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E&P Highlights: Nov. 4, 2024
Here’s a roundup of the latest E&P headlines, including a major development in Brazil coming online and a large contract in Saudi Arabia.
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Fewer Rigs, Bigger Payoff: US Oil Production Continues to Climb Even as Rig Count Drops
Despite a decline in the number of rigs in the U.S., technological advances and improved efficiencies have kept production going, allowing companies to achieve more with fewer resources.
E&P Highlights: Nov. 4, 2024
Here’s a roundup of the latest E&P headlines, including a major development in Brazil coming online and a large contract in Saudi Arabia.
Brazil’s Mero-3 Offshore Development Reaches First Oil
With the start-up of Mero-3, the production capacity of the Mero field has reached 590,000 bbl/d.
BP Awards OneSubsea EPC Contract for GoM Kaskida Project
The OneSubsea subsea boosting system will supply the artificial lift needed to maximize production through the accelerated recovery of reserves.
Matador’s U-lateral Delaware Tests Outproduce 2-mile Straight Holes
Matador Resources' results from eight Loving County, Texas, tests include two 2-mile U-turn laterals, five 2-mile straight laterals and one 1-mile straight lateral, according to state data.
E&P Highlights: Oct. 28, 2024
Here’s a roundup of the latest E&P headlines, including a new field coming onstream and an oilfield service provider unveiling new technology.
As Rig Count Slips, Oil Production Keeps Growing
Despite the offshore rig market showing signs of demand slippage, oil production looks to be on the rise for the foreseeable future, Westwood analysts say.
Transocean Signs Ultra-deepwater Drillship Contract in GoM
Transocean’s ultra-deepwater drillship contract in the Gulf of Mexico looks to generate $193 million in revenue for the company.
E&P Highlights: Oct. 21, 2024
Here’s a roundup of the latest E&P headlines, with a large contract announced offshore Gulf of Mexico and strategic partnerships aimed at optimizing oilfield production.
CNOOC Signs Four Concession Contracts for Exploration Offshore Brazil
CNOOC's contracts with Brazil span approximately 2,600 sq km, with water depths ranging from 600 m to 3,000 m.
Smart Tech Moves to the Hazardous Frontlines of Drilling
In the quest for efficiency and safety, companies such as Caterpillar are harnessing smart technology on drilling rigs to create a suite of technology that can interface old and new equipment.
E&P Highlights: Oct. 7, 2024
Here’s a roundup of the latest E&P headlines, including a major announcement from BP and large contracts in the Middle East.
Prairie Operating Gets Output, Acreage Boost from Nickel Road M&A
Prairie Operating closed an acquisition of acreage and production in Weld County, Colorado, where the D-J Basin player is drilling its first Niobrara horizontals.
APA, TotalEnergies Aim for 'New Dawn' in Suriname with Massive GranMorgu Project
APA Corp. and TotalEnergies announced a $10.5 billion final investment decision for the GranMorgu project located offshore Suriname in Block 58. First production to come from a 220,000 bbl/d FPSO is slated to flow in 2028.
APA Corp., TotalEnergies Announce $10.5B FID on ‘Goliath’ Sized Deal Offshore Suriname
APA and TotalEnergies’ offshore Suriname GranMorgu development is estimated to hold recoverable reserves of more than 750 million barrels.
E&P Highlights: Sept. 30, 2024
Here’s a roundup of the latest E&P headlines, including concessions awarded in the Middle East and updates following Hurricane Helene.
CNOOC Brings Online Phase 2 of Natgas Project in South China Sea
CNOOC’s Shenhai-1Natural Gas Development Project is expected to reach peak production in 2025.
Baseline Energy Opens New Uinta Basin Power Generator Facility
Baseline Energy Services’ facility in the Uinta Basin plans to support the region’s mobile power generator fleet with a range of maintenance and repair services.
E&P Highlights: Sept. 23, 2024
Here's a roundup of the latest E&P headlines, including Turkey receiving its first floating LNG platform and a partnership between SLB and Aramco.
Western Haynesville Wildcats’ Output Up as Comstock Loosens Chokes
Comstock Resources reported this summer that it is gaining a better understanding of the formations’ pressure regime and how best to produce its “Waynesville” wells.