Oil company Royal Dutch Shell Plc said June 9 it had resumed activities at its Bajada de Añelo Block in Argentina’s Vaca Muerta area after seismic activity in the region led to a halt late last week.
“Shell Argentina resumed its activities on Pad 22 of the Bajada de Añelo block, after determining that the conditions for a safe and sustainable return to work were guaranteed,” the company said in a statement.
The oil firm said June 6 it had suspended activities after seismic movements in an area of Argentina’s Neuquén province near the Andes mountains bordering on Chile.
Shell operates other areas in Vaca Muerta, a huge region of unconventional hydrocarbons including the Cruz de Lorena, Sierras Blancas, Aguila Mora and Coirón Amargo Suroeste blocks.
Oil major Exxon Mobil said Jan. 31 it would create three new separate E&P companies, effective April 1, in an effort to double its profit by 2025.
Production from Occidental Petroleum's Permian Basin unit rose 57% to 250,000 boe/d in the fourth quarter, boosted by its investments in the basin.
Patrick de la Chevardière has been Total CFO for the last 11 years and is reported to be succeeded by Jean-Pierre Sbraire, currently deputy CFO of the French oil and gas major.