shale, Stratas Advisors

Do Shale’s Troubles Presage An OPEC Deal Extension?

Early signs point to a potential struggle within even the most productive parts of the shale patch, increasing the odds of an OPEC deal extension beyond March. But will that actually happen?

Chevron, asset sales, oil and gas, NAPE, Bruce Niemeyer, Permian, Delaware, Midland

NAPE: Chevron Looks To Make Deals In Permian

The company has identified up to 200,000 acres in the Midland and Delaware sub-basins for transactions in 2017-2018.

Santos, gallagher, SEAAOOC

Santos CEO: US Shale Blueprint Will Save Australia’s Energy Woes

Speaking at SEAAOOC, Santos’ Kevin Gallagher said Australia should encourage shale gas development to drive down energy prices.

Gulf of Mexico, oil and gas, lease sale, Total, BOEM

US GoM Lease Sale Brings In $121 Million In High Bids

Statistics from the Aug. 16 sale show 27 companies participated and submitted 99 bids on 90 tracts. Total E&P USA submitted the highest single bid at $12.1 million.

ONGC Videsh, exploration, invest, Colombia, Bangladesh, Kazakhstan, oil and gas

ONGC Videsh Mulls $150 Million Exploration Investment In FY 2018

The investment plans include drilling more wells in Colombia, where the company recently made a commercial discovery, and exploration activities in Kazakhstan and Bangladesh.

Oilfield Services Sector Continues Consolidation With Nabors-Tesco Merger

Oilfield Services Sector Continues Consolidation With Nabors-Tesco Merger

Nabors’ roughly $216 million acquisition of Tesco is ‘rare win-win in oil patch consolidation,’ analyst says.

Kuwait Oil Co., Jurassic Gas fields, natural gas, consumption, Kuwait

Kuwait Taps Jurassic Reservoirs To Meet Soaring Gas Consumption

Exploration activity targeting Jurassic carbonate reservoirs in North Kuwait has led to the discovery of six major tight gas fields in the last decade.