If successful, the offer to buy PGS’s multiclient library would significantly broaden TGS’s worldwide geophysical data offering, TGS said.
A computational approach to well trajectory planning promises significant time savings for determining an optimal well that also satisfies drilling constraints.
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.
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.
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.
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.
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.
The Chapter 11 bankruptcy also follows the departure of Fieldwood Energy’s founder, Matt McCarroll, in early July.