Gran Tierra has successfully drilled five exploration wells in Ecuador, each leading to an oil discovery. Three of these five wells are drawing medium to light hydrocarbons from distinct geological zones, highlighting the exceptional potential of the Oriente and Putumayo basins and the significant exploration opportunities that remain within both the Charapa and Chanangue Blocks....Continue 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
Anchor production marks the successful delivery of high-pressure technology that is rated to safely operate at up to 20,000 psi, with reservoir depths reaching 34,000 ft below sea level. SourceContinue Reading
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
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 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
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 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
