The activities are located at Shell's Bajada de Añelo Block in Argentina’s Vaca Muerta.
Shell operates the block along with local state oil firm YPF.
A Chevron Corp. crude oil cargo has become embroiled in U.S. sanctions on shipping companies for violating restrictions on doing business with Venezuela, the company confirmed.
Venezuela's oil exports plummeted in May to their lowest level since 2003 as U.S. sanctions choked exports, according to data and internal shipping documents.
Exxon Mobil’s latest find offshore Guyana and three extended-reach, horizontal producers completed by Gulfport Energy from a Grady County pad in Oklahoma top this week’s drilling activity highlights from around the world.
Research from this year’s Colorado School of Mines’ Reservoir Characterization Program includes a field project in the Eagle Ford Shale conducted in Gonzales County, Texas.
A record Wolfcamp Shale producer completed by EOG Resources in the Permian Basin plus two Haynesville Shale completions in Louisiana’s Bossier Parish top this week’s drilling activity highlights from around the world.
Subduction zones and associated forearc basins may hold significant undiscovered oil and gas reserves.
The deal is for Block 52, which covers over 4,700 sq km (1,800 sq miles) in the Suriname-Guyana Basin.
Brazilian state-run oil firm Petrobras has begun a long-term test in the Forno area in the Albacora Field in the presalt region of the Campos Basin, the company said in a securities filing May 17.