Arctic

Exploration & Production , International , Health, Safety & Environment

Greenpeace Loses Norway Arctic Oil Lawsuit Appeal

The lawsuit is seen as part of an emerging branch of law worldwide where plaintiffs seek to use a nation's founding principles to make the case for curbing emissions.

January 23, 2020

Exploration & Production

Eni’s Goliat Oil Field Output Cut By Technical Issues in 2019

The field has experienced long unplanned outages during its first years of operation, with Norwegian authorities forcing Eni to temporarily shut the field due to safety issues in one instance.

January 16, 2020

Field Development

Lundin Scales Back Ambitions For Arctic Oilfield Development

The Swedish company said on Jan. 13 it had cut its resources estimate for the Alta oil discovery in the Barents Sea and no longer saw Alta and the nearby Gohta find as commercially viable for joint field development.

January 13, 2020

Highlights

Best Of This Week’s Drilling Activity Highlights (Jan. 3, 2020)

Stack Play Meramec producers, EOG Wolfcamp completions and a Utica Shale well by Ascent Resources tops this week’s drilling activity highlights from around the world.

January 3, 2020

Trends

A&D Transactions From The Week Of Dec. 18, 2019

Here’s a snapshot of energy deals from the past week including the $2.5 billion acquisition PE-backed Felix Energy by WPX Energy in the Permian Basin.

December 18, 2019

Field Development , Crude Oil , Midstream

Equinor To Export Oil From Castberg Field Direct To Market

The field is expected to start production in 2022.

December 13, 2019

Public Capital , Private Equity , Acquisitions & Divestitures , Trends

Upstream M&A, Capital Raising Fell To Around $63 Billion Last Quarter

M&A and capital raising value in the upstream fell by 50% from the previous quarter’s $126.8 billion, totaling $63.4 billion, according to a recent report.

December 12, 2019

Exploration & Production , Lease Sales

US Holds Most Successful Alaska Lease Sale In 13 Years

North Slope Exploration, associated with William Armstrong of Denver-based Armstrong Energy, submitted almost all of the bids, accounting for 85 of the 92 tracts.

December 12, 2019

Exploration & Production

Alaska Forecast Predicts North Slope Oil Production To Continue Slide

Alaska North Slope oil production has slipped below 500,000 barrels per day and will decline further in coming years, according to the latest forecast released by the state Department of Revenue.

December 9, 2019

Public Capital , Earnings , Exploration & Production , Shale Plays , Acquisitions & Divestitures

BP Warns Of Multibillion-Dollar Third-Quarter Charges

BP will take charges of $2 billion to $3 billion in the third quarter, as the British energy firm looks to reach divestments worth $10 billion a year ahead of schedule.

October 11, 2019