The deal was “fundamental” to the Colombian oil producer’s future and without the resources it would have provided, its finances will deteriorate, Juan José Echavarría and Luis Alberto Zuleta wrote in their resignation letter, which is dated Aug. 30 but has already been published by local media. SourceContinue Reading

The deal was “fundamental” to the Colombian oil producer’s future and without the resources it would have provided, its finances will deteriorate, Juan José Echavarría and Luis Alberto Zuleta wrote in their resignation letter, which is dated Aug. 30 but has already been published by local media. SourceContinue Reading

This collaboration enables E&P companies to seamlessly access TGS’ licensed production, completions, and cost data via the ComboCurve platform, with fully automated data integration that requires minimal technical infrastructure. SourceContinue Reading

EOG, Conocophillips, Occidental and Devon Energy filled in the remaining four of the top five drilling customer positions. Patterson-UTI, Nabors, Ensign Energy Services and Precision Drilling took places 2-5 as the top U.S. land drillers. SourceContinue Reading

The 3 MW floating wind turbine will be located 2 km west of the Culzean platform, 220 km offshore Scotland. This turbine, expected to be fully operational by end 2025, will supply around 20% of Culzean’s power requirement, thereby reducing its GHG emissions. SourceContinue Reading

It’s the latest round of cuts following similar moves in the company’s deal-making team, as well as low-carbon solutions, chemicals and offshore wind. The staff reductions would affect the company’s exploration, strategy and portfolio segment as well as its development, subsurface and wells business. SourceContinue Reading

Drillers have extended the horizontal length of their wells since the pandemic to three miles or more to squeeze more output from their sites. The longer so-called laterals are often credited with helping explorers deliver surprise production growth of 1 MMbpd last year. SourceContinue Reading

Almost 50% of the 1,300 senior professionals that responded to DNV’s survey said they plan to integrate AI-driven applications into their operations in the coming year, with Digital Leaders leading the charge. SourceContinue Reading

Block 3B/4B covers an area of 17,581 km2 within the prolific Orange basin offshore South Africa in water depths ranging between 300 m and 2,500 m. The block is near a number of highly anticipated oil discoveries, including the Venus discovery. SourceContinue Reading

Coconut will be a 50/50 joint venture with EOG as operator. The final investment decision has been taken by the joint venture partners and first gas is expected in 2027. SourceContinue Reading