The Latest

Exploration & Production

EIA Projects Steeper Decline in US Oil Production for 2021

U.S. oil producers have been gradually increasing drilling activity as oil prices have rebounded but output growth has been muted as investors pressure companies to rein in spending and focus on returns.

May 11, 2021

Discoveries

Shell Makes ‘Significant’ Oil Discovery in Deepwater GoM

The Leopard well hit more than 600 ft of net oil pay at multiple levels, Shell said.

May 11, 2021

Exploration & Production

Schlumberger, NOV Team Up to Accelerate Adoption of Automated Drilling Solutions 

Schlumberger and NOV have entered a partnership on May 10 to accelerate automated drilling solutions adoption by oil and gas operators and drilling contractors.

May 11, 2021

Exploration & Production

Mexican Judge Orders Partial Freeze of New Hydrocarbons Law

The decision suspended certain parts of the law that strengthens state oil company Pemex, which Congress approved in April, the document showed.

May 10, 2021

Rig Counts

Hart Energy Unconventional Activity Tracker (Week of May 10, 2021)

The most active operator continues to be Permian Basin-focused Pioneer Natural Resources at 30 rigs, which includes nine more rigs after closing its acquisition of privately held DoublePoint Energy.

May 10, 2021

Deepwater

TGS Commences Acquisition on Santos 3D Multiclient Phase 4 Offshore Brazil

TGS, a global provider of energy data and intelligence, said on May 10 it has commenced acquisition on Santos multiclient 3D Phase 4 survey offshore Brazil.

May 10, 2021

Deepwater

CGG Bags OBN Imaging Work with Equinor in Brazil

CGG has been awarded a major contract by Equinor on May 10 for the seismic imaging of its Bacalhau 3D ocean bottom node (OBN) survey covering 409 sq km currently being acquired in Brazil’s deepwater Santos Basin.

May 10, 2021

Exploration & Production

Petrobras Signs Contract to Build Seventh Platform in Buzios Field

The platform has the capacity to process 180,000 barrels of oil per day and 7.2 million cubic meters of gas per day, Petrobras said.

May 10, 2021

Exploration & Production

E&P Plus Exec Q&A: TGS CEO Kristian Johansen Talks Energy Transition

Data-driven upstream service company diversifies to meet energy transition demands.

May 10, 2021

Earnings

EOG Embraces ‘Double Premium’ Drilling Strategy

Houston-based EOG Resources is focusing on so-called “double premium” wells that yield a 60% direct after-tax rate of return at $40/bbl WTI and $2.50 Henry Hub.

May 7, 2021