Marcellus and Haynesville well completions by Chesapeake Energy plus EOG Resources’ recent Eagle Ford and Wolfcamp shale discoveries top this week’s drilling activity highlights from around the world.
A consortium of France’s Total, Italy’s Eni and Russia’s Novatek signed an agreement with Lebanon in 2018 to explore for oil and gas in two offshore blocks.
Three Haynesville producers in De Soto Parish, La., Marathon Middle Bakken completions and a Barnett Shale discovery by Devon Energy top this week’s drilling activity highlights from around the world.
Egypt has reached initial agreements with five major energy firms to explore for oil and gas in deep waters in off its western coast on the Mediterranean, the petroleum minister said.
Noble Energy President Brent Smolik, in a post-earnings conference call, said the company would consider monetizing the Eagle Ford Shale asset "if somebody came with a big enough check."
Central to progress will be a multibillion-dollar FLNG terminal that would float in the eastern Mediterranean and allow exports to Europe, Yigal Landau, CEO of Ratio Oil, a minority partner in Leviathan, told Reuters.
The offshore Leviathan project came online a month ago and is already supplying Egypt and Jordan with natural gas.
The deals involve a minimum investment of $332 million, the petroleum ministry said in a statement.
Israel will initially export 200 million cubic feet of gas per day to Egypt, two Egyptian industry sources said.