Zephyr Energy has announced initial post-well evaluation results at its flagship project in Utah’s Paradox basin. “The Cane Creek reservoir is highly productive and potentially ranks alongside some of the most productive oil and gas plays in the U.S,” said CEO Colin Harrington. SourceContinue Reading
Chevron Corp. plans to lay off nearly 800 employees in the Permian basin, the company announced in a filing with the Texas Workforce Commission. The bulk of the reductions will come from Chevron’s Midcontinent campus on the outskirts of Midland, Texas. SourceContinue Reading
TotalEnergies has signed an agreement with Shell to sell its 12.5% interest in the Bonga oil field, offshore Nigeria, for $510 million. The deal increases Shell’s stake in the Bonga oil field to 67.5%. Shell completed its sale of onshore Nigeria assets in the West African nation. SourceContinue Reading
bp Trinidad and Tobago (bpTT) has safely delivered first gas through connection of the initial discovery well at the Mento development, offshore Trinidad. The drilling campaign for the remaining seven gross wells on the platform will now begin, bp announced. Mento is a 50/50 joint venture between bpTT and EOG Resources. SourceContinue Reading
Terradepth has secured a five-year agreement with a major offshore energy company. Terradepth will deploy its Ocean Data as a Service® (ODaaS) solution to deliver autonomous hydrographic survey and data services at a fraction of the traditional time and cost. SourceContinue Reading
Ecopetrol SA plans to continue drilling for natural gas in Colombian Caribbean waters after partner Shell Plc exited three offshore blocks, betting on growing domestic demand and potentially lucrative reserves. SourceContinue Reading
ExxonMobil CEO Darren Woods said the company will keep its capital allocation plans intact even if oil declines toward $50 a barrel. Exxon plans to bring on a 250,000 bpd expansion project in Guyana later this year, adding to global supplies. SourceContinue Reading
Two workers injured in a May 20 fire on a Chevron Corp. oil platform off the coast of Angola have died. Authorities are working to recover a body spotted underwater near the platform, according to Angola’s Petroleum and Minerals Ministry. SourceContinue Reading
Several delegates said they expect the Organization of the Petroleum Exporting Countries and its partners to leave unchanged their longer-term targets for 2025 and 2026, which underpin its current supply restraints. SourceContinue Reading
