Emerging Plays

Emerging Plays

Tullow Oil Eyes Next Hot Spot, Gears Up For Guyana Probe

Tullow positions itself offshore Comoros, a potential future oil and gas hot spot, as it prepares to drill offshore Guyana next year.

December 11, 2018

Unconventional , Emerging Plays

Argentina Reveals $2.3 Billion Joint Shale Oil Project With Petronas

Argentina’s state-controlled energy company YPF and Malaysia’s Petronas are forming a joint venture to invest $2.3 billion over the next four years in the country’s Vaca Muerta shale oil fields, the president’s office announced on Dec. 4.

December 5, 2018

Tankers , Emerging Plays , Unconventional , Crude Oil , Joint Ventures , Pipelines

Rising US Crude Output Sparks Race To Build Export Terminals

A high-stakes competition is emerging among energy exporters proposing multi-million-dollar crude terminals along the U.S. Gulf Coast to handle a gusher of shale oil coming from West Texas oilfields.

October 31, 2018

Field Development , Emerging Plays , Technology

Cuadrilla Pauses Gas Fracking Again At English Site After Tremor

British shale gas company Cuadrilla has paused fracking at its Preston New Road site in northwest England for the second time in two weeks, after a tremor with a magnitude of 1.1 was detected on Oct. 29, the company said.

October 29, 2018

Emerging Plays , Field Development

Oil Output From Saudi, Kuwait Shared Zone On Hold As Relations Sour

The two countries halted output from the jointly run Khafji and Wafra oil fields in the so-called Neutral Zone more than three years ago, cutting some 500,000 barrels per day, or 0.5%, of global oil supply.

October 17, 2018

Emerging Plays , Unconventional , Company Profiles , Field Development

Apache CEO Shares Insight On Permian’s Alpine High

Perceptions have changed for the better for the emerging oil and gas play as activity increases and others move into the neighborhood.

October 11, 2018

Emerging Plays , Crude Oil , Technology

OPEC Oil Output Boost In September Limited By Iran Losses

OPEC delivered only a limited increase in oil production in September, a Reuters survey on Oct. 1 has found, as a cut in Iranian shipments due to U.S. sanctions offset higher output in Libya, Saudi Arabia and Angola.

October 1, 2018

Unconventional , Emerging Plays

Breaking Good In Albuquerque

Despite recently being overshadowed by the neighboring San Juan, the Albuquerque Basin is expected to have resource potential in line with higher profile basins such as the Eagle Ford and Bakken shales.

September 28, 2018

Emerging Plays , Lease Sales

Norway Gets Bids From 38 Oil Firms In Licensing Round

Bidders include oil majors Shell (NYSE: RDS.A), ConocoPhillips (NYSE: COP) and Total (NYSE: TOT), as well as Norway’s Equinor (NYSE: EQNR) and Aker BP, Sweden's Lundin and Italy’s Eni (NYSE: E).

September 7, 2018

Business , Emerging Plays , Field Development , Unconventional , Technology , Acquisitions & Divestitures

Summer NAPE: Oil Companies Look To Form Partnerships

Acreage in the Louisiana Austin Chalk and Anadarko Basin’s Oswego Formation were among the prospects presented during Summer NAPE.

August 17, 2018