Equinor Awards Contracts to Aibel for Norwegian Offshore Fields
The Krafla field development will be one of the biggest development projects on the NCS in the planned realization period.
Birthplace of US Oil Boom a Decade Ago Shows Signs of Decline
Soaring oil production transformed North Dakota over the past decade but last year’s oil market downturn hit the region hard.
CEO of Shale Giant Calls for Cross-sector Collaboration
The oil and gas industry already has the experience and expertise needed to help combat climate change amid the energy transition, Occidental Petroleum CEO Vicki Hollub says.
Hart Energy Unconventional Activity Tracker (Week of Nov. 8, 2021)
The largest week-over-week increase to the U.S. rig count by major play occurred in the Permian Basin, where five rigs were added.
More Top Stories in Exporation & Production
Public Capital
Lundin Energy Reportedly Considering Sale or Merger
Responding to what it called market rumors, Lundin Energy said it “continuously engages” in opportunities and discussions that could be of value to its owners.
Public Capital
Battalion Oil Secures Strategic Refinancing to Accelerate Permian Growth
The new capital not only allows for a complete repayment of Battalion Oil’s previous credit facility, but also provides ample liquidity to accelerate the development of its Monument Draw asset in the Delaware Basin, CEO Richard Little says.
Rig Counts
Hart Energy Unconventional Activity Tracker (Week of Nov. 29, 2021)
The largest week-over-week gains to the U.S. rig count occurred in the Gulf Coast and the Anadarko Basin. Meanwhile, the Permian had the largest loss at seven rigs.
Exploration & Production
Equinor Exits Ireland with Sale of Gas Field Stake
Equinor has agreed to sell its stake in the Corrib gas field to partner Vermilion for a consideration of $434 million.
Field Development
China's CNOOC Starts Production at Second Phase of UK Buzzard Project
CNOOC Petroleum Europe Ltd., a wholly owned subsidiary of CNOOC Ltd., is the operator of Buzzard and holds 43.21% interest in the project.
Exploration & Production
Biden Calls for Higher Drilling Fees in Review of Federal Oil, Gas Leasing Program
The Interior Department report said the current federal oil and gas leasing program “falls short of serving the public interest” and called for new rules to boost royalty rates, bonding rates and other fees for producers.
Business
Energy Transition Part IV: The Role of Fracking and EOR
How hydraulic fracturing and the case for driving carbon capture utilization and sequestration forward on the basis of EOR can help achieve a feasible energy transition.
Rig Counts
Chart: Eastern Rig Count as of November 26, 2021
Alabama. Florida, Illinois, Indiana, Kentucky, Michigan, New York, Ohio, Pennsylvania, Virginia and West Virginia
Rig Counts
Chart: Gulf Coast Rig Count as of November 26, 2021
Arkansas, Louisiana, Mississippi and Texas RRC Dist. 1, 2, 3, 4., 5, 6, inland, offshore
Rig Counts
Chart: Midcontinent, Permian Basin Rig Count as of November 26, 2021
Kansas, Oklahoma, Texas Dist. 7B, 7C, 8, 8A, 9, 10