Mexico is a core country for the organic growth of Eni, which is currently producing more than 20,000 boe/d from Area 1 on an early production configuration and expects to ramp-up to 65,000 boe/d in 2022.
Oil Search said on Aug. 2 it intended to recommend an improved buyout offer from Santos Ltd., worth AU$8.4 billion (US$6.2 billion), in a deal that would create a top-20 global oil and gas company.
Endeavor Energy Resources retained EnergyNet for the sale of a Permian Basin package comprising operations in 20 wells in Schleicher County, Texas.
Saudi Arabia delivered the biggest increase in July of 460,000 bbl/d of oil, as it further unwound its voluntary cut and raised output as part of the July 1 OPEC+ boost.
The new pipeline in the south will start in Tuxpan in the Mexican state of Veracruz and run by sea to link with the Mayakan pipeline in the states of Campeche and Tabasco.
A DOJ statement said the M/T Courageous was seized by Cambodian authorities in accordance with a U.S. warrant, having been used to transfer oil products to North Korean vessels.
In the aftermath of 2020’s large-scale mergers and corporate transactions, the deal pantry will likely find itself overflowing with asset buyers hungry for suitable acreage.
July 2021: Walker Ridge Block 758 Discovery Tested Flowing 5,701 bbl of Oil, 12.77 MMcf of Gas per Day
June 2021: Brinninstool West Field-Wolfcamp Well: 5,453 bbl of Oil, 9.779 MMcf of Gas per Day
Shell's Mars development and BP's Thunderhorse and Kaskida top the list when it comes to the highest field reserves. The fields are located in the Mississippi Canyon and Keathley Canyon blocks.