Bitumen

What is Bitumen? Bitumen is a sticky, viscous form of petroleum trapped in sand found in northern Alberta. It is processed to produce transportation fuels and other petroleum products. When used as a source for transportation fuels, bitumenhas a lower value than conventional crudes. Where is Bitumen Produced? Oil sands…

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Siemens Energy Spontaneous Leak Detection Service

The Siemens Energy Spontaneous Leak Detection (SLD) Service powered by ProFlex is a subscription service for detection of small spontaneous leaks in pipelines, gathering systems and offshore risers. The SLD Service is based on Siemens Energy proven IoT architecture and leverages advanced signal processing algorithms from ProFlex Technologies to identify…

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EOG Resources 2021 Update

EOG expects to spend $3.7 billion-$4.1 billion this year to maintain oil production at 440,000 boe/d and complete approximately 500 net wells as it continues to increase shareholder value and returns with a focus on wells that generate a 60% rate of return at $40 oil in 2021

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