Chris
Mathews
Hart Energy
CNOOC Encounters High Yield Well in Beibu Gulf
CNOOC’s well was tested to produce over 1,000 cu. m/d of oil equivalent, making it the first well of such productivity in the Wushi Sag area.
Oceaneering Awarded Multiple GoM Vessel Services Contracts
Oceaneering also secured two separate pricing agreements that include the use of new technologies from its integrated, customizable IMR service.
Worley to Service BP’s Global Site Projects
BP and Worley’s collaboration plans to save an initial estimated $40 million over two years across BP’s sites where Worley holds a service contract.
Petrobras to Reactivate ANSA Fertilizer Plant in Southern Brazil
Brazil’s state-owned Petrobras looks to restart operations at its Araucária Nitrogenados fertilizer plant, located in Brazil’s state of Paraná, in the second-half of 2025.
The Latest
Baytex Energy Joins Eagle Ford Shale’s Refrac Rally
Canadian operator Baytex Energy joins a growing number of E&Ps touting refrac projects in the Eagle Ford Shale.
CEO: Baker Hughes Lands $3.5B in New Contracts in ‘Age of Gas’
Baker Hughes revised down its global upstream spending outlook for the year due to “North American softness” with oil activity recovery in second half unlikely to materialize, President and CEO Lorenzo Simonelli said.
US Rig Count Makes Biggest Monthly Jump Since November 2022
The oil and gas rig count, an early indicator of future output, rose by three to 589 in the week to July 26.
Private Equity Looks for Minerals Exit
Private equity firms have become adroit at finding the best mineral and royalties acreage; the trick is to get public markets to pay more attention.
BP and NGC Sign E&P Deal for Offshore Venezuelan Cocuina Field
BP and NGC signed a 20-year agreement to develop Venezuela’s Cocuina offshore gas field, part of the Manakin-Cocuina cross border maritime field between Venezuela and Trinidad and Tobago.
CNX Touts Deep Utica Wells Results as Deferrals Hit Production
Appalachia producer CNX Resources is reporting promising early results from two of three deep Utica Shale wells brought online in central Pennsylvania last quarter.
H&P’s $2B KCA Deutag Deal Positions Driller as Global Powerhouse
Helmerich & Payne’s acquisition of U.K. service company KCA Deutag will expand its international reach, particularly in the Middle East, as well as its onshore presence in the U.S.
Dividends Declared in the Week of July 22
Second quarter earnings are underway, and companies are declaring dividends.
Nabors’ High-spec Rigs Help Keep Lower 48 Revenue Stable in 2Q
Nabors’ second quarter EBITDA was down 1% quarter-over-quarter but the company sees signs of increased drilling activity in international markets the second half of the year.
Helmerich & Payne to Acquire KCA Deutag for $2B
H&P expects the acquisition of KCA Deutag to expand its international footprint, particularly in the Middle East, and enhance its global onshore drilling role.