Chevron plans to increase the use of triple-frac technique in three wells at a time in the Permian basin to cut production costs and time, aiming to grow output in the largest US oilfield while slowing spending. The company began using triple-frac in March last year and expects to implement it in 50-60% of wells this year, resulting in a 12% cost reduction per well. This strategy allows for quicker completion of wells, giving Chevron a competitive advantage in shale fields where production declines rapidly over time.
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Canadian party leaders face off in election debate – follow live
Debate turns to oil and gas pipelinesThe debate centers on oil and gas pipelines, with Bloc Quebecois leader Yves-Francois Blanchet accusing Mark Carney of inconsistency regarding pipeline policies in Quebec. He highlights Carney's conflicting statements and criticizes his lack of support for Quebec, while also emphasizing the need for a strong stance against Trump. In response, Carney advocates for building energy infrastructure, including pipelines, and stresses the importance of cooperation with provinces to achieve these...
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