Equinor, Partners Make Discovery at Garantiana West Prospect in North Sea
Recoverable resources are between an estimated 8 and 23 million barrels of oil equivalent, Equinor and partners say.
Norway Not Ready to Let Go of Oil, Gas in Push for Greener Energy
Europe’s second largest oil and gas producer will continue to hold regular licensing rounds, offering exploration acreage to energy firms, the government said.
Exxon Mobil Makes 20th Discovery Offshore Guyana
The company said June 9 the Longtail-3 well encountered 230 ft of net pay, but Koebi-1 was deemed non-commercial.
Talos Energy Jumps into Carbon Capture Storage with JV
The Gulf of Mexico is believed to have more than 30 gigatons of available CO2 storage, according to Talos.
The Latest
Field Development
Williams Signs Deepwater Export Agreement for Gulf of Mexico Field
Williams said it reached an export agreement with Beacon Offshore and its co-owner for the Shenandoah deepwater oil field through its Discovery infrastructure in the central Gulf of Mexico.
Exploration & Production
North American Oil Service Firms’ Pricing, Hiring on the Upswing
Companies report drilling and well completions activity and pricing are edging higher.
Exploration & Production
Ring Energy Brings Northwest Shelf Wells Online in Permian Basin
Successful results from Ring Energy’s development program in the Permian Northwest Shelf are “encouraging and reinforce our confidence in the strong inventory of drilling locations on our NWS acreage,” says CEO Paul D. McKinney.
Field Development
BHP Taps McDermott for GoM Subsea Installation
The project is located approximately 138 miles (222 km) offshore in the Gulf of Mexico at a water depth of 4,400 ft.
Field Development
Subsea Integration Alliance Lands EPCI Contract for Bacalhau Field Offshore Brazil
Offshore activities will begin in 2022 using Subsea 7’s reel-lay, flex-lay and light construction vessels, Schlumberger says.
Exploration & Production
Federal Judge Halts Biden’s Pause on Oil and Gas Leasing
The Interior Department said it would comply with the ruling by a federal judge in Louisiana, but did not say when oil and gas leasing on public lands might resume.
Business
Oil and Gas Investor: Artificial Lift—An Uplifting Choice
The U.S. land artificial lift market continues to be one of the most dynamic segments as oil and gas operators strive to maximize production while optimizing lifting cost.
Exploration & Production
Petrobras Aims to Raise Gas Production, Imports amid Drought
Petrobras is also in talks with Bolivia’s YPFB to review gas contracts and increase supply to Brazil.
Exploration & Production
Equinor Plans to Spend More on Renewables as Oil Output Rises
Equinor said it would dedicate more than 50% of investments to renewables and CO2 capture by 2030, from less than 5% in 2020.
Reservoir Evaluation
Tech Trends (Week of June 14, 2021)
This weekly section highlights the latest upstream technologies designed to improve efficiencies.