Onshore
News
January 20, 2024
Production across the U.S. was curtailed by about 10 MMbbl this week, according to market participants who asked not to be named because the information is private.
News
January 19, 2024
The oil and gas field is located in the Barreirinhas basin in the state of Maranhão, Brazil, and has total proved plus probable ("2P") oil reserves of 1.9 MMboe.
News
January 18, 2024
Delaying the transaction will only impact the growth of the industry, and Nigeria stands to serve as an example of how the successful transfer of oil assets from an international major to local players can advance the industry.
Article
January 2024
An innovative 5,000-hp frac platform combines intelligent electrical architecture and simplified drivetrains to increase power density and flexibility, streamline rig-up logistics and minimize carbon emissions.
News
January 16, 2024
As much as 650,000 bpd is offline, up from 425,000 bpd on Monday, according to Justin Kringstad, director of the North Dakota Pipeline Authority. The state’s total production reached 1.2 MMbpd in October.
News
January 16, 2024
On December 31, 2022, SEC proved reserves that are the subject of this transaction were approximately 458 MMboe.
News
January 14, 2024
The transaction adds over 5,500 net leasehold acres and 62 fully permitted proven undeveloped ("PUD") drilling locations.
News
January 12, 2024
Target depth is approximately 3,800 m with an estimated drilling time of 45 days. The prospect and the adjacent complex of prospects being drilled are covered by good quality 3D seismic data from a survey conducted for Molecular in 2013/14.
News
January 11, 2024
By combining high-quality, large-scale acreage in Appalachia and Haynesville, the pro forma company has current net natural gas production of approximately 7.9 Bcfd, with more than 5,000 gross locations and 15 years of inventory.
News
January 09, 2024
The Menna-1 well was drilled vertically to a total depth of approximately 1,600 m. The well logs indicate hydrocarbons in the Al Khlata, Karim and Birba formations.
News
January 08, 2024
Oil production from the six wells collectively peaked at about 400 bpd before the wells were idled in 2015 due to oil prices dropping below $30 per bbl. Returning the field to production will occur in steps, with the 58X-23 and the HH-1-ST2 wells being the first two of the six previously producing oil wells to be returned to production.
News
January 08, 2024
Most of shale’s private operators in the Permian basin are planning modest growth this year as one of the main engines of U.S. oil expansion downshifts amid volatile commodity prices.
News
January 04, 2024
Production from the oil fields in Uganda will be transported to the port of Tanga in Tanzania through the cross-border pipeline developed by the EACOP Company.
News
January 04, 2024
After ending last year with an estimated production growth of 900,000 bpd higher than the end of 2022, U.S. oil expansion will be “considerably less,” EOG President Billy Helms said Thursday in a presentation to investors.
News
January 03, 2024
A group of people had entered the field in 20 vehicles, demanding jobs, services and a new refinery, according to a letter signed by a board member at the state company.
Article
December 2023
To ensure a thriving civilization, it is crucial to embrace a diverse energy portfolio that includes both renewable sources and unconventional resources, leading us toward an energy-rich and sustainable future.
News
December 28, 2023
Funding will be utilized for a well test on natural gas discoveries in the Upper and Lower Angwa formations in Mukuyu-2 well, preparation for 3D seismic over the Mukuyu gas field and long lead items for a planned high impact exploration well from the company’s extensive portfolio in the Basin Margin or Central Fairway prospects.
News
December 27, 2023
The updated reserves and resources incorporate the recently drilled Aruchara-3 well at Maria Conchita, which includes the newly encountered section in zone H4 in addition to zones H1 and H2 and finalized plans for construction of infrastructure at Sinu-9.
News
December 23, 2023
According to the Bureau of Land Management, the Willow project is expected to deliver $8 billion to $17 billion in new revenue for the federal government, the state of Alaska and Alaska Native communities.
News
December 23, 2023
Extension of the permit is in line with the country’s drive to boost recoverable oil from current levels of 1.4 Bbbl, according to the statement.
News
December 20, 2023
U.S. shale executives are bracing for more megadeals in the U.S. oil industry — and some fear the consequences of consolidation.
