Asia Pacific
Highlights , Shale Plays
Best of This Week’s Drilling Activity Highlights (July 2, 2020)
Powder River Basin Niobrara Shale well completed by EOG Resources in Wyoming’s Converse County plus LLOG Exploration’s results from a U.S. Gulf of Mexico discovery top this week’s drilling activity highlights from around the world.
Completions
Schlumberger Introduces Symphony Live Downhole Reservoir Testing
The technology platform enables well-testing control to deliver real-time downhole measurements.
Discoveries
CNOOC Makes Oil, Gas Discovery in South China Sea
The discovery well HZ26-6-1 was drilled and completed at a depth of 4,276 m and encountered oil and gas pay zones.
Crude Oil
China’s Saudi Oil Imports Surge in May to All-time High
In May, Chinese refineries received their first crude cargo from the U.S. since November, of around 550,000 tonnes, the customs data released late on June 25 showed.
Crude Oil , International
Oil Steady After Navarro Walks Back Market-Jolting Comments
Trump insists the trade deal with China is intact after the trader adviser said it was ‘over.’
Exploration & Production , International
China Targets Rise in Oil, Natural Gas Output this Year
Despite price collapse, China is pursuing energy security.
Seismic
TGS Commences Seismic Data Project Offshore Timor-Leste
TGS, a leading provider of multi-client geoscience data for E&P companies, said June 17 that in collaboration with the ANPM, it has commenced a 2Dcubed seismic data project covering offshore Timor-Leste, in support of the country’s ongoing license round.
Technology
Caterpillar Oil & Gas Introduces First Gas Engine Produced in China
Caterpillar Oil & Gas on June 11 introduced Cat G3520J, the first gas engine manufactured at Caterpillar China Tianjin Ltd. (CTL) for oil and gas applications.
Subsea
Deep Down Receives Subsea Orders Totaling Approximately $2 Million
Deep Down Inc., a specialist in subsea oil and gas production control equipment and services, has received material orders from two customers totaling approximately $2 million on June 9.
Crude Oil , Shale Plays
Opinion: Saudi Crude Price Hike Throws Asian Lifeline to US Shale
Outside of China, the consumption recovery is weak and refiners continue to struggle.