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OTC 2022: The Promise (and Problems) of Low-carbon Offshore Production
Reaching decarbonization goals involves internal discussions over the best technologies to implement for projects that, offshore, may not see first oil for five years, says Petrobras’ João Henrique Rittershaussen during an OTC panel discussion.
OTC 2022: How BP is Optimizing Gulf of Mexico for Net-zero World
BP’s Starlee Sykes provided an inside look during an OTC keynote presentation on how the operator is optimizing all four of its producing hubs in the Gulf of Mexico as part of its net-zero goals.
Exxon Mobil Makes Three New Discoveries Offshore Guyana as Stabroek Resource Estimate Grows
The three new discoveries offshore Guyana increases Exxon Mobil’s estimate of the recoverable resource for the Stabroek Block to nearly 11 billion oil-equivalent barrels.
‘Sticker Shock’ in the Oil Patch
Oil drillers see “very busy years ahead” for the U.S. shale patch on high crude prices, according to the CEOs of Halliburton and Baker Hughes.
More Top Stories in Exporation & Production
Rig Counts
US Drillers Add Oil and Gas Rigs for Ninth Week in a Row
Baker Hughes said that puts the total rig count up 273, or 60%, over this time last year.
May 20, 2022
Exploration & Production
Remote Subsea Monitoring Utilizing High Bandwidth Optical Data Telemetry
New technology developed by Ashtead Technology and Hydromea utilizing high bandwidth optical data telemetry is proving to be a game changer for remote subsea structure monitoring systems.
May 20, 2022
Business
Norwegian Oil Drilling Labor Union Seeks Mediation as Wage Talks Falter
Norwegian oil drilling labor unions move closer to strike action as they seek a state-appointed mediator, with talks of a potential strike resuming at a later date.
May 20, 2022
Discoveries
ADNOC Announces Three New Oil Discoveries
The discovery includes 500 million barrels of oil from an exploration well in the field.
May 19, 2022
Exploration & Production
Permian Delaware Output to Hit Record High this Year: Rystad Energy
Private operators will be a significant driver of the record growth as they have reacted quickly to the elevated market, increasing activity and output.
May 19, 2022
Field Development
Ecopetrol, Occidental Petroleum to Jointly Develop Offshore Oil Blocks
Ecopetrol will take a 40% stake in the blocks while Occidental Petroleum subsidiary Anadarko Colombia Co. will have a 60% stake and will serve as the blocks’ operator, Ecopetrol said.
May 19, 2022
Business
DNV: Energy Executives Anticipate More Cyberattacks, Yet Defense Efforts Lag
Research by DNV revealed that energy professionals believe that cyberattacks on the industry are likely to cause harm to life, property and the environment in the next two years.
May 18, 2022
Exploration & Production
Seneca Resources Exits California in Deal for Cash, Fewer Emissions
National Fuel touted the environmental benefits of the sale by its E&P segment Seneca Resources, including a 55% reduction in CO₂ equivalent emissions.
May 18, 2022
Exploration & Production
Helix to Acquire Privately Held Alliance for $120 Million
In addition to a focus on well intervention and robotics operations, Helix is pursuing an energy transition business model, which CEO Owen Kratz says the expanded decommissioning presence from the Alliance acquisition furthers.
May 17, 2022
Exploration & Production
Diversified Energy Acquires Ohio-based Nick’s Well Plugging
With its investment in Ohio-based Nick’s Well Plugging, Diversified Energy says it is well-positioned to meet or exceed its stated commitment to retire at least 200 of its wells per year across Appalachia by 2023.
May 17, 2022