The Latest
Public Capital
Houston-based VAALCO Energy Names New CEO in Strategy Shift
The VAALCO Energy board said it believes newly appointed George Maxwell’s track record of founding, building and selling a successful African energy company will help it achieve its strategy of enhancing its corporate presence in London.
Exploration & Production
Shell Plays Down Risk of Stranded Oil, Gas Reserves
Shell said in a document to investors summarizing its climate strategy that about 75% of its proved oil and gas reserves will be produced by 2030.
Public Capital
Woodside, Santos Investors Reject Oil and Gas Wind-up Resolution
Almost one-fifth of votes cast ahead of Woodside Petroleum’s annual meeting and 13% of votes of Santos were in favor of the resolution proposed by shareholder activist group pushing the company to get out of oil and gas.
Public Capital
Oasis Petroleum Names Former Anadarko Exec Danny Brown as CEO
The appointment of Daniel E. “Danny” Brown as CEO fills a role left vacant since last December when Oasis Petroleum Co-founder Thomas Nusz retired.
Exploration & Production
Bipartisan Senate Bill Would Direct Billions to Plugging Wells
Amount is nearly the level in President Biden’s infrastructure plan.
Deepwater
Top 12 Recent Gulf of Mexico Discoveries
April 2021: Middle Miocene Well in Alaminos Canyon Block 857: 3,513 bbl of Oil, 2.21 MMcf of Gas per Day
Exploration & Production
Oil Production in US Gulf Projected to Increase over Next Two Years
The EIA expects 13 new projects could account for about 12% of total crude oil production in the U.S. Gulf of Mexico, or about 200,000 bbl/d, by the end of 2022.
Exploration & Production
Total Postpones South Africa Drilling Application, Consultancy Letter Says
The delay is a potential blow to South Africa as it seeks to reduce its reliance on coal and increase the use of natural gas and renewables.
Exploration & Production
US Appeals Court Affirms Arctic, Atlantic Leasing Bans
The 9th Circuit Court of Appeals said President Joe Biden’s reinstatement of Obama-era protections makes moot the previous administration’s attempts to allow oil development there.
Exploration & Production
Appalachia and the Race to Capitalize on Higher Henry Hub Prices
Who can access spare Appalachia takeaway? This analysis takes a look at how pipeline takeaway capacity will determine which companies can grow production and on which midstream systems.