The Latest

Drowning in Produced Water: E&Ps Seek Economic Ways to Handle Water Surge

Strained disposal limits push beneficial reuse to the forefront for produced water management. 

Vista to Import New Fracking Set to Boost Production at Argentina's Vaca Muerta

Vista Energy will import a new fracking set in the Vaca Muerta and sealed an agreement with SLB for the new equipment.

E&P Highlights: May 13, 2024

Here’s a roundup of the latest E&P headlines, with a couple fields coming online, as well as new contract awards.

ADNOC Drilling Secures $1.7B Contract for Unconventionals Recovery

ADNOC Drilling’s new incorporated company, Turnwell Industries, will deliver a total of 144 unconventional wells, as per the contract.

Equinor Says EQT Asset Swap Upgrades International Portfolio

Equinor CFO Torgrim Reitan says the company’s recent U.S. asset swap with EQT Corp. was an example of the European company “high-grading” its international E&P portfolio.

Halliburton’s Low-key M&A Strategy Remains Unchanged

Halliburton CEO Jeff Miller says expected organic growth generates more shareholder value than following consolidation trends, such as chief rival SLB’s plans to buy ChampionX.

Haynesville’s Harsh Drilling Conditions Forge Tougher Tech

The Haynesville Shale’s high temperatures and tough rock have caused drillers to evolve, advancing technology that benefits the rest of the industry, experts said.

CERAWeek: Tecpetrol CEO Touts Argentina Conventional, Unconventional Potential

Tecpetrol CEO Ricardo Markous touted Argentina’s conventional and unconventional potential saying the country’s oil production would nearly double by 2030 while LNG exports would likely evolve over three phases.

Chevron Hunts Upside for Oil Recovery, D&C Savings with Permian Pilots

New techniques and technologies being piloted by Chevron in the Permian Basin are improving drilling and completed cycle times. Executives at the California-based major hope to eventually improve overall resource recovery from its shale portfolio.

Petrobras Eyes Capex of $102B Under New Strategic Plan

Petrobras plans to invest $102 billion between 2024-2028 under its new strategic plan, up 31% compared to their 2023-2027 plan, aiming to achieve production of 3.2 MMboe/d by the end of the five-year timeframe.