The Latest

Evolution Petroleum Sees Production Uplift from SCOOP/STACK Deals

Evolution Petroleum said the company added 300 gross undeveloped locations and more than a dozen DUCs.

SLB OneSubsea JV to Kickstart North Sea Development

SLB OneSubsea, a joint venture including SLB and Subsea7, have been awarded a contract by OKEA that will develop the Bestla Project offshore Norway.

Permian Resources Adds More Delaware Basin Acreage

Permian Resources also reported its integration of Earthstone Energy’s assets is ahead of schedule and raised expected annual synergies from the deal.

APA Corp. Latest E&P to Bow to Weak NatGas Prices, Curtail Volumes

APA Corp. plans to curtail gas and NGL production in the U.S. owing to weak Waha prices but remains confident it can deliver in the Permian Basin, CEO John Christmann said during a quarterly webcast with analysts.

High Pressure, Temps, No Problem: BP Dives Deeper in GoM

BP is preparing for a 2024 FID on Kaskida and 2025 FID on Tiber projects in the Gulf of Mexico, a BP executive said during an OTC keynote.

Crescent Point Divests Non-core Saskatchewan Assets to Saturn Oil & Gas

Crescent Point Energy is divesting non-core assets to boost its portfolio for long-term sustainability and repay debt.

Chevron, Total’s Anchor Up and (Almost) Running

During the Offshore Technology Conference 2024, project managers for Chevron’s Anchor Deepwater Project discussed the progress the project has made on its journey to reach first oil by mid-2024.

Electric Hype vs. Hydraulic Reality: Advantages of Traditional Systems

Castrol's new fluid prevents gas hydrates in deepwater control systems. 

EOG: Utica Oil Can ‘Compete with the Best Plays in America’

Oil per lateral foot in the Utica is as good as top Permian wells, EOG Resources told analysts May 3 as the company is taking the play to three-mile laterals and longer.

E&P Highlights: May 6, 2024

Here’s a roundup of the latest E&P headlines, including technology milestones and new contract awards.