More Top Stories in Exporation & Production

Exploration & Production

US Scraps Three Offshore Oil and Gas Drilling Auctions

The three sales were the last to be held under a 5-year plan for leasing in federal waters on the outer continental shelf. That plan expires in June, and the Biden administration has not finalized a new program.

May 12, 2022

Public Capital

Occidental CEO Says More Oil Production Would Hurt Shareholders

Occidental Petroleum will resume its share repurchase program this quarter after reaching its $20 billion net debt target, CFO Robert Peterson also said during the call.

May 11, 2022

Exploration & Production

US Asked Petrobras to Raise Oil Output; It Said No: Sources

During a March meeting, U.S. officials asked Petrobras if the company had the capacity to increase short-term production, according to U.S. government and Petrobras sources, who requested anonymity to discuss private talks.

May 10, 2022

Exploration & Production

Executive Q&A: How Unified Data Solutions Increase Upstream Efficiency

Datagration’s vice chairman Ike Epley shared how the company’s software platform boosts efficiency, safety and revenue through unified data solutions.

May 10, 2022

Exploration & Production

Equinor Sells Stakes in 2 Norway Fields for $1 Billion Cash

“The agreement includes a cash consideration of $1 billion and a contingent payment structure linked to realized oil and gas prices for both assets for 2022 and 2023,” Equinor said in a statement.

May 10, 2022

Discoveries

Frontera, CGX Energy Say Light Oil, Gas Condensate Found in Guyana

The joint venture is expected to be the next consortium in moving oil exploration projects in Guyana to the development phase if discoveries are declared commercial.

May 10, 2022

Exploration & Production

W&T Offshore, KNOC Form Partnership to Pursue JV Opportunities

Through a non-binding MOU, W&T Offshore and KNOC will explore potential joint ventures in upstream oil and gas as well as opportunities related to energy transition and the reduction of global carbon emissions.

May 9, 2022

Exploration & Production

Disrupting the Shale Play: Raising the Bar in Flow Control Assurance

In an industry keen to maximize efficiency, shale service providers continue to explore durable and reliable solutions that extend pump hours and add tangible value to their operations and those of their clients.

May 9, 2022

Exploration & Production

PDC Energy Completes $1.3 Billion Great Western Petroleum Acquisition

In addition, PDC Energy said May 6 it paid off the Great Western Petroleum secured credit facility totaling $235 million and $312 million in principal amount of Great Western’s 12% senior secured notes due 2025.

May 9, 2022

Field Development

ConocoPhillips Plans $1.1 Billion Investment as Norway Oil Sector Heats Up

Known as Eldfisk North, the development is part of the wider Ekofisk area in the Norwegian North Sea, where ConocoPhillips has pumped hydrocarbons for more than 50 years. The U.S. operator said the new reserves are expected to come onstream in 2024.

May 9, 2022