The Latest
Deepwater
Wireline-deployed Milling Services Enlarge a Tubing Hanger in Deepwater Congo
A case study details how a company enlarged a hardened tubing hanger while also preserving its mechanical integrity.
Deepwater
Top 12 Recent Gulf of Mexico Discoveries
July 2021: Walker Ridge Block 758 Discovery Tested Flowing 5,701 bbl of Oil, 12.77 MMcf of Gas per Day
Discoveries
Total, APA Discover More Oil Offshore Suriname
The discovery marks another important step toward commercial oil development in the southeast portion of Block 58.
Business
Equinor, Total Exit Venezuela Onshore Oil Project
Prior to the sale, TotalEnergies held a 30.33% stake in Venezuela’s onshore Petrocedeno project while Equinor owned 9.67%. A unit of state oil firm PDVSA held the remaining 60%.
Discoveries
Exxon Mobil-led Group Logs New Oil Discovery Offshore Guyana
The discovery adds to the previous recoverable resource estimate of approximately 9 billion oil equivalent barrels.
Exploration & Production
‘Terminal Decline’ in Decline Curve Analysis of Oil Wells
RED President Steve Hendrickson discusses the concept of terminal decline in decline curve analysis used to describe the “typically” late-life production rate behavior of oil and gas wells.
Field Development
Proserv Secures ‘Significant’ Contract for Majnoon Oil Field in Iraq
Houston-based KBR facilitated the deal with Proserv aimed at boosting oil production capabilities at a key Iraqi asset.
Earnings
Hess to Add Rig in Bakken Basin, Beats Profit Estimates
U.S. oil producer Hess Corp. said on July 28 it planned to add a rig in North Dakota's Bakken basin in September, after topping estimates for second-quarter profit on a rebound in crude prices.
Exploration & Production
Review of Federal Oil, Gas Leasing Program Nearing Completion: Haaland
The Biden administration earlier this year stopped holding federal oil and gas lease sales, pending the review, but a federal judge last month ruled that his leasing freeze was unlawful.
Public Capital
Talos Energy Achieves First Production at Tornado Attic Well
Talos Energy executed completion operations for the Tornado Attic well in the U.S. Gulf of Mexico’s Green Canyon area and achieved first production in mid-July.