With 15 offshore production platforms, bpTT is the country’s largest hydrocarbon producer, accounting for about 55% of the nation’s gas production.
The projected increase in oil and gas production follows recent reports by the EIA of a sharp decline in the DUC count in all major U.S. shale regions.
The Permian Basin operator plans to drill more 15,000-ft laterals and is studying whether it should go even longer.
Presidential orders are advancing the administration’s goals on climate, clean energy and environmental justice, says Baker Botts team.
The concept could give ageing oil and gas assets a new lease of life.
Throughout the five-year period, ChampionX will continue to deliver its range of chemical management services to Vår Energi, which encompasses the deployment of its asset integrity, phase separation, flow assurance and enhanced oil recovery chemical technologies.
The inability of some members to raise output to agreed levels suggests a supply gap could develop in the coming months.
Check out these E&P and drilling activity highlights from around the world.
The U.S. rig count hit a 2021 high this past week with the most notable increases week-over-week occurring in the Gulf Coast, Permian Basin and Appalachia shale plays.
Shell was the hardest-hit producer from Ida, which tore through the U.S. Gulf of Mexico last month and removed 27 million barrels overall from the market.
The vendor-neutral platform eliminates data management headaches to support integrated completions evaluation for unconventional oil and gas reservoirs.