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Liberty Oilfield Posts Quarterly Loss; Forecasts Frac Fleet Growth

2020-10-27 23:00:00| OGI

Liberty Oilfield Services reported a smaller-than-expected quarterly loss on Oct. 27 and forecast sequential growth in active frac fleets, as producers restore oil volumes, driven by an uptick in prices.

Tags: posts loss growth quarterly

 

The Business Case for Oilfield Electrification

2020-10-01 17:00:00| OGI

Electrification opens a world of opportunity to improve operations, including lower LOE, de-risking, ESG benefits and more. 

Tags: business case oilfield business case

 
 

Lundin Energy Raises Norways Grieg Oilfield Reserve Estimate

2020-09-29 15:10:51| OGI

Lundin Energy has raised its reserve estimate for Norways Edvard Grieg oil field by 50 million barrels of crude, an increase of 17%, and boosted output plans for the coming years, the Swedish company said on Sept 29.

Tags: energy reserve estimate raises

 

Equinor Plans $2 Billion Breidablikk Oilfield Development

2020-09-28 15:22:50| OGI

The field is estimated to contain some 200 million barrels of oil and is scheduled to begin output in the first half of 2024, Equinor said.

Tags: development plans billion oilfield

 

Kongsberg Advances Virtual Oilfield Tech with Digital Twin Software Debut

2020-09-24 18:14:40| OGI

The software produces a virtual replica of facilities, improving oil and gas operators situational awareness and business decisions in real time, Kongsberg Digital President Hege Skryseth says.

Tags: software digital tech virtual

 

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