TGS, PGS Release Seismic Data for Offshore Canada
TGS, a leading provider of multi-client geoscience data for E&P companies, in partnership with PGS, released the final 3-D seismic data results offshore Newfoundland and Labrador on March 31, ahead of the C-NLOPB announcement of parcels and the forthcoming licensing round.
Marketed: Olifant Energy Austin Chalk, Eagle Ford Shale Package
Olifant Energy retained Meagher Energy Advisors for the sale of an Austin Chalk and Eagle Ford package of assets located in Louisiana's Vernon Parish.
Texas Oil Industry Launches Alliance to Tackle Flaring, Emissions
Known as the Texas Methane and Flaring Coalition, the new group will collectively identify and promote operational and environmental recommended practices to minimize flaring and methane emissions.
OGI at Closing: LNG Force Majeure
Gas prices have created the “perfect storm” thanks to a warm winter and the surprise hit of the coronavirus.
Replay: Energy Capital Conference—Persepectives, Alternatives and Trends
Watch all video presentations from Hart Energy’s Energy Capital Conference at your convenience, including perspectives on ESG in the E&P sector, creative alternatives for attracting capital, private equity value creation strategies and more.
Shell Expects Up to $800 Million Write-down after Oil Crash
Shell said it expects “significant uncertainty” over oil and gas prices and demand as consumption falls due to COVID-19 lockdowns across the globe.
Barclays Sets 2050 ‘Net Zero’ Carbon Goal after Investor Pressure
Barclays, one of the biggest lenders in Europe to the fossil fuel industry, on March 30 set itself a target to reach "net zero" for its own carbon emissions and the activities it finances by 2050.
Analyst: Shale Service Providers to Bear Brunt of Oil Market Crash
The U.S. shale market will carry the biggest burden of budget cuts in the oilfield service market, says a Rystad Energy analyst.
TC Energy to Build Keystone XL Pipeline
Construction will lead to thousands of new jobs, billions in economic stimulus and enhanced North American energy security.
US, Russia Agree to Oil Market Talks
Trump calls the price war between Russia and Saudi Arabia ‘crazy.’
BHP Awards Trion Field Pre-FEED Contract to McDermott
The pre-FEED scope includes engineering tasks related to the configuration, sizing and preliminary analysis of the FPU, including topsides, hull, risers and mooring.
Diamondback Energy Cuts 2020 Production Forecast
The company said it now plans to produce about 295,000 to 310,000 barrels of oil equivalent per day (boe/d) for the full year, lower than its previous forecast of 310,000 to 325,000 boe/d.