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 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
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
World Oil and its parent, Gulf Energy Information, are excited to announce the finalists for the 2024 Gulf Energy Information Excellence Awards! Putstanding companies and individuals from ExxonMobil, Woodside Energy, SLB, Halliburton, Baker Hughes, and more have demonstrated exceptional innovation and leadership across the upstream sector. SourceContinue Reading
World Oil and its parent, Gulf Energy Information, are excited to announce the finalists for the 2024 Gulf Energy Information Excellence Awards! Putstanding companies and individuals from ExxonMobil, Woodside Energy, SLB, Halliburton, Baker Hughes, and more have demonstrated exceptional innovation and leadership across the upstream sector. SourceContinue Reading
Through its operations in Cameroon and the Republic of Congo – as well as activities in the Democratic Republic of the Congo, Chad, Gabon and Tunisia – Perenco represents a key player in the continent’s upstream industry. SourceContinue Reading
Through its operations in Cameroon and the Republic of Congo – as well as activities in the Democratic Republic of the Congo, Chad, Gabon and Tunisia – Perenco represents a key player in the continent’s upstream industry. SourceContinue Reading
The new report examines market opportunities for CO2 utilization, techno-economic and life-cycle assessments of current technologies, research and development needs, potential policy and regulatory frameworks, and enabling infrastructure. SourceContinue Reading
Recently, Talos agreed to acquire a 21.4% W.I. in Monument, a large Wilcox oil and gas discovery located in Walker Ridge blocks 271, 272, 315, and 316, for $32 million. Monument will be developed as a subsea tie-back to the Shenandoah production facility in Walker Ridge. The Monument discovery is post-FID with appraised proved plus...Continue Reading
The deal will increase Occidental’s production 5% to about 1.32 MMboed in 2024, with the extra coming from the Permian basin, the Houston-based company said in a statement Wednesday. Capital spending will increase about 6% to $6.9 billion. SourceContinue Reading
