South America
Energy Transition , Technology
Woodside Collaborates with Bill Gates-backed Heliogen on Solar Project
Heliogen has been granted a Limited Notice To Proceed by Woodside to begin procurement of key equipment for a 5 megawatt (MW) commercial-scale demonstration facility in California.
Field Development
Chevron Signs Offshore Oil Output Sharing Contract with Suriname State Firm
Chevron, which agreed to pay a signing bonus of $30.88 million, is expected to cover the offshore block’s exploration costs in a first phase that will last six years, Suriname state oil company Staatsolie said.
Field Development , Digital Oilfield , Logistics
Expro’s Octopoda Achieves World Record Depth for Annular Intervention
The Octopoda system successfully reached 300 m in the annulus, a world record depth, and sealed the C annulus of the well.
Exploration & Production
Occidental Petroleum to Invest $1.4 Billion Offshore Colombia
A subsidiary of Occidental Petroleum signed exploration and production contracts for four offshore blocks located off Colombia’s Caribbean coast, the national hydrocarbons agency said in a statement.
Highlights , Shale Plays
Best of This Week’s Drilling Activity Highlights (Oct. 8, 2021)
Three Wolfcamp A completions in Howard County, Texas by Birch Operations plus a Utica Shale discovery and another Exxon Mobil Guyana find top this week’s oil and gas drilling activity highlights from around the world.
Exploration & Production , Lease Sales
Update: Only Shell, Ecopetrol Place Bids in Disappointing Brazil Oil Auction
The combined minimum bids for all the 92 blocks up for grabs was 558 million reais, though only five blocks received bids, all of which were in the Santos Basin off the coast of southeast Brazil.
Discoveries
Exxon Mobil Raises Resource Estimate at Guyana's Stabroek Block
Hess CEO John Hess said he sees "multibillion barrels of additional exploration potential remaining on the block."
Acquisitions & Divestitures , Trends , Mergers
Energy A&D Transactions from the Week of Oct. 6, 2021
Here’s a snapshot of recent energy deals including the closing of the $9.25 billion all-stock merger of Cabot Oil & Gas and Cimarex Energy forming Coterra plus a Midland Basin bolt-on acquisition by Earthstone Energy.
Acquisitions & Divestitures , Trends , Mergers
Energy A&D Transactions from the Week of Sept. 29, 2021
Here’s a snapshot of recent energy deals including the closing of Whiting Petroleum’s D-J Basin exit plus the sale of ConocoPhillips’ stake in a Vaca Muerta Shale project.
Reservoir Evaluation
US Oil Producer APA Plugs, Abandons Offshore Well in Suriname
APA Suriname holds a 50% working interest in the block, with French energy major TotalEnergies holding the rest.