The Latest

E&P Highlights: Feb. 26, 2024

Here’s a roundup of the latest E&P headlines, including interest in some projects changing hands and new contract awards.

Vital Energy's ‘Wildly Successful’ 2023 ‘Small Ball’ M&A Now in ‘Moneyball’ Mode

The operator added big runs in $1.6 billion of 2023 deals. Now Vital is looking to make more out of its hits via geology and geophysics, including steals “for free.” Still, it might pick up big consolidators’ cast-offs.

US Drillers Add Most Oil Rigs in a Week Since November

The oil and gas rig count rose by five to 626 in the week to Feb. 23

Shell Brings Deepwater Rydberg Subsea Tieback Onstream

The two-well Gulf of Mexico development will send 16,000 boe/d at peak rates to the Appomattox production semisubmersible.

To Dawson: EOG, SM Energy, More Aim to Push Midland Heat Map North

SM Energy joined Birch Operations, EOG Resources and Callon Petroleum in applying the newest D&C intel to areas north of Midland and Martin counties.

Permian Activity in ‘Low-to-no-growth’ Mode for First Half

After multiple M&A moves in 2023 and continued E&P adherence to capital discipline, Permian Basin service company ProPetro sees the play holding steady.

After 4Q Struggles, Transocean’s Upcycle Prediction Looks to Pay Off

As Transocean executives predicted during third-quarter earnings, the company is in the middle of an upcycle, with day rates and revenues reaching new heights.

Woodside’s Pluto Train 2 Nears 2026 Start Up with Modules Delivery

First 3 of 51 modules have arrived on site in Western Australia for the onshore LNG project that will receive gas from the offshore Scarborough project.

Tech Trends: Halliburton’s Carbon Capturing Cement Solution

Halliburton’s new CorrosaLock cement solution provides chemical resistance to CO2 and minimizes the impact of cyclic loading on the cement barrier.

E&P Highlights: Feb. 16, 2024

From the mobile offshore production unit arriving at the Nong Yao Field offshore Thailand to approval for the Castorone vessel to resume operations, below is a compilation of the latest headlines in the E&P space.