Jennifer
Pallanich
Hart Energy
Vår Energi Hits Oil with Ringhorne North
Vår Energi’s North Sea discovery de-risks drilling prospects in the area and could be tied back to Balder area infrastructure.
E&P Highlights: April 1, 2024
Here’s a roundup of the latest E&P headlines, including new contract awards.
CNOOC Makes 100 MMton Oilfield Discovery in Bohai Sea
CNOOC said the Qinhuangdao 27-3 oilfield has been tested to produce approximately 742 bbl/d of oil from a single well.
TPH: Lower 48 to Shed Rigs Through 3Q Before Gas Plays Rebound
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.
The Latest
Deepwater Roundup 2024: Americas
The final part of Hart Energy E&P’s Deepwater Roundup focuses on projects coming online in the Americas from 2023 until the end of the decade.
Ohio Utica’s Ascent Resources Credit Rep Rises on Production, Cash Flow
Ascent Resources received a positive outlook from Fitch Ratings as the company has grown into Ohio’s No. 1 gas and No. 2 Utica oil producer, according to state data.
E&P Highlights: April 22, 2024
Here’s a roundup of the latest E&P headlines, including a standardization MoU and new contract awards.
Technip Energies Wins Marsa LNG Contract
Technip Energies contract, which will will cover the EPC of a natural gas liquefaction train for TotalEnergies, is valued between $532 million and $1.1 billion.
Galp Seeks to Sell Stake in Namibia Oilfield After Discovery, Sources Say
Portuguese oil company Galp Energia has launched the sale of half of its stake in an exploration block offshore Namibia.
Exclusive: ‘Regulatory Tsunami’ a Top Priority for American Producers, Says AXPC’s Bradbury
Regulatory considerations have significant implications for how oil and gas companies evaluate risk, and it’s a top priority for American energy producers right now, said American Exploration & Production Council CEO Anne Bradbury at CERAWeek by S&P Global.
Aker BP’s Hanz Subsea Tieback Goes Onstream
AKER BP’s project marks the first time subsea production systems have been reused on the Norwegian Continental Shelf.
SLB’s ChampionX Acquisition Key to Production Recovery Market
During a quarterly earnings call, SLB CEO Olivier Le Peuch highlighted the production recovery market as a key part of the company’s growth strategy.
Biden Administration Criticized for Limits to Arctic Oil, Gas Drilling
The Bureau of Land Management is limiting new oil and gas leasing in the Arctic and also shut down a road proposal for industrial mining purposes.
US Drillers Add Oil, Gas Rigs for First Time in Five Weeks
The oil and gas rig count, an early indicator of future output, rose by two to 619 in the week to April 19.