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.
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.
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.
Gas prices have created the “perfect storm” thanks to a warm winter and the surprise hit of the coronavirus.
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 said it expects “significant uncertainty” over oil and gas prices and demand as consumption falls due to COVID-19 lockdowns across the globe.
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.
The U.S. shale market will carry the biggest burden of budget cuts in the oilfield service market, says a Rystad Energy analyst.
Trump calls the price war between Russia and Saudi Arabia ‘crazy.’
The pre-FEED scope includes engineering tasks related to the configuration, sizing and preliminary analysis of the FPU, including topsides, hull, risers and mooring.
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.