Oil and gas exploration from West Texas’ Permanent School Fund lands is currently earning school kids in Texas more than ever this year. According to the Texas General Land Office, last month private oil and gas firms paid $9.3 million for the right to explore on land owned by the state’s fund, which was set up to assist in paying Texas state government’s share of K-12 education. The companies bid for exploration rights on 6,971 acres. Last month’s quarterly lease sale resulted in a record year with a total of $133.5 million. For this and other news regarding lease sales visit the General Land Office’s website. For a detailed look at today’s record Permanent School Fund oil and gas lease sale, visit http://www.glo.texas.gov/what-we-do/energy-and-minerals/oil_gas/sealed-bid-sales/past/index.html.
2024-02-06 - Here's a look at subsea tieback projects across the globe. The first in a two-part series, this report highlights some of the subsea tiebacks scheduled to be online by 2025.
2024-02-13 - The second in a two-part series, this report on subsea tiebacks looks at some of the projects around the world scheduled to come online in 2026 or later.
2023-11-30 - Deepwater development and installation technology has come a long way since its start.
2024-02-12 - Curtiss-Wright and Petrobras will combine capabilities to deploy a subsea canned motor boosting system at a Petrobras production field in the Campos Basin.
2024-01-24 - Trendsetter Engineering's campaigns resulted in the “successful” acid treatments of a combined six wells using their subsea tree injection manifold.