The Latest

Public Capital

BP to Stick with Oil and Gas for Decades, CEO Says

BP CEO Bernard Looney brushed aside investor concerns that BP might miss out on the rally because of its plan to slash oil output by 40% and grow its renewables output twentyfold by 2030 as part of its energy transition.

June 22, 2021

Exploration & Production

Is Wider Well Spacing Leading to Better Performance?

Wood Mackenzie research indicates Permian wells see better production from upspacing.

June 22, 2021

Exploration & Production

OPEC+ Discusses Further Easing of Oil Cuts from August

No decision had been taken yet on the exact volume to bring back to the market, two OPEC+ sources said June 22.

June 22, 2021

Reservoir Evaluation

Geomechanical Rock Properties Prediction from Seismic Data

A case study in the Delaware Basin shows how a machine learning process translated prestack seismic inversion attributes to meaningful rock properties in the Wolfcamp interval. 

June 22, 2021

Highlights

E&P International Highlights (Week of June 21, 2021)

Check out these E&P and drilling activity highlights from around the world. 

June 21, 2021

Rig Counts

Hart Energy Unconventional Activity Tracker (Week of June 21, 2021)

While operators in the Rockies unconventional plays added to the U.S. rig count this past week, the Eagle Ford Shale lost 10 rigs. Meanwhile, the Permian Basin RRC Dist. 7C lost four rigs and Dist. 8 added five.

June 21, 2021

Unconventional

CNPC Discovers Shale Oil Field in Erdos Basin

Proven geological reserves are estimated at more than 1 billion tonnes shale oil, Xinhua reported June 20.

June 21, 2021

Discoveries

Italy’s Eni Makes Oil Discovery Offshore Norway

The latest preliminary estimates from exploratory wells showed volumes between 60 million and 135 million barrels of recoverable oil equivalents, Vaar said in a statement.

June 21, 2021

Exploration & Production

TGS Launches 3D Seismic Imaging Program in US Gulf of Mexico

TGS, a global provider of energy data and intelligence, on June 21 revealed Sophies Resolve Refocus 3D, an OBC and NAZ imaging program in the U.S. Gulf of Mexico (GoM).

June 21, 2021

Business

Oil and Gas Investor Play-by-play: Powder River Basin Promise

The stacked pay basin has tantalized oil and gas producers as technical advances started to tame high variability, costs and frustrations.

June 21, 2021