The U.S. Treasury Department on Jan. 18 granted permission for Chevron Corp, the last major U.S. oil company operating in Venezuela, to continue working in the country until April 22.
Continental Resources’ Middle Bakken discovery, extended-lateral Haynesville Shale producers and a Wolfcamp well tested by EOG top this week’s drilling activity highlights from around the world.
OPEC expects lower demand for its crude oil in 2020 as rival producers grab market share and the U.S. looks set for another output record.
Horizontal Well Drillers LLC, a closely held U.S. driller, has shut its doors, according to three people familiar with the matter.
Results from the Maka Central discovery prove “significant potential” for the entire 1.4 million acres that comprise Block 58 offshore Suriname, says Apache CEO John Christmann.
Tullow Oil said the Carapa well offshore Guyana had struck oil at about 4 m of net pay, which analysts believe is unlikely to be commercially viable.
Norway's Equinor ASA has submitted to Brazil's oil industry regulator ANP declarations of the commercial viability of two blocs licensed in the Carcara oil field in the pre-salt region of the Santos basin, the company said on Dec. 26.
Royal Dutch Shell won the rights to market Guyana's first cargoes of crude oil, the government said on Dec. 24, just days after oil production began and launched the impoverished South American country into the ranks of world suppliers.