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Hart Energy
Apache, Total Hit Oil Pay Offshore Suriname
The latest oil find by Total and partner Apache follows discoveries at Maka Central, Sapakara West and Kwaskwasi.
Pioneer’s Sheffield: Focus Remains on Permian Basin Flaring
With new pipelines online or under construction, Permian Basin operators, regulators and other industry players keep flaring reduction on the agenda.
Eyeing Exploration, Analysts Spotlight Wells to Watch
Though oil and gas companies’ plans are still developing, the Americas are expected to dominate high-impact exploration activity.
Barclays Forecasts Slight Uptick in Global E&P Spending
Some parts of the world are poised to see spending growth, while others remain in recovery mode during a “transition year” for the oil and gas industry.
The Latest
Restructurings
NGL Energy Partners Provides Settlement Update on Extraction Bankruptcy
Extraction Oil & Gas is a customer of Grand Mesa Pipeline, a subsidiary of NGL Energy Partners that provides takeaway capacity for crude oil producers in the D-J Basin where Extraction’s operations are focused.
January 19, 2021
Rig Counts
Hart Energy Unconventional Activity Tracker (Week of Jan. 18, 2021)
The U.S. rig count rose by 10 in the last week, according to Enverus which also notes that the count is down less than 1% in the last month and down 50% year-over-year.
January 19, 2021
Exploration & Production
E&P Plus Digital Solutions: AI-powered Gas Leak Detection Technology Improves Workplace Safety
The new AI module provides pattern-finding automation for gas leak detection.
January 19, 2021
Discoveries
Kosmos, Partners Hit Oil in GoM’s Green Canyon Area
The Winterfell ILX well, designed to test a subsalt Upper Miocene prospect in Green Canyon Block 944, hit about 26 m (85 ft) of net oil pay in two intervals, Kosmos said.
January 19, 2021
Field Development
Equinor Awards Wireline Services Deals to Altus, Archer
Altus Intervention AS and Archer Integrated Services AS have been awarded framework contracts on Jan. 19 for supplying integrated wireline services within well intervention to Equinor’s fixed platforms.
January 19, 2021
Exploration & Production
Norway Awards Oil, Gas Exploration Rights to 30 Firms
Firms that won stakes in the licenses included Equinor, Shell, Aker BP, ConocoPhillips, Total, Lundin Energy and Eni’s Vaar Energi.
January 19, 2021
Exploration & Production
Report: Methane Emissions from Oil, Gas Production Fell 10% in 2020
In 2020, oil and gas operations emitted over 70 million tonnes of methane, or around 10% less than in 2019, the IEA says.
January 19, 2021
Public Capital
ConocoPhillips Completes Concho Acquisition; Tim Leach Joins Leadership
The Concho acquisition gives ConocoPhillips about 700,000 net acres in the Permian Basin—more than quadruple the size of its previous position in the Permian.
January 19, 2021
Exploration & Production
Exxon Mobil Says Latest Guyana Well Did Not Find Oil in Target Area
The disappointment at Hassa-1 comes after Exxon said in November its crude discovery at the Tanager-1 well in the Kaieteur block was not financially viable on its own.
January 15, 2021
Field Development
Nigeria’s Heirs Holdings Buys 45% of Oilfield OML 17
In a separate statement, TNOG owner Heirs Holdings said it had taken a 45% stake in the field, acquiring the stakes of Shell, Total and Eni.
January 15, 2021