The Latest

E&P Highlights: July 22, 2024

Here's a roundup of the latest E&P headlines, with LLOG acquiring 41 blocks in the Gulf of Mexico and Saipem securing $500 million in contracts from Saudi Aramco.

How Generative AI Liberates Data to Streamline Decisions

When combined with industrial data management, generative AI can allow processes to be more effective and scalable.

Offshore, Middle East Buoys SLB’s 2Q as US Land Revenue Falls

Driven by a strong offshore market and bolstered by strategic acquisitions and digital innovation, SLB saw a robust second quarter offset by lower drilling revenue in the U.S.

Halliburton Sees NAM Activity Rebound in ‘25 After M&A Dust Settles

Halliburton said a softer North American market was affected by E&Ps integrating assets from recent M&A as the company continues to see international markets boosting the company’s bottom line.

Liberty Energy Warns of ‘Softer’ E&P Activity to Finish 2024

Service company Liberty Energy Inc. upped its EBITDA 12% quarter over quarter but sees signs of slowing drilling activity and completions in the second half of the year.

Safety First, Efficiency Follows: Unconventional Completions Go Automated

The unconventional completions sector has seen a tremendous growth in daily stage capacity and operation efficiencies, primarily driven by process and product innovations in the plug and perf space.

New Wells Underway: Private E&Ps Pulled 40% of US Permits in May

Private E&Ps are keeping pace with public operators in taking permits for new-drill horizontals across the Lower 48, according to a research report.

Detechtion Acquires Software Solutions Company EZ Ops

The acquisition of EZ Ops plans to enhance Detechtion’s presence in field service management and complements its Fieldlink product, which serves producers and service companies in inspection and maintenance.

TGS Awarded Ocean Bottom Node Data Acquisition Contract in North America

The six-month contract was granted by a returning client for TGS to back up the client’s seismic data capabilities for informed decision making.

MTR Reaches ‘End of Road’ Test to Prove Carbon Capture Scalability

Membrane Technology and Research, working with the U.S. Department of Energy among others, is nearing the startup of a large membrane carbon capture system pilot in Wyoming to establish commercial scalability.