The Latest

Exploration & Production

FourPhase Delivers Production Optimization Project in North Sea

FourPhase, the solids and production performance specialist for the oil and gas sector, has successfully deployed its efficient DualFlow solids removal technology on April 21 for an intervention project with an independent E&P company on the Danish Continental Shelf in the North Sea.

April 21, 2021

Field Development

Exxon Mobil Cranks Up West Barracouta Offshore Australia

Exxon said the project enables the delivery of gas to southern and eastern Australian states, where a potential gas shortfall had been predicted as early as 2023.

April 21, 2021

Discoveries

Equinor Strikes Oil, Gas at Tyrihans Field in Norwegian Sea

The discovery, deemed commercial by the Norwegian major, is believed to hold estimated recoverable resources of between 19 and 26 million barrels of oil equivalent.

April 21, 2021

Exploration & Production

E&P Plus: Permian in the Middle East? UAE to Replicate US Shale Boom

The UAE’s unconventional resources show promising results, with production potential comparable to the most prolific North American shale plays.

April 20, 2021

Exploration & Production

Subsea Operations: Building a Better Future Offshore through Time Travel

By using data in new and powerful ways, oil and gas operators can pause, rewind and assess offshore assets rather than galloping off into an unknown or uncertain future.

April 20, 2021

Exploration & Production

Norway’s March Oil, Gas Output Lags Official Forecasts

Crude oil output fell 1.1% from February to 1.773 million barrels per day in March, while the NPD’s forecast for the month had stood at 1.785 MMbbl/d.

April 20, 2021

People

Road Blocks at Argentina’s Vaca Muerta Shale Deposit Slow Oil, Gas Output

The striking workers are asking for a 40% raise, union representative Marco Campos said on April 19.

April 20, 2021

Earnings

SilverBow Resources Reports Results of First Austin Chalk Well

Early results from SilverBow Resources’ first Austin Chalk well are “very encouraging,” setting up the potential to add more locations to the company’s high rate of return drilling inventory, SilverBow CEO Sean Woolverton says.

April 20, 2021

Rig Counts

Hart Energy Unconventional Activity Tracker (Week of April 19, 2021)

The U.S. rig count rose by one in the last week to 509 as of April 14, according to Enverus Rig Analytics. The count is up 5% in the last month but down 7% year-over-year.

April 19, 2021

Private Equity

Vortus Forms Permian Basin JV Initially Focused in New Mexico’s Eddy County

Stateline Operating, a newly formed JV between Vortus Investment Advisors and Flat Creek Resources, will initially focus on the development of existing oil-rich assets in New Mexico’s Eddy County in the Delaware Basin.

April 19, 2021