Velda
Addison
Hart Energy
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.
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.
Report Shows Big Oil’s Proved Reserves Dwindling
The drop, according to Norway-headquartered Rystad Energy, could result in oil reserves running out within 15 years if large commercial discoveries are not made quickly.
Analysts Forecast US Shale Growth Likely by Year-end
As the oil sector rebounds from a tough 2020, analysts discuss trends and what the future could hold for U.S. shale.
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