Oceaneering Won $200MM in Manufactured Products Contracts in Q4 2023

The revenues from Oceaneering International’s manufactured products contracts range in value from less than $10 million to greater than $100 million.

CNOOC’s Suizhong 36-1/Luda 5-2 Starts Production Offshore China

CNOOC plans 118 development wells in the shallow water project in the Bohai Sea — the largest secondary development and adjustment project offshore China.

Aethon’s Far Western Haynesville: Three Wells, 17.5 Bcf and Still Roaring

Aethon’s wells show no signs of flatlining—and neither are Comstock Resources’ tests, one of which has already reached nearly 50% of its previously estimated EUR.

McDermott Consortia Scoops Up Two Ruya Project Contracts

The EPCIC contracts support the expansion of the offshore Al-Shaheen Field, Qatar’s largest oil field.

E&P Highlights: Jan. 29, 2024

Here’s a roundup of the latest E&P headlines, including activity at the Ichthys Field offshore Australia and new contract awards.

CNOOC Sets Increased 2024-2026 Production Targets

CNOOC Ltd. plans on $17.5B capex in 2024, with 63% of that dedicated to project development.

E&P Highlights: Jan. 22, 2024

Here’s a roundup of the latest E&P headlines, including FIDs for the Victory and Winterfell fields and new technology updates.

Gushing, Ohio: EOG Joins Ascent, Encino in Top Oil Wells

EOG’s latest wells in its new Ohio oil play are rolling into state public records, while Ascent Resources and Encino Energy are reporting the biggest producers. All three are landing 3-milers. Some are 3.5 miles.

Guyana’s Economy to Grow 34.3% in 2024, Finance Minister Says

Guyana’s economy is expected to grow 34.3% in 2024, exceeding growth of 33% in 2023, as an Exxon Mobil Corp.-led consortium ramps up offshore oil production, according to Guyana’s finance minister Ashni K. Singh.

Trillion Revises Timeline for South Akcakoca Sub-Basin Field

Even with its revised timeline, Trillion maintains its production guidance of 7.547 MMcf/d before royalties.