The Krafla field development will be one of the biggest development projects on the NCS in the planned realization period.
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.
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.
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.
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.
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.
Equinor has agreed to sell its stake in the Corrib gas field to partner Vermilion for a consideration of $434 million.
CNOOC Petroleum Europe Ltd., a wholly owned subsidiary of CNOOC Ltd., is the operator of Buzzard and holds 43.21% interest in the project.
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.
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.
Arkansas, Louisiana, Mississippi and Texas RRC Dist. 1, 2, 3, 4., 5, 6, inland, offshore