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ADIPEC

Exploration & Production

Special Report: Embracing New Technologies Crucial To E&P Industry’s Progress

Digitalization, sustainability and strategic partnerships for E&Ps were at the epicenter of discussions at ADIPEC 2019.

A&D Trends: ‘Times Have Changed’

Shale Plays

A&D Trends: ‘Times Have Changed’

Centennial Resource Development Inc.’s CEO Mark Papa says he expects shale production to grow by just 400,000 barrels per day in 2020.

E&P Offshore Advances: Managing Guyana’s Path To Prosperity

Exploration & Production

E&P Offshore Advances: Managing Guyana’s Path To Prosperity

Proper governance and management are critical as poverty-stricken Guyana faces a potential financial windfall despite the more than a dozen oil discoveries offshore in the massive Strabroek Block.

MarketsSee More

fracspread 021320

Frac Spread: How The Virus Has Hurt Oil, Gas Prices

NGL prices follow as China’s troubles impact global economy.

Virus Outbreak Knocks Four Asia-Bound LNG Tankers Off Course

Up to 15 tankers globally have been classified as ‘floating storage.’

OPEC Says Coronavirus To Trim 2020 Oil Demand

The report could bolster the case for even more supply curbs by OPEC, which is considering whether to curb output further to offset slower demand.

EIA Cuts Global Oil Demand Forecast After Coronavirus Outbreak

The EIA on Feb. 11 cut its global oil demand growth forecast for this year by 310,000 barrels per day as the coronavirus outbreak dents oil consumption in China.

BusinessSee More

Opinion: Big Oil Is Facing An Existential Struggle

Opinion: Big Oil Is Facing An Existential Struggle

BP’s ambitious climate targets set a challenge for its global oil and gas peers.

Marathon Oil Profit Misses Estimates As Prices Tumble

Marathon Oil's quarterly results mirrored weaker earnings across the sector, as prices of global crude fell in the quarter on oversupply and demand concerns.

EQT Launches Up To $400 Million Debt Buyback

Shale gas producer EQT said it plans to purchase for cash up to $400 million of its senior notes due 2021 in a debt tender offer expiring March 16.

Noble Energy Takes Over $1 Billion Charge Related To Eagle Ford Assets

Noble Energy President Brent Smolik, in a post-earnings conference call, said the company would consider monetizing the Eagle Ford Shale asset "if somebody came with a big enough check."

TechnologySee More

ADIPEC

Special Report: Embracing New Technologies Crucial To E&P Industry’s Progress

Digitalization, sustainability and strategic partnerships for E&Ps were at the epicenter of discussions at ADIPEC 2019.

TGS

TGS Reveals Eastern Delta Refocus Imaging Program In US Gulf Of Mexico

TGS, a leading provider of mult-client geoscience data for E&P companies, announced the Eastern Delta Refocus 3D Ocean-Bottom Seismic (OBS) imaging program in the U.S. Gulf of Mexico on Feb. 13.

Exxon Mobil, Noble Corp. Enter Guyana-Suriname Drillship Agreement

Offshore driller Noble Corp. Plc and Exxon Mobil have entered a unique commercial enabling agreement on Feb. 11 for drilling services in the Guyana-Suriname Basin.

Schlumberger Introduces Egypt Upstream Gateway

The Egypt Upstream Gateway will leverage the GAIA* digital subsurface platform and provide additional value-added solutions—enabled by digital technology and domain expertise—using the DELFI* E&P cognitive environment capabilities and technologies.

Exploration & ProductionSee More

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US Shale Trends Focus On Operational Efficiency

Attention remains on finding and maintaining operational efficiencies amid market challenges for U.S. shale producers.

Ovintiv Shows Progress In Anadarko Basin Post Newfield Acquisition

Ovintiv Shows Progress In Anadarko Basin Post Newfield Acquisition

Ovintiv, formerly known as Encana, said it has shaved more than $1 million off drilling and completion costs in the Stack shale play.

GeoPark Makes New Gas Field Discovery In Chile

GeoPark Ltd., a leading independent Latin American oil and gas explorer, operator and consolidator, said Feb. 4 it has made a discovery in the new Jauke Oeste gas field in the Fell block (GeoPark operated, 100% WI) in Chile.

OGI At Closing: So What Is New For Oil And Gas?

OGI At Closing: So What Is New For Oil And Gas?

The race is on now for 2020—production surplus is dueling with the drilling pace and making money.

TransactionsSee More

NAPE Crowds ‘Resilient’ Through Tough A&D Times

Recap: NAPE Crowds ‘Resilient’ Through Tough A&D Times

This year’s NAPE Summit buzzed with a “resilient spirit” despite the fog of tough A&D times for upstream oil and gas dealmakers.

Dominion To Increase Stake In $8 Billion Atlantic Coast Natgas Pipeline

If approved, the acquisition will bring Dominion's share in the Atlantic Coast natural gas pipeline to 53%, up from 48%. Duke Energy will own the remaining 47%.

Marketed: Overland Energy Partners Williston Basin Minerals

Overland Energy Partners has retained TenOaks Energy Advisors for the sale of mineral and royalty properties located in the Williston Basin.

Energy A&D Transactions From The Week Of Feb.12, 2020

Here’s a snapshot of energy deals from the past week including Peregrine’s acquisition of Alaska North Slope assets from Apollo-backed Caelus Energy.

Policy & RegulationsSee More

Bernard Looney

BP’s Net-Zero Goals Sees The Major Dwindle Oil Activity

BP’s shift to becoming a net-zero company uncovers an eventual transformation of its upstream oil and gas business.

US Charges 5 With Conspiring To Purchase Iranian Oil

Defendants sought to sell oil to China in violation of sanctions.

Rio Grande LNG Receives Non-FTA Export Authorization

NextDecade’s facility approved by the Department of Energy.

Trump’s Budget Proposes Sale From Emergency Oil Reserve

Budget documents said a sale from the Strategic Petroleum Reserve would help raise funds for priorities including $242 million needed to fix a Naval Petroleum Reserve site in California.

MidstreamSee More

Enbridge To Acquire Rio Bravo Pipeline In $25 Million Cash Deal

Enbridge To Acquire Rio Bravo Pipeline In $25 Million Cash Deal

The Rio Bravo Pipeline is poised to support transportation of natural gas production from the Permian Basin and Eagle Ford Shale to NextDecade’s Rio Grande LNG project in Brownsville, Texas

Seaway To Extend Open Season For Expansion Capacity

Project would increase capacity by 200,000 bbl/d.

Tallgrass Energy Plans To Establish Houston Office

Tallgrass Energy Plans To Establish Houston Office

Leawood, Kan.-based Tallgrass Energy unveiled plans to establish a presence in the nation’s energy hub where Damon Daniels, the company’s new chief commercial officer, will be based.

Trans Mountain Pipeline Cost Jumps By Two-thirds

Trans Mountain CEO Ian Anderson said the increase was due to court and regulatory delays, rising costs of steel, land, labor and security, and accommodations for indigenous groups.