CNOOC said the Qinhuangdao 27-3 oilfield has been tested to produce approximately 742 bbl/d of oil from a single well.
TPH&Co. analysis shows the Permian Basin will lose rigs near term, but as activity in gassy plays ticks up later this year, the Permian may be headed towards muted activity into 2025.
Evolution expects to participate in future development blocks, holding in aggregate over 70 additional horizontal well locations.
Amplify Energy remains confident that the sheen off Huntington Beach, California is not related to its operations.
Tecpetrol CEO Ricardo Markous touted Argentina’s conventional and unconventional potential saying the country’s oil production would nearly double by 2030 while LNG exports would likely evolve over three phases.
COO Josh Viets said Chesapeake is cutting costs and ready to take advantage once gas prices rebound.
Attracting workers to the energy industry is becoming a difficult job, despite forecasted growth in the industry.
The seventh-gen drillship will be upgraded with a 20,000-psi equipment package starting in 2026.
Petrobras CEO Jean Paul Prates said the company is considering exploration opportunities from the Equatorial margin of South America to West Africa.
Diamondback Chairman and CEO Travis Stice first offered “at least $25 billion” for Endeavor Energy Resources on Dec. 8. The deal closed just weeks later for $26 billion.
Here’s a roundup of the latest E&P headlines, including a FEED planned for Venus and new contract awards.
ChampionX said it expects the deal to extend its reach in international markets including the Middle East, Latin America and other global offshore developments.
TotalEnergies said the Tyra hub will produce 5.7 MMcm of gas and 22,000 bbl/d of condensate.
NobleAI uses “science-based AI” to improve operator decision making and speed up oil and gas developments.