Upstream activity will fuel the region as a leader on the road to recovery.
North Dakota’s oil production rose about 12% to 1.16 million barrels per day (MMbbl/d) in August as more wells and drilling rigs resumed production after a drop earlier this year, the state's regulator said on Oct. 16.
The project was delayed by one year to 2024 because of the coronavirus pandemic, according to a securities’ filing Oct. 16.
SBM Offshore lands contract for FPSO, while TechnipFMC secures work for the subsea system for the development.
Kinder Morgan's pipeline, Lockridge, is designed to remove natural gas from the Permian Basin where pipeline capacity has not kept up with the amount of gas associated with oil production.
Lundin Energy has raised its reserve estimate for Norway’s Edvard Grieg oil field by 50 million barrels of crude, an increase of 17%, and boosted output plans for the coming years, the Swedish company said on Sept 29.
Exxon, along with consortium partners Hess Corp. and China’s CNOOC Ltd., expects to eventually produce 220,000 barrels per day of crude from Payara.
The Norwegian oil and energy ministry has received applications from 33 companies for oil and gas licenses in so-called mature offshore areas, it said on Sept. 25.
Range Resources CEO Jeff Ventura called the ethylene cracker being built by State-owned Thai oil and gas company PTT PCL along the Ohio River in Belmont County a “win-win-win” for the company, PTT and Northeast communities.