Highlights , Shale Plays

Best of This Week’s Drilling Activity Highlights (Dec. 4, 2020)

Ascent Resources and CNX Utica Shale completions, a Louisiana Austin Chalk venture plus two significant discoveries reported in Egypt top this week’s drilling activity highlights from around the world.

December 4, 2020

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of Dec. 2, 2020

Here’s a snapshot of recent energy deals including the closing of Southwestern Energy’s acquisition of Montage Resources plus the $44 billion all-stock merger of S&P Global and IHS Markit.

December 2, 2020

Investment , Field Development

Tullow Oil’s New Strategy Focuses on Squeezing West Africa Fields

Britain’s Tullow Oil will commit 90% of its investments in coming years on its producing offshore oil fields in West Africa and put exploration on the back burner to reduce debt.

November 25, 2020

Earnings , Exploration & Production , Technology

Wintershall Dea Looks beyond Pandemic, Costs to Fall, Volumes to Rise

German oil and gas company Wintershall Dea said Nov. 23 the low commodity prices caused by the coronavirus crisis had hit its third-quarter results, but that sustainably lower operating costs and higher output would help long-term.

November 23, 2020

Exploration & Production , Lease Sales

Norway Offers 136 Arctic Oil Exploration Blocks

The blocks include eight regions of the Arctic Barents Sea and one in the Norwegian Sea.

November 19, 2020

Exploration & Production

Libya’s NOC, Total Discuss Increasing Production, Expanding Investment

Libya’s oil output has been rising steadily since the gradual lifting of an eight-month blockade by eastern forces in September.

November 19, 2020


E&P Plus: November 2020 International Drilling Activity Highlights

Check out the latest oil and gas drilling activity highlights from around the world featured in the November issue of E&P Plus including an exploratory test offshore Guyana by Exxon Mobil plus a deepwater gas discovery in the Turkish sector of the Black Sea.

November 18, 2020

Exploration & Production , Acquisitions & Divestitures

VAALCO Acquires Sasol's Offshore Gabon Interests, Doubling Total Production, Reserves

VAALCO Energy Inc. has signed a sale and purchase agreement to acquire Sasol Gabon SA 27.8% working interest in the Etame Marin block offshore Gabon, the company said on Nov. 17. In addition, VAALCO is acquiring Sasol’s 40% non-operated participating interest in Block DE-8 offshore Gabon.

November 18, 2020

Exploration & Production

Libyan Oil Production Tops 1.2 Million Barrels Per Day

Libya’s oil output has been rising steadily since the gradual lifting of an eight-month blockade by eastern forces in September.

November 13, 2020

Business , Exploration & Production , International , Acquisitions & Divestitures

Nigeria Case Against JP Morgan over Oil Deal to Go to Trial

The lawsuit against JP Morgan filed in the English courts in 2017 relates to the purchase of the offshore OPL 245 oil field in Nigeria by oil majors Shell and Eni in 2011.

November 12, 2020