Conventional

Shelf , Field Development , Conventional , Transactions

Afentra Aims to Get More Black Gold Out of Brownfields

Former Tullow Oil CEO Paul McDade is leading a new company, Afentra, aimed at rejuvenating mature West Africa oil fields.

January 24, 2023

Business , Exploration & Production , Unconventional , Highlights , Field Development , Emerging Plays , Discoveries , Conventional , Shale Plays , Drilling , Transactions

E&P Highlights: Dec. 30, 2022

Here’s a roundup of the latest E&P headlines, including a field start up and a well drilled to a basin with record depth from the past week in the upstream oil and gas industry.

December 30, 2022

Public Capital , Conventional , Acquisitions & Divestitures

W&T Offshore Eyes Future Acquisitions Following Mobile Bay Transaction

A transaction with Munich Re Reserve Risk Financing provides W&T Offshore with the dry powder needed to continue to accretively grow through “attractive producing property acquisitions,” CEO Tracy Krohn says.

May 28, 2021

Reservoir Evaluation , Conventional

Report Shows US Offshore Oil, Gas Resources Down

The biggest change in undiscovered technically recoverable oil and gas resources offshore the U.S. were seen in the Gulf of Mexico region, the BOEM says.

May 26, 2021

Unconventional , Conventional

UAE Oil Discoveries Bolster ADNOC Bid to Reach 5 MMbbl/d Capacity

United Arab Emirates' Energy Minister Suhail al-Mazrouei said on Nov. 23 the latest oil discoveries are part of state-owned Abu Dhabi National Oil Co.'s efforts to increase production capacity to 5 million barrels per day (MMbbl/d) by 2030.

November 23, 2020

Discoveries , Conventional

Eni, BP Hit Natural Gas Offshore Egypt

he Nidoco NW-1 exploratory well hit gas-bearing sands for a total thickness of 100 meters, Eni said.

September 16, 2020

Unconventional , Conventional , Drilling , Completions

Acoustic Imaging Tool Provides 360-degree Downhole View

The approach leverages sound waves to give operators eyes inside their wellbores.

February 24, 2020

Conventional

Equinor, Rosneft To Extract 250 MMbbl Of Oil At Russian Field

Oil firms Equinor and Rosneft expect to extract some 250 million barrels of oil and 23 billion cubic meters of gas during the first part of the development of the Severo-Komsomolskoye oilfield in Russia, Equinor said on Dec. 23.

December 23, 2019

Conventional

Companies Opting For Shorter Cycle Times As Conventional Projects Decline

Recent IHS Markit report says a significant rebound in discoveries may not happen because since 2014 there has been an increased emphasis on exploring less risky maturing basins and short cycle-time unconventional projects.

October 17, 2019

Public Capital , Conventional , Acquisitions & Divestitures

BP Agrees To Sell Egyptian Assets To Dragon Oil

Reuters reported last month that London-based BP was nearing the sale of the Egyptian assets to Dragon Oil for over $600 million, citing industry and banking sources.

June 3, 2019