Post-sanctions Iran advances refinery modernization, expansion program

Iran’s state-owned National Iranian Oil Refining and Distribution Co. (NIORDC), a subsidiary of the country’s Ministry of Petroleum (MOP), is seeking international investors to help complete a long-planned program to increase crude oil and condensate processing capacities and improve the quality of production at the country’s refineries. Source: News


Deepwater key to Mexico’s reforms

Industry participants and observers say the overall success of Mexico’s Round One likely hinges on its deepwater offerings, which are expected to attract widespread bidding despite current low oil prices. Source: News


Deepwater key to Mexico’s reforms

Industry participants and observers say the overall success of Mexico’s Round One likely hinges on its deepwater offerings, which are expected to attract widespread bidding despite current low oil prices. Source: News


Texas Supreme Court rules on post-production costs, royalty payments

Producers calculate oil and gas royalties using a relatively straight-forward formula, but litigation can still arise from any of its variables. The royalty payment equals the royalty owner’s net interest multiplied by the total value of production from a well minus the royalty owner’s share of post-production expenses.  Source: News


Texas Supreme Court rules on post-production costs, royalty payments

Producers calculate oil and gas royalties using a relatively straight-forward formula, but litigation can still arise from any of its variables. The royalty payment equals the royalty owner’s net interest multiplied by the total value of production from a well minus the royalty owner’s share of post-production expenses.  Source: News


Well-kill model forecasts pressure for deepwater horizontal well

Well-control operations using the wait-and-weight method (W&W) in a deepwater horizontal well are harder to implement than in a vertical well. Simulations of well-killing procedures for future projects provide guidance to drilling engineers. Source: News


Well-kill model forecasts pressure for deepwater horizontal well

Well-control operations using the wait-and-weight method (W&W) in a deepwater horizontal well are harder to implement than in a vertical well. Simulations of well-killing procedures for future projects provide guidance to drilling engineers. Source: News