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Exploration & Production
Shell Leads US Gulf Faithful In Oil, Gas Lease Sale
The March 20 lease sale in the U.S. Gulf of Mexico brought in $244.3 million in high bids.
EIA Report Shows More Growth Ahead For Permian, Appalachia
Permian oil production is expected to rise by 40,000 barrels per day to about 4.18 million barrels per day in April.
Brazil’s Lula Presalt Oil Field Nears Oil Production Milestone
Petrobras and partners have invested roughly US$30 billion in the exploration and development of the field.
Now Competing: East Texas Haynesville Vs. Louisiana Haynesville
There is a significant amount of gas on the Texas side and it’s thicker than the Louisiana core, according to Rockcliff Energy’s CEO Alan Smith at DUG Haynesville.
The Latest
US Judge Blocks Drilling Over Climate Change
The ruling blocked drilling on more than 300,000 acres in Wyoming until the Interior Department’s Bureau of Land Management conducts further analysis about how the development would impact climate change.
March 20, 2019
Colombia Shelves ConocoPhillips, Canacol Requests For Fracking Licenses
Colombia has shelved two environmental licensing requests made by oil companies ConocoPhillips and Canacol Energy Ltd. for fracking projects in northern Cesar province, two sources with knowledge of the matter said March 20.
March 20, 2019
Shell Leads US Gulf Faithful In Oil, Gas Lease Sale
The March 20 lease sale in the U.S. Gulf of Mexico brought in $244.3 million in high bids.
March 20, 2019
Occidental Petroleum CEO Vicki Hollub Aims To Be ‘Carbon Neutral’
Occidental Petroleum, the holder of the largest net acreage of drilling rights in the Permian Basin, pins hopes on EOR using captured greenhouse gases.
March 20, 2019
Nigeria Plans To Sell Stakes In Joint Oil Assets To Boost Coffers
Nigeria plans to cut its stake in joint oil ventures with multinational oil companies to 40% this year, its budget minister said, as the country seeks to boost revenue to grow an economy recovering from recession.
March 20, 2019
Brazil's PetroReconcavo In Talks For Petrobras Onshore Fields, Sources Say
PetroReconcavo entered direct negotiations with Brazil's state-run Petrobras to purchase a cluster of 34 oil fields in the nation's northeast, two oil industry sources told Reuters.
March 20, 2019
Oil Majors Rush To Dominate US Shale As Independents Scale Back
The rising investment also reflects a recognition that the majors largely missed out on the first phase of the Permian shale bonanza while more nimble independent producers, who pioneered shale drilling technology, leased Permian acreage on the cheap.
March 20, 2019
EIA Report Shows More Growth Ahead For Permian, Appalachia
Permian oil production is expected to rise by 40,000 barrels per day to about 4.18 million barrels per day in April.
March 19, 2019
Spirit Energy Cranks Up Production At Oda Field
Spirit Energy has brought the Oda Field online in the Norwegian sector of the North Sea five months ahead of schedule and under budget.
March 19, 2019
Brazil’s Lula Presalt Oil Field Nears Oil Production Milestone
Petrobras and partners have invested roughly US$30 billion in the exploration and development of the field.
March 19, 2019