Exxon Mobil’s frontier exploration efforts have led to the discovery of what could amount to 8 trillion cubic feet (Tcf) of gas offshore Cyprus in the Eastern Mediterranean Sea. The company announced the gas discovery this week saying the Glaucus-1 well hit a gas-bearing reservoir of about 133 meters (436 ft). Velda Addison goes into greater detail in the article linked below.
Apache reported a better-than-expected quarterly profit. The U.S. oil and gas producer benefited from a rise in production from its shale assets in the Permian Basin. Revenue rose 11% to $1.77 billion.
The House of Representatives passed a public lands bill. The Senate did so earlier this month. That bill permanently reauthorizes a fund that has funneled billions of dollars into land conservation, paid for by revenues from offshore oil and gas drilling. The bill passed 363-62, representing a rare moment of bipartisan agreement in Congress. The Senate voted 92-8 earlier this month on the bill, and President Trump is expected to sign it. U.S. Senator Lisa Murkowski of Alaska and chairman of the senate energy and natural resources committee tweeted in part “I’m proud both chambers showed strong support of our Lands Package 2019. It took us years of bipartisan work to reach this point and I am hopeful the President will sign it into law soon.”
Related articles:
Recommended Reading
Real-time Data: The Key to Increased Oil and Gas Production
Acoustic telemetry systems are a key addition to well testing activities and well integrity management.
Vattenfall, Aker Carbon Capture to Explore Nordic CCS Options
The agreement, which would focus on commercial bio-CCS plants, would help deliver on Vattenfall’s ambitions to achieve negative emissions.
Choosing the Ideal Third-Party Control Room Operations Provider
Like control rooms, not all control room operations providers are created equal.