Canacol expects 2016 to have near-record EBITDAX of about $135 million.

Mubadala Petroleum, operator of the Manora oil development joint venture in the northern Gulf of Thailand, said Sept. 15 that drilling of the MNA-17 well is now completed, according to Tap Oil Ltd. 

Statoil said the first phase of Johan Sverdrup development will be completed in the period of 2018-2022. Continued low oil prices may affect these plans, the company added.

Current EIA estimates show DUC counts at the end of August totaling 4,117 in the four oil-dominant regions and 914 in the three gas-dominant regions that together account for nearly all U.S. tight oil and shale gas production.

Ecuador s also one of the world's most biodiverse nations, boasting Amazon rainforest, Andean mountains and the Galapagos Islands, Reuters reported.

Baker Hughes, drilling, oil, market, Martin Craighead

As global energy demand and oil price uncertainty linger, one of the world’s largest oilfield services company is positioning itself for growth.

Two D-J Basin players reflect on lessons, accomplishments and the future of Colorado’s hottest play at the COGA Energy Summit.

Called the OCEAN-HE, the hull shape of the new semisubmersibles has been designed for low motion characteristics and optimum station keeping capabilities, the company said in a news release. The series includes the OCEAN850-HE and OCEAN1600-HE, the company’s largest to date.

U.S. firms across the value chain can take advantage of opportunities that will emerge from Mexico’s energy reform, say experts at EnerCom.

Net profit at the company fell nearly 48% in the second quarter to 787 billion Colombian pesos (US$270.6 million), Reuters reported. 

Tests showed a crude oil flow rate of 2,406 barrels per day, Sonatrach said in a statement.

Kuwait is a major member of OPEC, pumping about 3 million barrels per day, Reuters reported.

Pages