Oil and Gas

By: Franyi Sarmiento, Ph.D., Inspenet, July 19, 2022.
OPEC producers will have to pump crude at the fastest rate in five years; in 2023, if they want to balance oil supply and demand. Capacity limitations suggest they may struggle.

By: Franyi Sarmiento, Ph.D., Inspenet, July 13, 2022.
Aligned with the strong growth in the production of Vaca Muerta, hydrocarbon exports from the province of Neuquén, in Argentina, continue to rise, with increases of more than 300% for oil.

By: Franyi Sarmiento, Ph.D., Inspenet, July 13, 2022.
In the late 1980s, Phillip McCrory, a stylist from Alabama, thought that skeins of hair could be used to absorb oil and designed a prototype that NASA scientists came to test.

By: Franyi Sarmiento, Ph.D., Inspenet, July 8, 2022.
The CEO of Petróleos Mexicanos (PEMEX), Octavio Romero Oropeza, officially opened the Mexican Petroleum Congress (CMP), which is being held this week in Villahermosa, Tabasco, a key city for the institution’s boom due to the proliferation of crude oil exploration and extraction in the 1970s, which has now become fundamental once again thanks to the discovery and exploitation of new oilfields.

By: Franyi Sarmiento, Ph.D., Inspenet, July 6, 2022.
Russian state-owned energy company Rosneft has announced the discovery of an oil field in the Pechora Sea, located off the Siberian coast of northwest Russia, estimated at approximately 82 million tons.

By: Franyi Sarmiento, Ph.D., Inspenet, July 1, 2022.
The American Petroleum Institute (API) reported a large drop this week for crude oil of 3.799 million barrels, while analysts were forecasting a drop of 110,000 barrels.

By: Franyi Sarmiento, Ph.D., Inspenet, July 1, 2022.
Marcelo Cerna, a 53-year-old metallurgist, received the Valor Argentino award for the invention of the LVP Filter, a reusable sand filter to be installed in oil wells with mechanical or electrosubmersible pumps.

By: Franyi Sarmiento, Ph.D., Inspenet, June 30, 2022.
From July 6 to 9, the city of Villahermosa in Tabasco, will host the XVI Edition of the Mexican Petroleum Congress, in which the participation of more than 7,000 people linked to the oil and industrial sector is expected.

By: Franyi Sarmiento, Ph.D., Inspenet, June 29, 2022.
A subsidiary of the Indian Oil and Natural Gas Corporation (ONGC), known as ONGC Videsh, announced the discovery of oil in the Urraca-IX well (block CPO-5) it recently drilled in the Llanos Basin, Colombia.

By: Franyi Sarmiento, Ph.D., Inspenet, June 28, 2022.
Oil & Gas Development Company Limited (OGDCL) announced this week good news for the oil industry. The Nim Block joint venture, comprising OGDCL as operator with a 95 percent interest and Government Holdings (Private) Limited (GHPL) with five percent, has discovered oil and gas from the Nim East-1 exploratory well in the Tando Allah Yar district, Sindh province in Pakistan.