The Latest

E&P Highlights: Feb. 10, 2025

Here’s a roundup of the latest E&P headlines, from a Beetaloo well stimulated in Australia to new oil production in China.

TGS Awarded Two More Streamer Contracts Offshore Norway

Data and intelligence TGS provider now has six contracts scheduled on the Norwegian Continental Shelf.

LNG, Data Centers, Winter Freeze Offer Promise for NatGas in ‘25

New LNG export capacity and new gas-fired power demand have prices for 2025 gas and beyond much higher than the early 2024 outlook expected. And kicking the year off: a 21-day freeze across the U.S.

Halliburton-Backed Startup Espiku Nears Water Treatment Pilot

Oregon-based Espiku, in collaboration with Halliburton Labs, aims to help drillers reuse produced water and reduce disposal. The company is scouting potential pilot project sites in the Permian Basin, Bakken and North Texas.

E&P Highlights: Feb. 3, 2025

Here’s a roundup of the latest E&P headlines, from a forecast of rising global land rig activity to new contracts.

Baker Hughes, Hanwha Partner to Develop Small Ammonia Turbines

Baker Hughes, in partnership with Hanwha Power Systems and Hanwha Ocean, aim to complete a full engine test with ammonia by year-end 2027, Baker Hughes says.

Murphy Shares Drop on 4Q Miss, but ’25 Plans Show Promise

Murphy Oil’s fourth-quarter 2024 output missed analysts’ expectations, but analysts see upside with a robust Eagle Ford Shale drilling program and the international E&P’s discovery offshore Vietnam.

Not Sweating DeepSeek: Exxon, Chevron Plow Ahead on Data Center Power

The launch of the energy-efficient DeepSeek chatbot roiled tech and power markets in late January. But supermajors Exxon Mobil and Chevron continue to field intense demand for data-center power supply, driven by AI technology customers.

Halliburton Secures Drilling Contract from Petrobras Offshore Brazil

Halliburton Co. said the contract expands its drilling services footprint in the presalt and post-salt areas for both development and exploration wells.

TGS to Evaluate Continental Shelf Offshore Wind Site

The Ramford Vanguard seismic vessel will be used to acquire data of shallow subsurface targets for wind farm development.