto leader of the oil cartel, sees advantages in increasing output despite market risks.

NEW YORK/HOUSTON, March 27 (Reuters) - U.S. oil producers are grappling with geological limits to production growth as the country's top oilfield ages and produces more water and gas and less oil - ...