The Latest
Business
Seismic Firm TGS Makes Surprise $600 Million Offer for Part of PGS
If successful, the offer to buy PGS’s multiclient library would significantly broaden TGS’s worldwide geophysical data offering, TGS said.
Exploration & Production
E&P Exploration: Planning the Most Productive Well Path
A computational approach to well trajectory planning promises significant time savings for determining an optimal well that also satisfies drilling constraints.
Private Equity
Presidio Petroleum Acquires Anadarko Position from Bankrupt Templar Energy
The acquisition of Templar Energy’s assets through a bankruptcy auction represents an expansion from the western Anadarko Basin, where Presidio Petroleum already has an established position, into Oklahoma’s STACK play.
Business
Chevron Can Put Israel’s Leviathan Gas Field on Global Stage, Partner Says
Chevron became the first energy major to enter the Israeli market when it agreed last month to buy Texas-based Noble Energy, which has stakes in Israeli offshore gas fields.
Exploration & Production
Texas Takes Steps to Reduce Flaring in Oil Sector
Changes would include reducing the amount of time an operator may get an administrative exception to flare natural gas.
Business
E&P Executive Q&A: New API Upstream VP Talks Today’s Challenging Energy Sector
Lem Smith, who was named as vice president of upstream policy for API in May, discusses the oil and gas association’s role amid the current energy climate.
Public Capital
Marathon Oil Posts Smaller-than-expected Loss after Reining in Costs
Excluding items, Marathon Oil posted a loss of 60 cents per share, smaller than analysts' estimate of 63 cents per share, according to Refinitiv IBES, while Parsley Energy posted a surprise profit.
People
Eni Names Francesco Gattei as CFO
Francesco Gattei has taken up the role of CFO at Eni, the company said on Aug. 3.
Highlights
E&P: August 2020 International Drilling Activity Highlights
Check out the latest oil and gas drilling activity highlights from around the world featured in the August issue of E&P including Equinor’s discovery of a potentially large oil reservoir offshore Canada’s Flemish Pass plus an Alaska wildcat on the North Slope reported by 88 Energy.
Restructurings
Fieldwood Energy Files for Bankruptcy for Second Time in Two Years
The Chapter 11 bankruptcy also follows the departure of Fieldwood Energy’s founder, Matt McCarroll, in early July.