Drillers added rigs in all of the major U.S. shale oil basins—three in the Eagle Ford in South Texas, two in the Bakken in North Dakota and Montana, and one each in the Niobrara in Colorado and Wyoming and the Permian in West Texas and eastern New Mexico.
Russian oil and gas condensate production hit the latest in a string of post-Soviet highs in March and has since stayed at that level, feeding exports and adding to a global glut preventing global oil prices from rising.
The Norwegian Ministry of Petroleum and Energy has determined the allocation of resources in the Johan Sverdrup oil field in the North Sea, according to a news release.
The transaction amounts to US $25 million and is subject to adjustments that are common to this type of operation, according to a news release.
John Hogg, a native of Hamilton, Ontario, is an AAPG honorary member who previously was chair of the AAPG House of Delegates and president of the association’s Canadian region, a news release said.
Exmar will transfer its assets to Flex LNG in return for 323.7 million new shares in the company, giving it a 64.6% stake, London-based Flex LNG said in a statement July 1.
The collaboration includes areas on offer for Mexico’s Round 1 in the Perdido Fold Belt, Mexican Ridges Province, Campeche Deep Sea Basin.
The East Bay Field produced about 2,050 barrels of oil per day (bbl/d) net on average for fiscal 2015, with net reserves associated with the East Bay Field estimated at about 9.4 million barrels of oil equivalent (boe), 94% liquids, as of June 30, a news release said.
The East African nation will announce the list of companies that qualify by Aug. 10 and expects to issue a request for bids from applicants on Aug. 20.
The Appomattox development will initially produce from the Appomattox and Vicksburg fields, with average peak production estimated to reach about 175,000 barrels of oil equivalent per day (boe/d), a news release said.
The suspension will take effect once Scarabeo 5 has completed drilling a well on the Kristin Field in the middle of August.
The Browse FLNG development concept is based on three FLNG facilities utilizing Shell’s FLNG technology and Woodside’s offshore development expertise to commercialize the Brecknock, Calliance and Torosa fields.