Exclusives

The oil and gas industry is evolving to manage the pace of change.

Google Cloud executive exhorts industry to speed up adoption.

Is geoscience losing its punch? Despite the amazing strides made in recent years, the value case is not an easy sell for service companies. Several noteworthy geoscientists discuss the challenges that still face this industry.

Despite the downturn, there is room for new, flexible and fit-for-purpose contractors.

The latest marine seismic technology has explorers taking notice.

Land & Leasing

Mexican President-elect Andres Manuel Lopez Obrador said on Sept. 6 his government would launch tenders for drilling oil wells from early December as part of a plan to quickly increase the nation's crude output.

Portfolio Reinvention Drives Upstream M&A

M&A activity in the oil patch is about to heat up as long and short-term drivers, from positive commodity prices to lower cost metrics in deep water and investment in alternative energies, kick in.

Total CEO Patrick Pouyanne said in a statement that the acquisition of Engie's upstream LNG business will give Total a worldwide market share of 10%.

The IDD project began production from the Bangka Field in late 2016, but the Makassar Strait block, one of three blocks in the project, is not in production.

Shell committed to the ambitious three-year sale plan following the decision to acquire BG Group in 2015 and the latest announcements bring its total asset sales to around $27 billion.

Reservoir Evaluation

New developments in geoscience and regional understanding can help reduce risk.

microseismic, reservoir, 3-D, oil, MicroSeismic Inc., seismic

A true understanding of the subsurface requires integration and ingenuity.

shale, gas, oil, Energy Information Administration, Kazakhstan, EIA, Chad, United Arab Emirates, Oman

Chad, Kazakhstan, Oman and the United Arab Emirates are believed to have vast shale resources capable of boosting production and adding revenue. However, economics could stand in the way.

Wildcats & Stepouts

Shell, Gulf of Mexico, deepwater, divestment, Ben van Beurden, Fort Sumter

News of a deepwater Gulf of Mexico discovery is made as the company reports falling profits and growth priorities.

Chevron’s $28.5 billion upstream capital and exploratory budget for 2012 includes about $3 billion for exploration and $9 billion for LNG projects.