Granite Ridge acquired 51 gross (4.7 net) future drilling locations for $12.6 million. The estimated future development costs for the acquired properties is $50 million. The acquisitions include assets in the Midland, Delaware, DJ, Williston and Appalachian basins. SourceContinue Reading

It is important for oil and gas companies to have adaptable, low maintenance corrosion solutions to preserve topside and subsea infrastructure in case of delayed commissioning from unexpected market drops. SourceContinue Reading

The offshore gas platform was reportedly utilized for GPS spoofing to disrupt civilian navigation. A Ukrainian Navy spokesman emphasized that the platform was not in civilian use, and no civilians were present at the time of the attack. SourceContinue Reading

Equinor’s exit from Suriname is part of a broader strategy, having exited about 20 countries in recent years, including South Africa, Mexico, and Russia, the latter due to the invasion of Ukraine. SourceContinue Reading

The extension from October provides firm revenue backlog of approximately $24.3-34.2 million, with the option to extend for an additional well, potentially adding a further approximately $26.9-36.9 million. SourceContinue Reading

Shale accounted for 52% of YPF’s second-quarter production of the equivalent of 539,000 bopd, up from 45% in the same period last year. Industry plans that it’s spearheading for a new shale oil pipeline are also accelerating, with drillers already negotiating to fill two thirds of capacity. SourceContinue Reading

The Penguins FPSO is a Sevan 400 design with a process capacity of 45,000 bpd and with a storage capacity of 400,000 bbls. The FPSO has been contracted by Fluor and constructed in China, with completion and commissioning at Aibel’s yard in Haugesund, Norway, before handed over to Penguins field operator Shell UK. SourceContinue Reading

The Economic and Environmental Advantages of Embracing Natural Gas | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Aug 11, 2024, 2:00 PM CDT Natural gas is a key driver of economic growth, energy security, and environmental progress in Pennsylvania and the United...Continue Reading

Geopolitical Tensions Are Transforming the Rare Earth Market | OilPrice.com Rystad Energy Rystad Energy is an independent energy consulting services and business intelligence provider offering global databases, strategic advisory and research products for energy companies and suppliers,… More Info Premium Content By Rystad Energy – Aug 11, 2024, 12:00 PM CDT China’s dominance in the...Continue Reading

The Rise of Robotics in the Energy Sector | OilPrice.com Felicity Bradstock Felicity Bradstock is a freelance writer specialising in Energy and Finance. She has a Master’s in International Development from the University of Birmingham, UK. More Info Premium Content By Felicity Bradstock – Aug 11, 2024, 10:00 AM CDT Robots are set to transform...Continue Reading